SHA:603200 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	77.4	42.95	38.97	42.27	41.03
Depreciation & Amortization	31.12	33.76	24.63	22.59	17.33
Other Amortization	0.49	1.95	1.1	0.78	0.46
Loss (Gain) From Sale of Assets	44.79	-0.28	0.16	-0.02	-0.74
Asset Writedown & Restructuring Costs	-6.28	-	0.19	8.48	0
Loss (Gain) From Sale of Investments	-121.19	-3.88	-4.42	-6.4	-4.89
Provision & Write-off of Bad Debts	-	6.8	26.55	10.88	13.09
Other Operating Activities	33.16	5.45	8.99	-1.02	8.16
Change in Accounts Receivable	16.71	-49.3	4.05	-15.67	-24.04
Change in Inventory	-11.49	-23.32	10.45	-7.42	-0.84
Change in Accounts Payable	0.21	18.21	-57.42	38.1	-26.33
Change in Other Net Operating Assets	-	-	0.15	8.15	1.25
Operating Cash Flow	61.38	30.69	50.59	98.53	22.32
Operating Cash Flow Growth	99.98%	-39.33%	-48.66%	341.52%	-
Capital Expenditures	-167.46	-104.86	-53.51	-26.81	-9.9
Sale of Property, Plant & Equipment	102.19	-	0.58	0.13	0.99
Cash Acquisitions	-	-	-	-	-29
Divestitures	30.46	-	-	0.83	-
Investment in Securities	-40.13	-77.29	-90.05	-35	-
Other Investing Activities	1.56	0.92	1.73	6.63	0.1
Investing Cash Flow	-73.36	-181.23	-141.26	-54.21	-37.81
Long-Term Debt Issued	408.41	293.66	264.52	153.64	123.2
Total Debt Issued	408.41	293.66	264.52	153.64	123.2
Long-Term Debt Repaid	-290.15	-251.35	-184.02	-133.99	-141.75
Total Debt Repaid	-290.15	-251.35	-184.02	-133.99	-141.75
Net Debt Issued (Repaid)	118.26	42.3	80.5	19.64	-18.55
Issuance of Common Stock	0.05	7.24	19.84	3.69	-
Common Dividends Paid	-25.21	-21.36	-20.26	-17.77	-18.21
Other Financing Activities	81.73	-2.62	8.74	4.82	3.23
Financing Cash Flow	174.82	25.57	88.82	10.38	-33.52
Foreign Exchange Rate Adjustments	0.35	0.05	0.92	4.49	-1.26
Net Cash Flow	163.18	-124.92	-0.94	59.19	-50.28
Free Cash Flow	-106.08	-74.17	-2.92	71.73	12.42
Free Cash Flow Growth	-	-	-	477.63%	-
Free Cash Flow Margin	-21.09%	-14.54%	-0.54%	11.86%	2.22%
Free Cash Flow Per Share	-0.60	-0.42	-0.02	0.41	0.07
Cash Income Tax Paid	34.38	39.64	31.81	37.71	24.38
Levered Free Cash Flow	-275.31	-12.12	-41.18	67.46	-12.89
Unlevered Free Cash Flow	-275.31	-5.52	-36.09	71.42	-8.57
Change in Working Capital	1.88	-56.05	-45.58	20.98	-52.12

Source: S&P Global Market Intelligence. Standard template. Financial Sources.