SHA:603202 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,064	1,136	842.1	396.74	114.16	36.77
Depreciation & Amortization	60.05	60.05	41.46	32.23	30.94	23.73
Other Amortization	31.15	31.15	15.78	12.36	7.85	5.74
Loss (Gain) From Sale of Assets	-0.14	-0.14	-0.02	0.02	0.16	0.17
Asset Writedown & Restructuring Costs	0.88	0.88	-0.99	3.94	2.47	6.2
Loss (Gain) From Sale of Investments	-2.22	-2.22	-4.39	5.78	5.72	-0.53
Provision & Write-off of Bad Debts	21.65	21.65	22.72	29.97	-4.9	9.54
Other Operating Activities	241.31	17.83	22.22	25.66	26.23	23.37
Change in Accounts Receivable	-219.3	-219.3	-573.64	-631.71	78.98	-142.11
Change in Inventory	-130.62	-130.62	-91.47	-255.58	-1.25	-28.45
Change in Accounts Payable	152.28	152.28	286.71	480.38	-102.7	-27.92
Operating Cash Flow	1,208	1,057	545.32	101.45	148.18	-101.38
Operating Cash Flow Growth	121.51%	93.77%	437.53%	-31.53%	-	-
Capital Expenditures	-341.71	-285.5	-69.41	-141.81	-62.4	-161.03
Sale of Property, Plant & Equipment	0.04	1.05	0	1.99	0.12	-
Investment in Securities	-1,687	-862.01	-	-6.63	-	-
Other Investing Activities	0.16	3.3	4.8	6	7.8	1.63
Investing Cash Flow	-2,029	-1,143	-64.6	-140.46	-54.49	-159.4
Long-Term Debt Issued	-	-	294.48	529.45	271.3	371.2
Long-Term Debt Repaid	-	-204.38	-290.24	-611.92	-184.73	-147.69
Net Debt Issued (Repaid)	-136.98	-204.38	4.24	-82.47	86.57	223.51
Issuance of Common Stock	3,568	-	-	111.5	-	-
Common Dividends Paid	-406.26	-11.3	-59.05	-24.8	-77.36	-23.25
Other Financing Activities	-50.03	-5.89	-16.15	-37.82	23.66	54.78
Financing Cash Flow	2,975	-221.57	-70.96	-33.59	32.88	255.04
Foreign Exchange Rate Adjustments	2.39	17.74	6.54	9.57	-1.28	-0.01
Net Cash Flow	2,156	-290.31	416.3	-63.03	125.29	-5.74
Free Cash Flow	866.23	771.17	475.91	-40.36	85.77	-262.41
Free Cash Flow Growth	82.01%	62.04%	-	-	-	-
Free Cash Flow Margin	20.51%	17.27%	13.85%	-2.05%	7.35%	-28.10%
Free Cash Flow Per Share	6.34	6.43	3.97	-0.34	-	-
Cash Income Tax Paid	60.85	153.01	92.87	104.12	2.59	2.4
Levered Free Cash Flow	-	653.05	411.13	-85.05	-34.44	-
Unlevered Free Cash Flow	-	663.42	421.75	-73.1	-18.17	-
Change in Working Capital	-209.01	-209.01	-393.57	-405.26	-34.46	-206.37

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