SHA:603213 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	Jan '22 Jan 1, 2022
Net Income	75.88	191.08	248.83	379.42	496.83
Depreciation & Amortization	139.09	103.57	63.56	59.67	50.81
Other Amortization	11.25	15.21	13.32	10.41	7.63
Loss (Gain) From Sale of Assets	-1.35	-4.57	-13.36	-4.7	-19.14
Asset Writedown & Restructuring Costs	18.48	0.88	0.54	22.22	18.8
Loss (Gain) From Sale of Investments	-	-1.73	-	-	-
Provision & Write-off of Bad Debts	-	-0.18	-0.24	-1.79	-
Other Operating Activities	24.81	26.15	2.85	1.11	2.81
Change in Accounts Receivable	55.17	-307.3	-465.65	66.55	-540.54
Change in Inventory	0.37	-55.84	-2.96	8.49	-82.6
Change in Accounts Payable	50.35	-41.71	191.24	-15.82	165.78
Change in Other Net Operating Assets	-0.01	-0	-	-	16.62
Operating Cash Flow	320.2	-19.02	47.27	526.91	129.56
Operating Cash Flow Growth	-	-	-91.03%	306.68%	103.65%
Capital Expenditures	-251.68	-180.73	-498.92	-308.21	-135.79
Sale of Property, Plant & Equipment	4.57	7.24	13.36	6.19	23.31
Other Investing Activities	2.22	-0.77	-7.45	14.36	-
Investing Cash Flow	-244.89	-174.25	-493.02	-287.67	-112.48
Short-Term Debt Issued	-	-	-	-	50
Long-Term Debt Issued	135	650.78	283	105	-
Total Debt Issued	135	650.78	283	105	50
Short-Term Debt Repaid	-	-	-	-	-107
Long-Term Debt Repaid	-53.05	-194	-	-150	-
Total Debt Repaid	-53.05	-194	-	-150	-107
Net Debt Issued (Repaid)	81.95	456.78	283	-45	-57
Issuance of Common Stock	-	-	-	-	373.55
Common Dividends Paid	-122.04	-133.11	-190.64	-251.45	-61.92
Other Financing Activities	-	-1.12	-1.82	-	-23.26
Financing Cash Flow	-40.09	322.55	90.54	-296.45	231.37
Net Cash Flow	35.22	129.29	-355.2	-57.21	248.46
Free Cash Flow	68.52	-199.74	-451.65	218.69	-6.23
Free Cash Flow Margin	2.61%	-6.89%	-21.36%	8.53%	-0.29%
Free Cash Flow Per Share	0.15	-0.43	-1.03	0.50	-0.02
Cash Income Tax Paid	90.09	46.12	58.13	262.53	139.01
Levered Free Cash Flow	261.37	-358.95	-111.92	791.68	-86.89
Unlevered Free Cash Flow	261.37	-348.61	-111.79	792.27	-85.62
Change in Working Capital	52.05	-349.43	-268.23	60.56	-428.17

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