SHA:603214 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	81.46	106.41	104.72	85.95	73.48
Depreciation & Amortization	174.4	180.37	200.83	222.2	168.98
Other Amortization	22.61	19.6	22.68	33.24	30.2
Loss (Gain) From Sale of Assets	-3.96	-4.17	-4.51	-4.77	-4.77
Asset Writedown & Restructuring Costs	-	-	-	-	8.59
Loss (Gain) From Sale of Investments	2.98	-15.12	-26.95	-21.08	-27.55
Provision & Write-off of Bad Debts	-0.19	-1.59	1.03	2.88	2.06
Other Operating Activities	39.79	33.84	39.23	54.85	40.96
Change in Accounts Receivable	-10.5	-0.41	113.15	-100.95	-155.21
Change in Inventory	125.18	38.69	40.58	31.66	-303.81
Change in Accounts Payable	-59.6	-28.1	-90.17	131.93	-5.54
Change in Other Net Operating Assets	-	-	-	-	-7.12
Operating Cash Flow	372.86	333.41	398.3	429.07	-174.34
Operating Cash Flow Growth	11.83%	-16.29%	-7.17%	-	-
Capital Expenditures	-38.52	-34.48	-28.58	-53.55	-84.85
Sale of Property, Plant & Equipment	0.67	0.5	1.37	1.32	-
Cash Acquisitions	-	-	-	-	-119.89
Investment in Securities	-19	-0	-22.38	185.35	-230
Other Investing Activities	16.09	20.87	27.76	18.19	26.73
Investing Cash Flow	-40.76	-13.12	-21.83	151.32	-408.01
Short-Term Debt Issued	380	480	510	646.07	610.59
Total Debt Issued	380	480	510	646.07	610.59
Short-Term Debt Repaid	-380	-568	-522	-729.33	-311.6
Long-Term Debt Repaid	-173.85	-171.9	-209.28	-201.82	-
Total Debt Repaid	-553.85	-739.9	-731.28	-931.15	-311.6
Net Debt Issued (Repaid)	-173.85	-259.9	-221.28	-285.08	298.98
Issuance of Common Stock	-	2.16	1.96	0.98	-
Repurchase of Common Stock	-	-25.02	-	-13.88	-
Common Dividends Paid	-57.37	-70.95	-51.84	-40.57	-54.16
Other Financing Activities	-7.32	-7.16	-9.18	-5.59	-156.1
Financing Cash Flow	-238.54	-360.87	-280.34	-344.13	88.72
Foreign Exchange Rate Adjustments	-0.28	0.14	0.18	0.64	-0.03
Net Cash Flow	93.29	-40.43	96.31	236.89	-493.66
Free Cash Flow	334.35	298.94	369.72	375.52	-259.2
Free Cash Flow Growth	11.85%	-19.14%	-1.54%	-	-
Free Cash Flow Margin	8.84%	8.62%	11.10%	10.38%	-9.77%
Free Cash Flow Per Share	2.41	2.15	2.63	2.67	-1.84
Cash Income Tax Paid	149.31	133.66	143.27	126.84	111.29
Levered Free Cash Flow	294.39	262.92	271.42	243.6	-177.2
Unlevered Free Cash Flow	305.13	276.19	287.45	267.8	-153.97
Change in Working Capital	55.77	14.08	61.27	55.8	-466.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.