SHA:603214 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	83.33	81.46	106.41	104.72	85.95	73.48
Depreciation & Amortization	174.4	174.4	180.37	200.83	222.2	168.98
Other Amortization	22.61	22.61	19.6	22.68	33.24	30.2
Loss (Gain) From Sale of Assets	-3.96	-3.96	-4.17	-4.51	-4.77	-4.77
Asset Writedown & Restructuring Costs	-	-	-	0.07	-	8.59
Loss (Gain) From Sale of Investments	2.98	2.98	-15.12	-26.95	-21.08	-27.55
Provision & Write-off of Bad Debts	-0.21	-0.21	-1.45	1.23	2.88	2.06
Other Operating Activities	102.89	39.81	33.7	38.95	54.85	40.96
Change in Accounts Receivable	-10.5	-10.5	-0.41	113.15	-100.95	-155.21
Change in Inventory	125.18	125.18	38.69	40.58	31.66	-303.81
Change in Accounts Payable	-59.6	-59.6	-28.1	-90.17	131.93	-5.54
Change in Other Net Operating Assets	-	-	-	-	-	-7.12
Operating Cash Flow	437.81	372.86	333.41	398.3	429.07	-174.34
Operating Cash Flow Growth	33.84%	11.83%	-16.29%	-7.17%	-	-
Capital Expenditures	-41.5	-38.52	-34.48	-28.58	-53.55	-84.85
Sale of Property, Plant & Equipment	0.74	0.67	0.5	1.37	1.32	-
Cash Acquisitions	-	-	-	-	-	-119.89
Investment in Securities	-141.6	-19	-0	-22.38	185.35	-230
Other Investing Activities	15.96	16.09	20.87	27.76	18.19	26.73
Investing Cash Flow	-166.4	-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	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	-553.85	-739.9	-731.28	-931.15	-311.6
Net Debt Issued (Repaid)	-173.85	-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	-56.86	-57.37	-70.95	-51.84	-40.57	-54.16
Other Financing Activities	-6.37	-7.32	-7.16	-9.18	-5.59	-156.1
Financing Cash Flow	-237.08	-238.54	-360.87	-280.34	-344.13	88.72
Foreign Exchange Rate Adjustments	-0.59	-0.28	0.14	0.18	0.64	-0.03
Net Cash Flow	33.75	93.29	-40.43	96.31	236.89	-493.66
Free Cash Flow	396.31	334.35	298.94	369.72	375.52	-259.2
Free Cash Flow Growth	38.32%	11.85%	-19.14%	-1.54%	-	-
Free Cash Flow Margin	10.39%	8.84%	8.62%	11.10%	10.38%	-9.77%
Free Cash Flow Per Share	2.86	2.41	2.15	2.63	2.67	-1.84
Cash Income Tax Paid	149.31	149.31	133.66	143.27	126.84	111.29
Levered Free Cash Flow	456.83	294.39	262.92	271.42	243.6	-177.2
Unlevered Free Cash Flow	467.38	305.13	276.19	287.45	267.8	-153.97
Change in Working Capital	55.77	55.77	14.08	61.27	55.8	-466.3

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