SHA:603269 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	106.19	95.91	84.82	73.75	52.93	46.47
Depreciation & Amortization	32.79	32.79	31.97	33.65	38.37	20.45
Other Amortization	0.77	0.77	0.46	0.6	0.91	1.09
Loss (Gain) From Sale of Assets	0	0	-35.33	-12.39	0.29	-9.5
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.14
Loss (Gain) From Sale of Investments	-0.36	-0.36	-0.86	1.59	-3.95	3.01
Provision & Write-off of Bad Debts	8.05	8.05	28.36	15.61	15.6	12.73
Other Operating Activities	96.86	63.64	13.83	5.86	12.97	17.02
Change in Accounts Receivable	-34.76	-34.76	-178.29	-156.09	-49.98	-165.12
Change in Inventory	11.79	11.79	-169.22	-114.84	-241.87	-132.07
Change in Accounts Payable	20.83	20.83	421.55	132.64	153.91	230.36
Operating Cash Flow	226.36	182.86	197.31	-31.25	-24.62	25.17
Operating Cash Flow Growth	-13.09%	-7.33%	-	-	-	-
Capital Expenditures	-32.67	-30.9	-12.41	-17.88	-37.35	-65.07
Sale of Property, Plant & Equipment	10.22	4.82	15.49	10	0.1	21.21
Cash Acquisitions	-8.01	-7.49	-	-3.63	-12.98	-16.46
Investment in Securities	1.13	1.55	2.91	0.18	-	-24.27
Other Investing Activities	-10.28	0.79	2.17	0.38	0.06	0.02
Investing Cash Flow	-39.6	-31.23	8.16	-10.94	-50.17	-84.57
Long-Term Debt Issued	-	511.48	504.63	583.96	342.62	354.94
Long-Term Debt Repaid	-	-512.8	-414.02	-506.74	-274.52	-367.95
Net Debt Issued (Repaid)	209.87	-1.32	90.62	77.22	68.1	-13.01
Issuance of Common Stock	-	-	-	-	-	149.48
Common Dividends Paid	-88.58	-68.9	-46.57	-45.72	-40.25	-31.52
Other Financing Activities	-100.51	-	-	-	-	-
Financing Cash Flow	20.78	-70.22	44.05	31.49	27.86	104.95
Foreign Exchange Rate Adjustments	45.49	16.23	2.36	4.94	-3.75	-2.13
Net Cash Flow	253.02	97.64	251.88	-5.76	-50.69	43.43
Free Cash Flow	193.68	151.95	184.9	-49.13	-61.96	-39.9
Free Cash Flow Growth	-17.03%	-17.82%	-	-	-	-
Free Cash Flow Margin	11.28%	9.50%	13.39%	-3.63%	-5.48%	-4.78%
Free Cash Flow Per Share	0.64	0.49	0.59	-0.16	-0.20	-0.14
Cash Income Tax Paid	79.31	57.69	62.46	60.01	40.38	36.29
Levered Free Cash Flow	266.51	185.81	242.29	-106.04	-62.41	-50.82
Unlevered Free Cash Flow	276.88	196.54	253.64	-96.21	-55.02	-44.21
Change in Working Capital	-17.94	-17.94	74.05	-149.93	-141.75	-66.24

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.