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 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	119.14	115.68	95.91	84.82	73.75	52.93
Depreciation & Amortization	40.52	40.52	33.18	31.97	33.65	38.37
Other Amortization	1.29	1.29	0.34	0.46	0.6	0.91
Loss (Gain) From Sale of Assets	1.6	1.6	0	-35.33	-12.39	0.29
Loss (Gain) From Sale of Investments	-0.16	-0.16	-0.36	-0.86	1.59	-3.95
Provision & Write-off of Bad Debts	41.42	41.42	8.05	28.36	15.61	15.6
Other Operating Activities	-95.12	32.01	63.68	13.83	5.86	12.97
Change in Accounts Receivable	-134.79	-134.79	-34.76	-178.29	-156.09	-49.98
Change in Inventory	176.7	176.7	11.79	-169.22	-114.84	-241.87
Change in Accounts Payable	-82.42	-82.42	20.83	421.55	132.64	153.91
Operating Cash Flow	60.63	184.3	182.86	197.31	-31.25	-24.62
Operating Cash Flow Growth	-68.58%	0.79%	-7.33%	-	-	-
Capital Expenditures	-28.73	-30.79	-30.9	-12.41	-17.88	-37.35
Sale of Property, Plant & Equipment	0.07	10.09	4.82	15.49	10	0.1
Cash Acquisitions	-8	-8	-7.49	-	-3.63	-12.98
Investment in Securities	0.15	0.53	1.55	2.91	0.18	-
Other Investing Activities	-10.63	-10.4	0.79	2.17	0.38	0.06
Investing Cash Flow	-47.13	-38.56	-31.23	8.16	-10.94	-50.17
Long-Term Debt Issued	-	818.47	511.48	504.63	583.96	342.62
Long-Term Debt Repaid	-	-552.5	-512.8	-414.02	-506.74	-274.52
Net Debt Issued (Repaid)	171.37	265.97	-1.32	90.62	77.22	68.1
Issuance of Common Stock	44.74	44.74	-	-	-	-
Repurchase of Common Stock	-120	-120	-	-	-	-
Common Dividends Paid	-84.55	-84.4	-68.9	-46.57	-45.72	-40.25
Other Financing Activities	1.95	-	-	-	-	-
Financing Cash Flow	13.51	106.3	-70.22	44.05	31.49	27.86
Foreign Exchange Rate Adjustments	10.24	29	16.23	2.36	4.94	-3.75
Net Cash Flow	37.25	281.03	97.64	251.88	-5.76	-50.69
Free Cash Flow	31.91	153.51	151.95	184.9	-49.13	-61.96
Free Cash Flow Growth	-79.56%	1.03%	-17.82%	-	-	-
Free Cash Flow Margin	1.65%	8.32%	9.50%	13.39%	-3.63%	-5.48%
Free Cash Flow Per Share	0.10	0.50	0.49	0.59	-0.16	-0.20
Cash Income Tax Paid	72.76	80.76	57.69	62.46	60.01	40.38
Levered Free Cash Flow	229.29	313.63	185.75	242.32	-106.04	-62.41
Unlevered Free Cash Flow	240.95	324.89	196.29	253.64	-96.21	-55.02
Change in Working Capital	-48.07	-48.07	-17.94	74.05	-149.93	-141.75

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