SHA:603275 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	193.9	214.86	192.2	150.36	196.81	180.96
Depreciation & Amortization	12.96	12.96	7.4	7.27	7.58	8.58
Other Amortization	1.11	1.11	0.17	0.6	1.26	3.29
Loss (Gain) From Sale of Assets	0.11	0.11	-0.03	-0.07	-0.08	-
Asset Writedown & Restructuring Costs	0.66	0.66	-	-	5.06	17.54
Loss (Gain) From Sale of Investments	-34.49	-34.49	-10.65	-6.08	-7.14	-2.92
Provision & Write-off of Bad Debts	2.71	2.71	2.28	3.9	2.52	9.33
Other Operating Activities	53.91	4.24	2.55	4.25	1.01	0.44
Change in Accounts Receivable	-70.02	-70.02	-105.21	4.93	-53.15	-60.83
Change in Inventory	-3.48	-3.48	-6.51	32.21	-64.11	-34.87
Change in Accounts Payable	10.02	10.02	55.27	-79.38	33.07	38.89
Change in Other Net Operating Assets	2.16	2.16	6.04	3.73	3.46	1.47
Operating Cash Flow	167.32	138.61	142.34	121.46	126.79	157.64
Operating Cash Flow Growth	86.76%	-2.61%	17.19%	-4.20%	-19.57%	-2.41%
Capital Expenditures	-81.52	-89.11	-82.03	-37.54	-28.41	-4.57
Sale of Property, Plant & Equipment	0.01	0.06	0.12	0.12	0.09	-
Divestitures	-	-	-	-1.08	-	-
Investment in Securities	-365.43	-341.31	-789.93	-2.21	-	-
Other Investing Activities	30.01	30.42	11.85	5.6	-88.02	-93.89
Investing Cash Flow	-416.93	-399.94	-859.99	-35.1	-116.34	-98.46
Short-Term Debt Issued	-	-	-	35.04	-	18.1
Long-Term Debt Issued	-	2.46	10.01	-	-	-
Total Debt Issued	26.26	2.46	10.01	35.04	-	18.1
Short-Term Debt Repaid	-	-	-	-24.81	-15.1	-
Long-Term Debt Repaid	-	-0.48	-8.99	-	-	-
Total Debt Repaid	-44.84	-0.48	-8.99	-24.81	-15.1	-
Net Debt Issued (Repaid)	-18.59	1.97	1.02	10.23	-15.1	18.1
Issuance of Common Stock	-	-	1,726	3.98	5.5	111.56
Repurchase of Common Stock	-24.23	-24.23	-	-	-	-
Common Dividends Paid	-34.96	-31.34	-0.03	-50.67	-0.6	-200.2
Other Financing Activities	44.3	3	-	-	-	-
Financing Cash Flow	-33.48	-50.6	1,727	-36.46	-10.2	-70.54
Foreign Exchange Rate Adjustments	0	0	-	-	-	-
Net Cash Flow	-283.08	-311.93	1,010	49.9	0.25	-11.35
Free Cash Flow	85.8	49.51	60.3	83.92	98.38	153.07
Free Cash Flow Growth	2174.40%	-17.90%	-28.14%	-14.70%	-35.73%	-2.86%
Free Cash Flow Margin	12.05%	7.32%	9.78%	15.66%	15.86%	24.46%
Free Cash Flow Per Share	0.58	0.33	0.49	0.75	0.89	1.51
Cash Income Tax Paid	45	48.35	38.32	31.67	42.04	54.13
Levered Free Cash Flow	5.07	-19.81	43.94	40.37	83.25	9.76
Unlevered Free Cash Flow	5.5	-19.75	44	40.65	83.5	10.1
Change in Working Capital	-63.55	-63.55	-51.57	-38.77	-80.22	-59.58

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