SHA:603280 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	95.13	94.67	90.8	120.42	114.41	155.49
Depreciation & Amortization	20.12	20.12	20.21	18.53	15.8	16
Other Amortization	0.1	0.1	1.27	0.33	0.34	0.31
Loss (Gain) From Sale of Assets	-0.16	-0.16	0.09	-0.24	-0	-0.07
Asset Writedown & Restructuring Costs	11.64	11.64	0.07	0.07	0.01	17.22
Loss (Gain) From Sale of Investments	-8.92	-8.92	-10.12	-12.12	-2.65	-2.7
Provision & Write-off of Bad Debts	-	-	-0.46	1.4	-3.46	-0.52
Other Operating Activities	-21.92	4.98	11.67	8.64	-6.44	0.41
Change in Accounts Receivable	-11.81	-11.81	-53.97	17.93	-27.29	17.71
Change in Inventory	-34.28	-34.28	4.52	-3.39	146.31	-148.43
Change in Accounts Payable	109.68	109.68	-22.88	-65.52	-238.29	24.38
Operating Cash Flow	157.89	184.33	42.75	86.32	1.69	78.38
Operating Cash Flow Growth	259.33%	331.22%	-50.48%	4993.85%	-97.84%	-45.84%
Capital Expenditures	-8.49	-8.62	-23.39	-25.05	-7.17	-10.83
Sale of Property, Plant & Equipment	0.21	0.18	0.36	0.53	0.06	0.14
Investment in Securities	-392.17	-180.78	64.89	-103.14	-401.95	-103.75
Other Investing Activities	12.72	14.66	9.36	12.76	3.75	-
Investing Cash Flow	-387.72	-174.57	51.22	-114.9	-405.32	-114.44
Long-Term Debt Repaid	-	-	-4.23	-4.21	-1.28	-0.97
Total Debt Repaid	-	-	-4.23	-4.21	-1.28	-0.97
Net Debt Issued (Repaid)	-	-	-4.23	-4.21	-1.28	-0.97
Issuance of Common Stock	-	-	-	-	580.92	-
Common Dividends Paid	-28.19	-28.19	-36.86	-34.69	-24.39	-4.88
Other Financing Activities	-1.93	-1.83	-	-9.4	-19.52	-2.01
Financing Cash Flow	-30.12	-30.02	-41.09	-48.3	535.73	-7.85
Foreign Exchange Rate Adjustments	-0.53	-0.5	-0.7	1.03	5.9	-0.3
Net Cash Flow	-260.48	-20.76	52.17	-75.85	138.01	-44.2
Free Cash Flow	149.41	175.71	19.36	61.27	-5.47	67.56
Free Cash Flow Growth	540.59%	807.68%	-68.40%	-	-	-47.87%
Free Cash Flow Margin	13.67%	16.94%	1.93%	5.37%	-0.45%	5.26%
Free Cash Flow Per Share	1.36	1.61	0.18	0.56	-0.07	0.83
Cash Income Tax Paid	65.99	58.82	40.9	42.59	59.15	78.42
Levered Free Cash Flow	-11.41	81.77	-34.17	-20.28	-72.92	-18.25
Unlevered Free Cash Flow	-11.41	81.77	-34.04	-20.09	-72.87	-18.18
Change in Working Capital	61.91	61.91	-70.78	-50.71	-116.32	-107.77

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