SHA:603282 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	122.19	102.04	161.42	167.6	93.6	84.04
Depreciation & Amortization	28.81	28.81	23.88	16.39	8.84	6.82
Other Amortization	3.63	3.63	2.04	1.62	0.75	0.33
Loss (Gain) From Sale of Assets	-8.29	-8.29	0.79	-0.04	-	-
Asset Writedown & Restructuring Costs	14.48	14.48	11.39	0.94	6	1
Loss (Gain) From Sale of Investments	0.3	0.3	-3.66	-1.17	-2.9	-0.4
Provision & Write-off of Bad Debts	50.34	50.34	10.88	14.37	-9.1	0.78
Other Operating Activities	58.79	-1.4	0.56	-0.8	-0.6	-1.66
Change in Accounts Receivable	19.38	19.38	-59.04	-179.21	-28.04	-32.64
Change in Inventory	42.76	42.76	-231.93	-394.23	-214.25	-45.81
Change in Accounts Payable	-123.37	-123.37	76.79	491.34	219.02	97.47
Change in Other Net Operating Assets	-	-	-	-	1.08	6.16
Operating Cash Flow	200.1	119.75	-11.48	116.61	74.87	111.45
Operating Cash Flow Growth	146.73%	-	-	55.74%	-32.82%	5.13%
Capital Expenditures	-96.38	-114.75	-118.18	-93.59	-71.76	-76.52
Sale of Property, Plant & Equipment	11.7	12.41	0.08	0.11	0	0.06
Divestitures	-	0.55	1.96	-	-	-
Investment in Securities	23.9	23.36	-135.5	92.96	-	-14.31
Other Investing Activities	-148.38	0.69	0.28	1.36	17.73	-23.29
Investing Cash Flow	-209.15	-77.75	-251.37	0.83	-54.02	-114.07
Short-Term Debt Issued	-	-	10	66.94	-	-
Long-Term Debt Issued	-	-	-	-	6.7	18.2
Total Debt Issued	2.21	-	10	66.94	6.7	18.2
Short-Term Debt Repaid	-	-	-26.92	-74.94	-	-
Total Debt Repaid	-0.21	-	-26.92	-74.94	-	-
Net Debt Issued (Repaid)	2	-	-16.92	-8	6.7	18.2
Issuance of Common Stock	3.2	-	541.25	-	-	-
Common Dividends Paid	-31.7	-49.51	-40.32	-0.54	-1.04	-22.14
Dividends Paid	-31.7	-49.51	-40.32	-0.54	-1.04	-22.14
Other Financing Activities	-13.67	-22.25	-18.93	-1.11	-2.04	2.85
Financing Cash Flow	-40.17	-71.76	465.08	-9.65	3.62	-1.09
Foreign Exchange Rate Adjustments	0.16	0.22	-0.17	0.2	-0.26	-0.01
Net Cash Flow	-49.07	-29.55	202.05	107.99	24.21	-3.72
Free Cash Flow	103.72	5	-129.66	23.01	3.12	34.93
Free Cash Flow Growth	-	-	-	638.66%	-91.08%	-42.38%
Free Cash Flow Margin	10.09%	0.62%	-13.30%	2.51%	0.64%	8.35%
Free Cash Flow Per Share	0.78	0.04	-1.04	0.23	0.03	0.35
Cash Income Tax Paid	43.65	43.71	83.67	40.52	41.31	31.28
Levered Free Cash Flow	64.53	20.36	-193.81	-4.15	10.13	-26.7
Unlevered Free Cash Flow	64.53	20.53	-193.7	-3.94	10.17	-26.7
Change in Working Capital	-70.15	-70.15	-218.78	-82.31	-21.71	20.54

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