SHA:603285 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	134.66	157.67	189.58	242.65	329.14	145.35
Depreciation & Amortization	28.56	28.56	28.01	26.27	23.64	17.3
Other Amortization	0.17	0.17	-	0.17	0.1	-
Loss (Gain) From Sale of Assets	-0.5	-0.5	-	0.12	0.19	-
Asset Writedown & Restructuring Costs	4.05	4.05	0.72	-0.64	0.9	0.39
Loss (Gain) From Sale of Investments	-12.34	-12.34	-6.47	-1.91	-0.71	0.08
Provision & Write-off of Bad Debts	0.17	0.17	0.75	-3.2	2.86	0.74
Other Operating Activities	66.89	-0.18	-0.59	-0.76	2.14	-1.63
Change in Accounts Receivable	15.85	15.85	-34.69	70.72	-72.26	-90.77
Change in Inventory	-4.83	-4.83	15.04	10.54	-35.64	-11.74
Change in Accounts Payable	-19.94	-19.94	7.05	-97.27	-2.34	29.91
Change in Other Net Operating Assets	4.57	4.57	5.19	18.55	15.92	27.83
Operating Cash Flow	217.91	173.84	203.76	263.77	267.21	116.22
Operating Cash Flow Growth	28.02%	-14.68%	-22.75%	-1.29%	129.93%	-
Capital Expenditures	-70.96	-10.49	-9.96	-58.97	-17.02	-32.77
Sale of Property, Plant & Equipment	0.19	0.76	0.06	0.15	0.03	-
Investment in Securities	150.41	-334.59	-136.2	-34.3	-29.5	-
Other Investing Activities	21.17	-	7.35	2.06	0.71	-
Investing Cash Flow	100.82	-344.32	-138.75	-91.07	-45.78	-32.77
Short-Term Debt Issued	-	-	-	-	-	10
Total Debt Issued	-	-	-	-	-	10
Short-Term Debt Repaid	-	-	-	-	-	-20
Long-Term Debt Repaid	-	-0.5	-0.5	-	-	-
Total Debt Repaid	-0.5	-0.5	-0.5	-	-	-20
Net Debt Issued (Repaid)	-0.5	-0.5	-0.5	-	-	-10
Issuance of Common Stock	-	699.44	-	-	-	69.86
Common Dividends Paid	-34.54	-160	-	-	-	-66.05
Other Financing Activities	-2.33	-33.84	-9.87	-	-	-14.48
Financing Cash Flow	-37.38	505.1	-10.37	-	-	-20.67
Foreign Exchange Rate Adjustments	0.61	1.54	0.56	0.5	-1.7	-0.55
Miscellaneous Cash Flow Adjustments	-	-	-	-113.51	-173.53	-
Net Cash Flow	281.96	336.16	55.19	59.7	46.2	62.23
Free Cash Flow	146.95	163.35	193.8	204.8	250.19	83.45
Free Cash Flow Growth	-9.66%	-15.71%	-5.37%	-18.14%	199.81%	-
Free Cash Flow Margin	23.56%	24.28%	28.75%	27.17%	23.97%	14.49%
Free Cash Flow Per Share	0.92	1.19	1.61	1.71	2.11	-
Cash Income Tax Paid	32.12	42.29	64.03	69.79	70.94	36.15
Levered Free Cash Flow	118.04	177.93	138	122	59.81	160.58
Unlevered Free Cash Flow	118.07	177.95	138.01	122.02	59.9	162.17
Change in Working Capital	-3.76	-3.76	-8.23	1.07	-91.04	-46.02

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