SHA:603303 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	260.3	347.3	375.58	340.49	327.73
Depreciation & Amortization	120.16	116.19	118.79	121.27	84.62
Other Amortization	4.07	5.34	2.79	2.57	2.01
Loss (Gain) From Sale of Assets	-1.43	-2.69	-0.36	-0.28	-0.26
Asset Writedown & Restructuring Costs	33.21	0.66	0.59	0.26	0.83
Loss (Gain) From Sale of Investments	-27.82	-14.04	-14.38	-4.99	-56.2
Provision & Write-off of Bad Debts	-	34.39	36.75	-4.44	33.62
Other Operating Activities	26.38	13.8	59.49	79.19	-2.78
Change in Accounts Receivable	-122.55	-58.59	140.44	476.66	-634.6
Change in Inventory	18.39	25.42	147.85	141.85	-121.67
Change in Accounts Payable	277.28	136.84	-95.07	-216.74	265.11
Operating Cash Flow	575.05	585.28	783.64	928.58	-104.44
Operating Cash Flow Growth	-1.75%	-25.31%	-15.61%	-	-
Capital Expenditures	-88.95	-89.71	-107.94	-156.37	-156.65
Sale of Property, Plant & Equipment	1.58	0.55	1.85	0.37	0.26
Cash Acquisitions	-	-	-	-	-5.96
Divestitures	-	-	-	-	169.98
Investment in Securities	13.5	-2.04	-16.16	-	-
Other Investing Activities	-1.99	4.84	2.14	-	0.11
Investing Cash Flow	-75.86	-86.36	-120.11	-156	7.74
Short-Term Debt Issued	-	131	392.51	299.8	-
Long-Term Debt Issued	5	-	-	-	230
Total Debt Issued	5	131	392.51	299.8	230
Short-Term Debt Repaid	-	-20	-60	-299.8	-
Long-Term Debt Repaid	-35	-24.56	-23.03	-18.08	-238.28
Total Debt Repaid	-35	-44.56	-83.03	-317.88	-238.28
Net Debt Issued (Repaid)	-30	86.44	309.48	-18.08	-8.28
Repurchase of Common Stock	-	-108.69	-	-	-
Common Dividends Paid	-665.31	-180.77	-188.22	-177.83	-129.2
Other Financing Activities	65.8	70.35	159.49	-264.78	-321.16
Financing Cash Flow	-629.52	-132.67	280.75	-460.69	-458.64
Foreign Exchange Rate Adjustments	-15.8	30.38	-13.27	-7	22.21
Net Cash Flow	-146.13	396.62	931.01	304.88	-533.13
Free Cash Flow	486.1	495.56	675.7	772.21	-261.09
Free Cash Flow Growth	-1.91%	-26.66%	-12.50%	-	-
Free Cash Flow Margin	11.24%	11.18%	14.39%	16.58%	-4.95%
Free Cash Flow Per Share	1.04	1.05	1.42	1.62	-0.55
Cash Income Tax Paid	-250.6	-222.63	-258.5	-328.32	-347.85
Levered Free Cash Flow	356.57	369.6	705.24	536.29	-197.17
Unlevered Free Cash Flow	356.57	385.06	727.77	546.5	-191.23
Change in Working Capital	160.19	84.33	204.39	394.51	-494.01

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.