SHA:603308 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	353.48	286.38	303.26	401.67	231.18	201.61
Depreciation & Amortization	254.24	254.24	264.4	218.35	220.94	206.54
Other Amortization	41.86	41.86	7.34	3.54	2.24	5.8
Loss (Gain) From Sale of Assets	0.01	0.01	0.44	-113.06	-0.23	0.02
Asset Writedown & Restructuring Costs	0.15	0.15	0.44	-0.01	0.01	-
Loss (Gain) From Sale of Investments	-2.4	-2.4	-2.06	-0.25	9.31	-1.89
Provision & Write-off of Bad Debts	15.41	15.41	14.31	-0.1	9.6	11.34
Other Operating Activities	-34.3	93.63	83.28	98.65	90.38	93.55
Change in Accounts Receivable	-528.3	-528.3	-71.14	-362.77	-390.55	-358.92
Change in Inventory	-320.9	-320.9	-471.88	-358.19	-74.41	-6
Change in Accounts Payable	270.86	270.86	106.33	132.83	145.37	275.78
Change in Other Net Operating Assets	8.07	8.07	7.86	-2.76	3.05	10.62
Operating Cash Flow	38.45	99.27	233.87	-23.04	224.12	404.83
Operating Cash Flow Growth	83.41%	-57.55%	-	-	-44.64%	-7.34%
Capital Expenditures	-710.76	-591.84	-533.32	-757.92	-864.68	-857.93
Sale of Property, Plant & Equipment	2.99	2.99	1.32	7.35	1.16	0
Investment in Securities	15	-	-	-2.5	-5	-
Other Investing Activities	-127.94	-221.09	-85.83	937.7	459.28	2.59
Investing Cash Flow	-820.72	-809.93	-617.83	184.64	-409.24	-855.35
Long-Term Debt Issued	-	3,441	3,498	3,268	3,673	3,521
Long-Term Debt Repaid	-	-2,538	-2,990	-3,225	-3,167	-3,165
Net Debt Issued (Repaid)	400.96	902.59	507.63	42.96	506.02	356.15
Repurchase of Common Stock	-42	-42	-10	-	-	-
Common Dividends Paid	-221.3	-228.66	-264.7	-201.32	-165.02	-148.92
Other Financing Activities	2,129	52	-3.54	-	-	-16.75
Financing Cash Flow	2,266	683.93	229.39	-158.36	341	190.48
Foreign Exchange Rate Adjustments	25.61	-3.95	22.17	9.4	-25.7	-5.67
Net Cash Flow	1,510	-30.68	-132.4	12.63	130.18	-265.7
Free Cash Flow	-672.31	-492.57	-299.46	-780.96	-640.55	-453.11
Free Cash Flow Margin	-24.68%	-19.60%	-12.42%	-35.53%	-31.40%	-24.72%
Free Cash Flow Per Share	-0.99	-0.72	-0.43	-1.15	-0.94	-0.67
Cash Income Tax Paid	8.19	-17.83	-7.84	-15.88	34.98	58.63
Levered Free Cash Flow	-287.71	-166.19	273.65	-741.73	-1,041	-570.72
Unlevered Free Cash Flow	-209.7	-85.45	348.62	-658.53	-987.25	-512.37
Change in Working Capital	-590.02	-590.02	-437.55	-631.83	-339.31	-112.14

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.