SHA:603320 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	80.55	66.63	41.54	34.2	78.62
Depreciation & Amortization	41.89	40.39	39.54	31.54	23.49
Loss (Gain) From Sale of Assets	-0.84	-	-	-	-15.88
Asset Writedown & Restructuring Costs	-0.96	1.74	-0	-1.18	-0.28
Loss (Gain) From Sale of Investments	-2.4	-2.59	-1.22	-0.58	-1.7
Provision & Write-off of Bad Debts	-	-0.35	0.4	1.38	0.71
Other Operating Activities	-1.41	9.77	14.78	17.96	15.97
Change in Accounts Receivable	-5.83	-0.66	8.75	-12.53	-118.88
Change in Inventory	22.38	-28.19	-45.78	72.17	-90.87
Change in Accounts Payable	-23.73	21.44	7.44	-22.88	139.46
Operating Cash Flow	110.06	108.09	64.66	119.35	30.06
Operating Cash Flow Growth	1.82%	67.17%	-45.82%	297.06%	-68.42%
Capital Expenditures	-10.91	-17.23	-22.93	-41.09	-112.24
Sale of Property, Plant & Equipment	1.28	-	-	-	23
Investment in Securities	-	-41.83	-140	18.09	224.24
Other Investing Activities	-14.66	-138.73	0.4	0.77	-245.56
Investing Cash Flow	-24.3	-197.79	-162.53	-22.23	-110.56
Long-Term Debt Issued	1	9.72	0.8	1	0.5
Total Debt Issued	1	9.72	0.8	1	0.5
Long-Term Debt Repaid	-2.44	-1.5	-0.5	-1.5	-0.5
Total Debt Repaid	-2.44	-1.5	-0.5	-1.5	-0.5
Net Debt Issued (Repaid)	-1.44	8.22	0.3	-0.5	-
Common Dividends Paid	-20.92	-17.06	-14.11	-28.81	-15.9
Other Financing Activities	-	-	-2.39	-	-
Financing Cash Flow	-22.37	-8.85	-16.21	-29.31	-15.9
Foreign Exchange Rate Adjustments	0.31	0.89	0.41	1.13	-0.28
Net Cash Flow	63.71	-97.66	-113.68	68.93	-96.68
Free Cash Flow	99.14	90.86	41.72	78.26	-82.18
Free Cash Flow Growth	9.12%	117.76%	-46.68%	-	-
Free Cash Flow Margin	10.08%	8.60%	4.49%	7.82%	-7.22%
Free Cash Flow Per Share	0.68	0.69	0.32	0.59	-0.63
Cash Income Tax Paid	27.5	23.5	20.35	20.29	14.22
Levered Free Cash Flow	-29.59	66.51	4.05	43.44	-148.98
Unlevered Free Cash Flow	-29.59	76.83	14.45	53.57	-139.37
Change in Working Capital	-6.76	-7.5	-30.38	36.04	-70.88

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