SHA:603320 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	74.88	80.55	66.63	41.54	34.2	78.62
Depreciation & Amortization	41.89	41.89	40.39	39.54	31.54	23.49
Loss (Gain) From Sale of Assets	-0.84	-0.84	-	-	-	-15.88
Asset Writedown & Restructuring Costs	-0.92	-0.92	2.56	-0	-1.18	-0.28
Loss (Gain) From Sale of Investments	-2.44	-2.44	-2.59	-1.22	-0.58	-1.7
Provision & Write-off of Bad Debts	-1.88	-1.88	-0.1	0.4	1.38	0.71
Other Operating Activities	29.21	0.46	8.69	14.78	17.96	15.97
Change in Accounts Receivable	-5.83	-5.83	-0.66	8.75	-12.53	-118.88
Change in Inventory	22.38	22.38	-28.19	-45.78	72.17	-90.87
Change in Accounts Payable	-23.73	-23.73	21.44	7.44	-22.88	139.46
Operating Cash Flow	133.14	110.06	108.09	64.66	119.35	30.06
Operating Cash Flow Growth	29.07%	1.82%	67.17%	-45.82%	297.06%	-68.42%
Capital Expenditures	-7.81	-10.91	-17.23	-22.93	-41.09	-112.24
Sale of Property, Plant & Equipment	1.28	1.28	-	-	-	23
Investment in Securities	-17.16	-17.16	-181.83	-140	18.09	224.24
Other Investing Activities	151.09	2.5	1.27	0.4	0.77	-245.56
Investing Cash Flow	127.4	-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	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	-1	-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	-20.91	-20.92	-17.06	-14.11	-28.81	-15.9
Other Financing Activities	-	-	-	-2.39	-	-
Financing Cash Flow	-20.91	-22.37	-8.85	-16.21	-29.31	-15.9
Foreign Exchange Rate Adjustments	-0.46	0.31	0.89	0.41	1.13	-0.28
Net Cash Flow	239.16	63.71	-97.66	-113.68	68.93	-96.68
Free Cash Flow	125.33	99.14	90.86	41.72	78.26	-82.18
Free Cash Flow Growth	43.74%	9.12%	117.76%	-46.68%	-	-
Free Cash Flow Margin	12.85%	10.08%	8.60%	4.49%	7.82%	-7.22%
Free Cash Flow Per Share	0.84	0.68	0.69	0.32	0.59	-0.63
Cash Income Tax Paid	25.8	27.5	23.5	20.35	20.29	14.22
Levered Free Cash Flow	55.88	85.31	66.51	4.05	43.44	-148.98
Unlevered Free Cash Flow	57.03	86.46	76.83	14.45	53.57	-139.37
Change in Working Capital	-6.76	-6.76	-7.5	-30.38	36.04	-70.88

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