SHA:603332 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	54.21	57.76	14.38	-50.41	36.94	35.81
Depreciation & Amortization	56.73	56.73	55.61	48.36	31.74	33.97
Loss (Gain) From Sale of Assets	-1.02	-1.02	-0.03	0.03	-0.04	1.72
Asset Writedown & Restructuring Costs	-	-	-	18.15	7.57	2.64
Loss (Gain) From Sale of Investments	-8.76	-8.76	-12.83	-18.26	-21.05	-14.36
Provision & Write-off of Bad Debts	-0.13	-0.13	0.06	0.12	-0.18	-
Other Operating Activities	108	12.46	3.29	-0.01	0	0.01
Change in Accounts Receivable	19.21	19.21	-29.59	81.47	4.17	130.89
Change in Inventory	-110.61	-110.61	79.4	-64.95	-74.39	8.32
Change in Accounts Payable	-41.2	-41.2	-12.03	-58.8	130.34	-38.51
Operating Cash Flow	78.19	-13.79	94.01	-60.78	114.11	160.63
Operating Cash Flow Growth	245.14%	-	-	-	-28.96%	-47.17%
Capital Expenditures	-12.51	-33.5	-38.92	-17.25	-260.87	-151.48
Sale of Property, Plant & Equipment	0.13	1.67	0.1	0.06	0.05	0.84
Investment in Securities	-20	-130	60	53	67	-50
Other Investing Activities	10.09	8.76	12.92	16.56	21.05	14.36
Investing Cash Flow	-22.29	-153.08	34.1	52.37	-172.76	-186.28
Short-Term Debt Issued	-	181.9	159.98	5.25	-	-
Total Debt Issued	186.25	181.9	159.98	5.25	-	-
Short-Term Debt Repaid	-	-181.9	-165.23	-	-	-
Total Debt Repaid	-186.2	-181.9	-165.23	-	-	-
Net Debt Issued (Repaid)	0.05	-	-5.25	5.25	-	-
Repurchase of Common Stock	-22.09	-22.09	-7.99	-	-	-
Common Dividends Paid	-47.44	-32.35	-16.65	-35.68	-17.84	-71.36
Other Financing Activities	22.13	30.07	23.14	3.22	-12.48	17.33
Financing Cash Flow	-47.35	-24.37	-6.75	-27.21	-30.33	-54.04
Foreign Exchange Rate Adjustments	-	0	-0	0.01	-0	-0.01
Net Cash Flow	8.54	-191.24	121.36	-35.6	-88.98	-79.7
Free Cash Flow	65.68	-47.29	55.09	-78.02	-146.75	9.15
Free Cash Flow Growth	-	-	-	-	-	-96.28%
Free Cash Flow Margin	4.20%	-2.82%	3.45%	-7.32%	-13.69%	1.04%
Free Cash Flow Per Share	0.30	-0.22	0.27	-0.36	-0.67	0.04
Cash Income Tax Paid	14.53	8.34	22.89	-3.98	-13.97	25.33
Levered Free Cash Flow	80.07	-36.76	40.89	-94.93	-198.52	-34.19
Unlevered Free Cash Flow	80.07	-36.76	40.89	-94.93	-198.52	-34.19
Change in Working Capital	-130.83	-130.83	33.53	-58.75	59.14	100.84

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