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 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	82.85	76.63	57.76	14.38	-50.41	36.94
Depreciation & Amortization	56.85	56.85	56.73	55.61	48.36	31.74
Loss (Gain) From Sale of Assets	0.02	0.02	-1.02	-0.03	0.03	-0.04
Asset Writedown & Restructuring Costs	-	-	-	-	18.15	7.57
Loss (Gain) From Sale of Investments	-10.68	-10.68	-8.76	-12.83	-18.26	-21.05
Provision & Write-off of Bad Debts	-0.15	-0.15	-0.13	0.06	0.12	-0.18
Other Operating Activities	2.8	6.63	12.46	3.29	-0.01	0
Change in Accounts Receivable	-25.49	-25.49	19.21	-29.59	81.47	4.17
Change in Inventory	36.92	36.92	-110.61	79.4	-64.95	-74.39
Change in Accounts Payable	-64.85	-64.85	-41.2	-12.03	-58.8	130.34
Operating Cash Flow	85.81	83.42	-13.79	94.01	-60.78	114.11
Operating Cash Flow Growth	-41.76%	-	-	-	-	-28.96%
Capital Expenditures	-13	-19.27	-33.5	-38.92	-17.25	-260.87
Sale of Property, Plant & Equipment	0.14	0.16	1.67	0.1	0.06	0.05
Investment in Securities	50	-100	-130	60	53	67
Other Investing Activities	10.19	9.37	8.76	12.92	16.56	21.05
Investing Cash Flow	47.33	-109.74	-153.08	34.1	52.37	-172.76
Short-Term Debt Issued	-	212.35	181.9	159.98	5.25	-
Total Debt Issued	221.88	212.35	181.9	159.98	5.25	-
Short-Term Debt Repaid	-	-212.35	-181.9	-165.23	-	-
Total Debt Repaid	-220.73	-212.35	-181.9	-165.23	-	-
Net Debt Issued (Repaid)	1.15	-	-	-5.25	5.25	-
Repurchase of Common Stock	-0.04	-0.04	-22.09	-7.99	-	-
Common Dividends Paid	-47.44	-47.44	-32.35	-16.65	-35.68	-17.84
Other Financing Activities	1.41	0.19	30.07	23.14	3.22	-12.48
Financing Cash Flow	-44.92	-47.3	-24.37	-6.75	-27.21	-30.33
Foreign Exchange Rate Adjustments	-	-	0	-0	0.01	-0
Net Cash Flow	88.22	-73.61	-191.24	121.36	-35.6	-88.98
Free Cash Flow	72.8	64.15	-47.29	55.09	-78.02	-146.75
Free Cash Flow Growth	-35.63%	-	-	-	-	-
Free Cash Flow Margin	4.33%	3.87%	-2.82%	3.45%	-7.32%	-13.69%
Free Cash Flow Per Share	0.34	0.30	-0.22	0.27	-0.36	-0.67
Cash Income Tax Paid	33.22	30.95	8.34	22.89	-3.98	-13.97
Levered Free Cash Flow	33.54	38.75	-36.54	40.89	-94.93	-198.52
Unlevered Free Cash Flow	33.56	38.77	-36.54	40.89	-94.93	-198.52
Change in Working Capital	-45.89	-45.89	-130.83	33.53	-58.75	59.14

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