SHA:603335 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	48.48	-144.82	-148.78	-38.44	33.34
Depreciation & Amortization	72.75	76.9	67.88	62.65	47.93
Other Amortization	9.47	14.38	12.48	7.63	5.6
Loss (Gain) From Sale of Assets	-88.16	-34.34	-1.24	-1.5	-0.63
Asset Writedown & Restructuring Costs	0.01	17.51	1.65	4.14	8.94
Loss (Gain) From Sale of Investments	-94.29	-0.63	0.04	14.48	-0.44
Provision & Write-off of Bad Debts	3.24	3.64	5.68	0.63	2.26
Other Operating Activities	16.46	29.3	29.1	40.41	38.77
Change in Accounts Receivable	-81.91	-13.04	-64.99	-138.12	-98.2
Change in Inventory	-32.97	12.66	156.99	-154.32	-95.44
Change in Accounts Payable	183.07	58.76	-61.37	100.82	44.04
Operating Cash Flow	60.23	29.93	-64.75	-110.1	-15.8
Operating Cash Flow Growth	101.20%	-	-	-	-
Capital Expenditures	-20.01	-90.25	-141.32	-169.94	-138.97
Sale of Property, Plant & Equipment	65.33	73.52	4.89	1.04	0.48
Cash Acquisitions	-	-	-	-	-50.19
Divestitures	19.54	-	-	-	-
Investment in Securities	-	-	1.63	0.41	-6.02
Other Investing Activities	-	0.02	3.9	-6.47	38.04
Investing Cash Flow	64.86	-16.71	-130.9	-174.96	-156.67
Short-Term Debt Issued	-	-	-	10.14	-
Long-Term Debt Issued	405.74	566.79	781.32	477.47	267.21
Total Debt Issued	405.74	566.79	781.32	487.6	267.21
Long-Term Debt Repaid	-567.87	-683.05	-558.54	-198.59	-118.14
Net Debt Issued (Repaid)	-162.13	-116.26	222.79	289.02	149.07
Common Dividends Paid	-19.95	-26.44	-29.52	-29.78	-27.03
Other Financing Activities	51.91	88.18	10.57	-55.95	-4.04
Financing Cash Flow	-130.17	-54.51	203.84	203.29	118
Foreign Exchange Rate Adjustments	-1.84	1.66	0.87	1.24	-0.36
Net Cash Flow	-6.92	-39.62	9.06	-80.53	-54.83
Free Cash Flow	40.21	-60.32	-206.07	-280.04	-154.77
Free Cash Flow Margin	4.09%	-5.77%	-12.21%	-16.70%	-11.87%
Free Cash Flow Per Share	0.09	-0.14	-0.48	-0.66	-0.37
Cash Interest Paid	-	-	-	4.45	-
Cash Income Tax Paid	5.22	5.28	1.78	10.14	5.3
Levered Free Cash Flow	-36.09	92.32	-132.46	-238.87	-218.23
Unlevered Free Cash Flow	-20.16	112.46	-109.46	-226.36	-211.06
Change in Working Capital	92.27	68	-31.56	-200.09	-151.55

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