SHA:603357 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	365.72	513.1	488.29	442.84	388.32
Depreciation & Amortization	46.51	40.92	45.92	30.13	27.04
Other Amortization	3.83	10.91	9.24	5.57	3.14
Loss (Gain) From Sale of Assets	0	0.07	0.25	-0.18	-0.02
Asset Writedown & Restructuring Costs	87.51	-	-	-	-
Loss (Gain) From Sale of Investments	-23.34	-17.14	38.87	-9.66	-23.87
Provision & Write-off of Bad Debts	-5.13	122.15	101.92	64.47	63.93
Other Operating Activities	18.93	11.74	-3.64	-5.53	16.3
Change in Accounts Receivable	57.81	-825.4	-923.07	-722.52	-343.65
Change in Inventory	-0.25	-0.22	-0.19	-0.1	-0.05
Change in Accounts Payable	-	-5.35	516.1	670.82	49.34
Change in Other Net Operating Assets	-150.25	17.17	29.48	18.68	-
Operating Cash Flow	390.62	-148.61	273.32	484.34	170.13
Operating Cash Flow Growth	-	-	-43.57%	184.69%	-57.96%
Capital Expenditures	-23.04	-23.06	-98.51	-245.87	-148.41
Sale of Property, Plant & Equipment	1.03	0.33	0.59	0.21	0.05
Investment in Securities	-6.2	-10.96	69.47	-285.08	99.61
Other Investing Activities	19.17	19.49	32.4	4.91	10.01
Investing Cash Flow	-9.04	-14.21	3.96	-525.82	-38.74
Short-Term Debt Issued	899	500	300	150	-
Total Debt Issued	899	500	300	150	-
Short-Term Debt Repaid	-800	-300	-150	-	-
Long-Term Debt Repaid	-	-8.04	-10.61	-5.85	-4.02
Total Debt Repaid	-800	-308.04	-160.61	-5.85	-4.02
Net Debt Issued (Repaid)	99	191.96	139.39	144.15	-4.02
Issuance of Common Stock	0.96	-	-	77.94	-
Repurchase of Common Stock	-	-0.8	-	-	-
Common Dividends Paid	-210.52	-207.41	-252.74	-216.21	-113.64
Other Financing Activities	-12.37	1	0.98	47.2	-
Financing Cash Flow	-122.93	-15.25	-112.36	53.08	-117.66
Net Cash Flow	258.65	-178.07	164.92	11.6	13.73
Free Cash Flow	367.58	-171.67	174.81	238.48	21.72
Free Cash Flow Growth	-	-	-26.70%	998.08%	-92.90%
Free Cash Flow Margin	14.57%	-4.86%	5.16%	8.52%	0.92%
Free Cash Flow Per Share	0.66	-0.32	0.32	0.44	0.04
Cash Income Tax Paid	-	184.41	132.4	129.64	151.13
Levered Free Cash Flow	225.24	-383.47	-41.38	187.82	-79.97
Unlevered Free Cash Flow	233.17	-377.02	-38.03	188.72	-79.82
Change in Working Capital	-103.41	-830.35	-407.54	-43.31	-304.71

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