SHA:603359 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	-1,084	-630.12	-314.6	34.72	480.79
Depreciation & Amortization	15.61	16.25	20.76	22.88	18.33
Other Amortization	2.53	2.63	2.53	2.53	2.55
Loss (Gain) From Sale of Assets	0	0.03	-	0.01	-0.04
Asset Writedown & Restructuring Costs	370.94	-	-	0.07	0
Loss (Gain) From Sale of Investments	4.6	29.33	0.06	-0.63	-0.38
Provision & Write-off of Bad Debts	-	482.09	425.52	137.41	149.61
Other Operating Activities	657.03	36.45	28.56	18.67	3.73
Change in Accounts Receivable	632.05	183.25	484.68	-107.56	-1,285
Change in Inventory	0.49	694.6	-695.92	-402.51	-749.37
Change in Accounts Payable	-431.37	-717.87	-93.27	-296.19	994.81
Operating Cash Flow	167.66	96.63	-197.67	-604.5	-408.33
Operating Cash Flow Growth	73.51%	-	-	-	-
Capital Expenditures	-0.06	-0.03	-0.83	-2.13	-60.45
Sale of Property, Plant & Equipment	0.06	0	-	0.01	0.36
Divestitures	-	0.71	-	-	-
Investment in Securities	16.4	-0.06	-	1.15	76.77
Other Investing Activities	-	-	0.69	0	0.25
Investing Cash Flow	16.39	0.62	-0.14	-0.97	16.93
Long-Term Debt Issued	196.92	505	569.86	535	475
Total Debt Issued	196.92	505	569.86	535	475
Long-Term Debt Repaid	-378.76	-636.44	-624.35	-372.92	-2.02
Total Debt Repaid	-378.76	-636.44	-624.35	-372.92	-2.02
Net Debt Issued (Repaid)	-181.84	-131.44	-54.49	162.08	472.98
Issuance of Common Stock	-	-	-	-	15.22
Repurchase of Common Stock	-	-	-	-	-30.01
Common Dividends Paid	-39.69	-36.37	-40.34	-48.36	-67.31
Other Financing Activities	29.63	11.95	21	28.68	-41.03
Financing Cash Flow	-191.9	-155.86	-73.84	142.4	349.85
Net Cash Flow	-7.85	-58.62	-271.65	-463.07	-41.56
Free Cash Flow	167.59	96.59	-198.5	-606.63	-468.78
Free Cash Flow Growth	73.50%	-	-	-	-
Free Cash Flow Margin	59.03%	25.70%	-23.95%	-48.84%	-17.29%
Free Cash Flow Per Share	0.38	0.22	-0.46	-1.40	-1.05
Cash Income Tax Paid	9.16	26.22	26.47	109.99	83.54
Levered Free Cash Flow	1,088	-170.25	-624.32	-874.17	34.66
Unlevered Free Cash Flow	1,088	-150.83	-602.05	-857.8	37.13
Change in Working Capital	201.2	159.97	-360.49	-820.15	-1,063

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