SHA:603378 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	-622.08	-329.28	60.18	105.73	-543.99	324.7
Depreciation & Amortization	168.93	168.93	144.23	110.1	79.43	67.17
Other Amortization	6.07	6.07	4.19	4.07	3.89	2.38
Loss (Gain) From Sale of Assets	-0.78	-0.78	-16.29	2.38	-0.17	2.81
Asset Writedown & Restructuring Costs	-5.6	-5.6	2.55	0.32	-19.25	3.78
Loss (Gain) From Sale of Investments	17.47	17.47	-2.68	-17.39	1.63	-6.87
Provision & Write-off of Bad Debts	126.64	126.64	185.82	250.1	386.14	109.28
Other Operating Activities	485.31	67.94	136.45	-17.59	481.5	43.37
Change in Accounts Receivable	9.52	9.52	111.9	334.63	-1,622	-1,539
Change in Inventory	85.48	85.48	3.43	45.37	-101.79	-65.24
Change in Accounts Payable	-543.1	-543.1	-141.78	-512.75	460.02	1,331
Change in Other Net Operating Assets	-3.49	-3.49	-19.64	37.46	45.99	-
Operating Cash Flow	-294.43	-419	437.63	324.27	-1,026	253.04
Operating Cash Flow Growth	-	-	34.96%	-	-	-40.73%
Capital Expenditures	-88.57	-166.98	-262.62	-453.79	-1,082	-241.46
Sale of Property, Plant & Equipment	56.13	82.75	45.76	54.95	2.69	0.16
Investment in Securities	10.28	6.51	0.12	3.13	-34.7	49.91
Other Investing Activities	-	0	-	-	-	-35.49
Investing Cash Flow	-22.16	-77.72	-216.74	-395.71	-1,114	-226.87
Long-Term Debt Issued	-	4,462	2,462	2,555	2,907	620.84
Long-Term Debt Repaid	-	-3,789	-2,597	-2,844	-1,242	-245.52
Net Debt Issued (Repaid)	70.15	672.77	-134.54	-289.26	1,665	375.33
Issuance of Common Stock	3.6	-	-	-	126.25	399.02
Repurchase of Common Stock	-50.03	-50.03	-7.86	-14.69	-101.38	-
Common Dividends Paid	-71.03	-98.58	-98.16	-57.93	-147.99	-60.43
Other Financing Activities	351.45	-	-	-	-	-124.3
Financing Cash Flow	304.15	524.16	-240.56	-361.88	1,542	589.62
Foreign Exchange Rate Adjustments	0	-0	0	0.01	-0	-0
Net Cash Flow	-12.45	27.43	-19.67	-433.31	-598.51	615.78
Free Cash Flow	-383	-585.98	175.01	-129.51	-2,108	11.58
Free Cash Flow Growth	-	-	-	-	-	-92.64%
Free Cash Flow Margin	-52.82%	-28.55%	5.63%	-4.17%	-44.71%	0.33%
Free Cash Flow Per Share	-0.96	-1.37	0.41	-0.29	-4.92	0.03
Cash Income Tax Paid	44.03	95	209.22	-3.3	319.2	270.19
Levered Free Cash Flow	-519.52	-161	162.36	-995.03	-529.42	-97.54
Unlevered Free Cash Flow	-451.19	-88.65	227.51	-936.89	-471.03	-70.44
Change in Working Capital	-470.39	-470.39	-76.81	-113.44	-1,415	-293.57

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