SHA:603439 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	160.68	274.03	292.7	201.28	152.28	93.95
Depreciation & Amortization	74.86	74.86	36.9	16.19	11.17	8.11
Other Amortization	1.15	1.15	0.69	1.66	0.04	-
Loss (Gain) From Sale of Assets	0.17	0.17	-0.59	0.09	0.15	-
Asset Writedown & Restructuring Costs	0.57	0.57	0.05	0.18	0.01	-
Loss (Gain) From Sale of Investments	-1.96	-1.96	-55.16	-10.96	-17.87	-2.15
Provision & Write-off of Bad Debts	9.9	9.9	3.35	10.3	0.99	1.14
Other Operating Activities	105.96	31.51	10.89	-3.95	4.79	2.66
Change in Accounts Receivable	-295.56	-295.56	-124.07	-79.55	-83.04	-33.95
Change in Inventory	-147.99	-147.99	-7.06	-9.45	-41.13	5.83
Change in Accounts Payable	167.69	167.69	119.02	161.24	127.24	-12.27
Change in Other Net Operating Assets	0.15	0.15	4.14	6.3	0.76	-
Operating Cash Flow	68.17	107.07	276.7	293.29	155.04	63.25
Operating Cash Flow Growth	-62.89%	-61.30%	-5.66%	89.17%	145.13%	-45.59%
Capital Expenditures	-30.87	-45.2	-108.73	-119.91	-26.08	-51.71
Sale of Property, Plant & Equipment	0.54	0.55	2.05	0.18	0.05	-
Cash Acquisitions	-	-	-543.04	-160.04	-	-
Divestitures	-	-	-0.01	0.65	-	-
Investment in Securities	-240.4	-59.96	34.5	38	80.7	-241.9
Other Investing Activities	-31.48	1.61	1.45	1.92	-34.08	0.8
Investing Cash Flow	-302.21	-103	-613.78	-266.56	20.59	-292.81
Short-Term Debt Issued	-	-	-	-	200	300
Long-Term Debt Issued	-	351.22	504	205	-	-
Total Debt Issued	620.86	351.22	504	205	200	300
Short-Term Debt Repaid	-	-	-	-	-200	-100
Long-Term Debt Repaid	-	-309.7	-205.45	-200	-	-
Total Debt Repaid	-428.76	-309.7	-205.45	-200	-200	-100
Net Debt Issued (Repaid)	192.1	41.52	298.55	5	-	200
Issuance of Common Stock	15.03	39.23	-	-	26.55	261.51
Repurchase of Common Stock	-100.41	-100.41	-30	-	-	-
Common Dividends Paid	-160.8	-104.04	-50.92	-8.92	-110.21	-
Dividends Paid	-160.8	-104.04	-50.92	-8.92	-110.21	-
Other Financing Activities	16.52	23.12	120	3.8	2.2	-21.51
Financing Cash Flow	-37.57	-100.6	337.63	-0.12	-81.46	440
Net Cash Flow	-271.61	-96.53	0.55	26.6	94.17	210.44
Free Cash Flow	37.3	61.87	167.97	173.38	128.96	11.54
Free Cash Flow Growth	-72.85%	-63.16%	-3.12%	34.45%	1017.56%	-89.34%
Free Cash Flow Margin	2.15%	2.89%	10.27%	14.43%	13.73%	1.83%
Free Cash Flow Per Share	0.09	0.15	0.41	0.42	0.31	0.03
Cash Interest Paid	-	-	-	-	-	2.62
Cash Income Tax Paid	196.82	210.8	175.31	116.04	100.28	64.52
Levered Free Cash Flow	2.92	97.65	-36.78	127.68	54.78	-9.16
Unlevered Free Cash Flow	10.31	106.78	-34.2	130.96	59.99	-7.79
Change in Working Capital	-283.17	-283.17	-12.13	78.49	3.47	-40.47

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