SHA:603458 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	-394.92	-306.51	56.59	161.95	337.94
Depreciation & Amortization	40.55	45.19	55	56.76	58.77
Other Amortization	2.37	5.67	3.01	3.39	4.07
Loss (Gain) From Sale of Assets	1.96	0.86	0.04	-0.43	0.5
Asset Writedown & Restructuring Costs	49.55	14.11	0.36	0.2	0.06
Loss (Gain) From Sale of Investments	-11.09	-13.54	-53.31	-26.69	-26.74
Provision & Write-off of Bad Debts	-	301.88	210.91	107.36	295.41
Other Operating Activities	421.66	128.84	154.11	154.97	84.07
Change in Accounts Receivable	77.14	357.39	344.18	-191.37	-830.6
Change in Inventory	-17.03	72.85	24.04	-48.15	67.93
Change in Accounts Payable	69.7	-321.23	-314.86	30.32	171.79
Change in Other Net Operating Assets	6.09	-	-	-9.3	11.27
Operating Cash Flow	184.23	229.17	439.84	216.31	139.88
Operating Cash Flow Growth	-19.61%	-47.90%	103.34%	54.64%	-44.13%
Capital Expenditures	-29.63	-19.27	-33.82	-37.59	-28.97
Sale of Property, Plant & Equipment	0.83	2.08	0.85	0.81	0.89
Cash Acquisitions	-	-	-	-13.5	-16.4
Investment in Securities	-15.9	49.23	47.59	-7.21	183.65
Other Investing Activities	0.84	3.68	26.67	9.37	21.25
Investing Cash Flow	-43.86	35.71	41.29	-48.12	160.42
Long-Term Debt Issued	1,054	1,367	1,493	1,505	1,936
Total Debt Issued	1,054	1,367	1,493	1,505	1,936
Short-Term Debt Repaid	-	-	-	-	-103.47
Long-Term Debt Repaid	-1,243	-1,526	-1,882	-1,620	-1,595
Total Debt Repaid	-1,243	-1,526	-1,882	-1,620	-1,698
Net Debt Issued (Repaid)	-188.86	-158.66	-388.49	-114.84	237.69
Repurchase of Common Stock	-	-30.01	-11.1	-	-0.38
Common Dividends Paid	-41.51	-81.21	-111.07	-183.78	-232.67
Other Financing Activities	-19.21	3	-	-2.12	0.22
Financing Cash Flow	-249.58	-266.88	-510.66	-300.74	4.86
Foreign Exchange Rate Adjustments	-0.02	-0.18	-0.05	0.03	-0.66
Net Cash Flow	-109.22	-2.18	-29.58	-132.52	304.5
Free Cash Flow	154.6	209.9	406.02	178.72	110.91
Free Cash Flow Growth	-26.34%	-48.30%	127.18%	61.14%	-49.27%
Free Cash Flow Margin	11.53%	13.95%	20.09%	8.29%	3.65%
Free Cash Flow Per Share	0.51	0.68	1.29	0.57	0.35
Cash Income Tax Paid	77.27	155.68	110.78	190.68	243.1
Levered Free Cash Flow	519.4	34.57	359.37	45.27	-209
Unlevered Free Cash Flow	519.4	75.14	396.19	91.75	-162.92
Change in Working Capital	74.16	52.68	13.12	-241.21	-614.21

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