SHA:603506 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	116.05	21.91	185.77	145.48	162.77	137.87
Depreciation & Amortization	26.81	26.81	27.84	30.98	28.22	7.66
Other Amortization	22.3	22.3	7.51	9.05	19.46	9.59
Loss (Gain) From Sale of Assets	-2.93	-2.93	-0.1	-2.37	-0.02	0.18
Asset Writedown & Restructuring Costs	22.02	22.02	6.39	0.03	16.48	0.01
Loss (Gain) From Sale of Investments	41.18	41.18	-140.07	-28.1	-42.03	-23.2
Provision & Write-off of Bad Debts	22.18	22.18	16.18	35.56	16.03	13.27
Other Operating Activities	-115.18	16.65	16.57	15.91	11.72	7.57
Change in Accounts Receivable	-15.47	-15.47	-34.28	-160.94	-96.51	-77.74
Change in Inventory	-0.75	-0.75	-3.52	-2.08	-1.23	2.11
Change in Accounts Payable	53.82	53.82	74.06	118.14	78.85	50.28
Operating Cash Flow	140.83	178.52	185.35	156.09	191.03	124.67
Operating Cash Flow Growth	9.74%	-3.69%	18.75%	-18.29%	53.23%	-35.30%
Capital Expenditures	-12.16	-11.56	-4.8	-13.51	-10.67	-22.97
Sale of Property, Plant & Equipment	0.31	0.02	0.57	0.26	0.03	0.28
Cash Acquisitions	0.05	-	-	-93.39	-0	-
Divestitures	-0.27	-	-	-	-	-
Investment in Securities	-252.58	190.33	-261.45	-223.75	15.43	2.15
Other Investing Activities	16.94	36.67	11.29	19.34	275.02	-88.17
Investing Cash Flow	-247.71	215.46	-254.4	-311.04	279.81	-108.71
Short-Term Debt Issued	-	-	161	-	-	-
Total Debt Issued	87	-	161	-	-	-
Short-Term Debt Repaid	-	-161	-	-	-	-
Long-Term Debt Repaid	-	-17.33	-23.02	-23.91	-25.71	-
Total Debt Repaid	-17.19	-178.33	-23.02	-23.91	-25.71	-
Net Debt Issued (Repaid)	69.81	-178.33	137.98	-23.91	-25.71	-
Repurchase of Common Stock	-20.08	-20.08	-	-	-	-
Common Dividends Paid	-0.14	-67.29	-60.28	-65.11	-41.38	-34.89
Other Financing Activities	19.72	-4.73	-9.43	-0.76	-5.01	-4.88
Financing Cash Flow	69.32	-270.43	68.27	-89.77	-72.1	-39.77
Net Cash Flow	-37.55	123.55	-0.78	-244.72	398.73	-23.81
Free Cash Flow	128.68	166.96	180.55	142.58	180.36	101.7
Free Cash Flow Growth	2.15%	-7.53%	26.63%	-20.94%	77.35%	-38.24%
Free Cash Flow Margin	7.00%	9.25%	9.75%	7.72%	11.32%	7.20%
Free Cash Flow Per Share	0.71	0.92	0.96	0.76	0.96	0.54
Cash Income Tax Paid	99.87	89.63	96.12	145.84	94.51	84.19
Levered Free Cash Flow	197.58	169.32	159.48	157.58	420.72	-213.85
Unlevered Free Cash Flow	197.58	170.64	160.9	157.58	423.71	-213.85
Change in Working Capital	8.4	8.4	65.27	-50.46	-21.59	-28.27

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