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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	117.47	99.25	21.91	185.77	145.48	162.77
Depreciation & Amortization	27.09	27.09	26.98	27.84	30.98	28.22
Other Amortization	3.22	3.22	22.13	7.51	9.05	19.46
Loss (Gain) From Sale of Assets	-0.02	-0.02	-2.93	-0.1	-2.37	-0.02
Asset Writedown & Restructuring Costs	47.18	47.18	22.02	6.39	0.03	16.48
Loss (Gain) From Sale of Investments	-52.33	-52.33	41.18	-140.07	-28.1	-42.03
Provision & Write-off of Bad Debts	36.09	36.09	22.18	16.18	35.56	16.03
Other Operating Activities	-44	14.22	16.65	16.57	15.91	11.72
Change in Accounts Receivable	-113.65	-113.65	-15.47	-34.28	-160.94	-96.51
Change in Inventory	2.69	2.69	-0.75	-3.52	-2.08	-1.23
Change in Accounts Payable	30.16	30.16	53.82	74.06	118.14	78.85
Operating Cash Flow	65.17	105.16	178.52	185.35	156.09	191.03
Operating Cash Flow Growth	-69.58%	-41.09%	-3.69%	18.75%	-18.29%	53.23%
Capital Expenditures	-13.71	-9.24	-11.56	-4.8	-13.51	-10.67
Sale of Property, Plant & Equipment	0.84	0.98	0.02	0.57	0.26	0.03
Cash Acquisitions	-	-	-	-	-93.39	-0
Investment in Securities	-157.35	-295.3	190.33	-261.45	-223.75	15.43
Other Investing Activities	11.7	6.93	36.67	11.29	19.34	275.02
Investing Cash Flow	-158.51	-296.63	215.46	-254.4	-311.04	279.81
Short-Term Debt Issued	-	137	-	161	-	-
Total Debt Issued	187	137	-	161	-	-
Short-Term Debt Repaid	-	-57	-161	-	-	-
Long-Term Debt Repaid	-	-17.95	-17.33	-23.02	-23.91	-25.71
Total Debt Repaid	-104.95	-74.95	-178.33	-23.02	-23.91	-25.71
Net Debt Issued (Repaid)	82.05	62.05	-178.33	137.98	-23.91	-25.71
Repurchase of Common Stock	-30	-	-20.08	-	-	-
Common Dividends Paid	-1.2	-1.2	-67.29	-60.28	-65.11	-41.38
Other Financing Activities	-7.3	-7.11	-4.73	-9.43	-0.76	-5.01
Financing Cash Flow	43.55	53.74	-270.43	68.27	-89.77	-72.1
Net Cash Flow	-49.8	-137.73	123.55	-0.78	-244.72	398.73
Free Cash Flow	51.46	95.92	166.96	180.55	142.58	180.36
Free Cash Flow Growth	-74.56%	-42.55%	-7.53%	26.63%	-20.94%	77.35%
Free Cash Flow Margin	2.74%	5.15%	9.25%	9.75%	7.72%	11.32%
Free Cash Flow Per Share	0.28	0.52	0.92	0.96	0.76	0.96
Cash Income Tax Paid	85.54	98.25	89.63	96.12	145.84	94.51
Levered Free Cash Flow	40.24	96.85	169.32	159.48	157.58	420.72
Unlevered Free Cash Flow	41.02	97.64	170.64	160.9	157.58	423.71
Change in Working Capital	-69.53	-69.53	8.4	65.27	-50.46	-21.59

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