SHA:603519 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	166.9	158.99	639.82	564.58	109.85	95.64
Depreciation & Amortization	9.99	9.99	10.28	13.29	14.82	12.8
Other Amortization	0.03	0.03	-	-	-	-
Loss (Gain) From Sale of Assets	-0.31	-0.31	-0.05	-	-0.01	0.02
Asset Writedown & Restructuring Costs	0	0	-	-	0.03	-
Loss (Gain) From Sale of Investments	-4.6	-4.6	-625.94	-532.27	4.56	0.97
Provision & Write-off of Bad Debts	1.14	1.14	5.05	-1.04	-3.24	3.55
Other Operating Activities	217.21	-6.59	-1.25	-6.43	3.5	2.99
Change in Accounts Receivable	167.34	167.34	-38.25	-34.13	144.09	-154.34
Change in Inventory	-39.2	-39.2	-5.82	45.01	-12.57	-21.67
Change in Accounts Payable	-186.87	-186.87	152.7	11.76	-193.43	185.27
Change in Other Net Operating Assets	-0.24	-0.24	-0.24	-0.32	-0.36	-0.36
Operating Cash Flow	330.03	98.32	56.49	139.93	67.63	124.73
Operating Cash Flow Growth	-	74.05%	-59.63%	106.91%	-45.78%	-51.33%
Capital Expenditures	-2.11	-1.36	-7.31	-0.62	-8.54	-11.69
Sale of Property, Plant & Equipment	0.07	0.43	0.06	-	0.05	0.05
Investment in Securities	-163.15	-218.72	61.72	-	-46.5	-48
Other Investing Activities	234.81	8.08	983.79	0.59	0.04	1.38
Investing Cash Flow	69.62	-211.56	1,038	-0.04	-54.95	-58.26
Short-Term Debt Issued	-	290	30	-	-	-
Total Debt Issued	40	290	30	-	-	-
Short-Term Debt Repaid	-	-320.34	-	-	-	-
Total Debt Repaid	-360.34	-320.34	-	-	-	-
Net Debt Issued (Repaid)	-320.34	-30.34	30	-	-	-
Repurchase of Common Stock	-20.42	-20.42	-11.32	-	-	-
Common Dividends Paid	-264.82	-264.53	-452.79	-106.53	-44.39	-66.58
Other Financing Activities	341.17	-	-	-	-	-
Financing Cash Flow	-264.41	-315.28	-434.12	-106.53	-44.39	-66.58
Foreign Exchange Rate Adjustments	3.63	6.46	-0.34	6.68	-2.81	-5.33
Net Cash Flow	138.87	-422.07	660.31	40.04	-34.52	-5.44
Free Cash Flow	327.92	96.97	49.18	139.31	59.08	113.04
Free Cash Flow Growth	-	97.16%	-64.70%	135.78%	-47.73%	-52.78%
Free Cash Flow Margin	19.14%	5.67%	3.23%	9.84%	3.72%	8.70%
Free Cash Flow Per Share	1.24	0.37	0.18	0.52	0.22	0.42
Cash Income Tax Paid	96.16	62.83	34.96	50.01	-4.27	11.28
Levered Free Cash Flow	288.04	42.36	-12.33	100.18	-77.6	184.11
Unlevered Free Cash Flow	288.68	42.81	-12.24	100.18	-77.6	185.2
Change in Working Capital	-60.33	-60.33	28.58	101.81	-61.88	8.77

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.