SHA:603586 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	136.37	92.17	133.21	193.26	-50.72
Depreciation & Amortization	90	108.15	114.79	116.98	110.83
Other Amortization	1.38	-	-	-	-
Loss (Gain) From Sale of Assets	0.03	-0.41	-0.14	-2.51	-0.18
Asset Writedown & Restructuring Costs	-0.03	0.11	-	0.48	0.45
Loss (Gain) From Sale of Investments	-48.2	-6.52	22.09	1.36	94.07
Provision & Write-off of Bad Debts	-13.11	8.91	0.62	7.63	4.41
Other Operating Activities	22.27	16.37	23.58	83.99	34.38
Change in Accounts Receivable	258.38	-179.73	12.34	-176.36	-43.64
Change in Inventory	-12.76	-60.97	-17.03	13.8	-118.37
Change in Accounts Payable	-67.68	73.03	-83.23	-127.68	80.35
Change in Other Net Operating Assets	-1.42	-1.71	-	-	-
Operating Cash Flow	365.59	42.28	218.39	125	82.95
Operating Cash Flow Growth	764.68%	-80.64%	74.72%	50.69%	-76.37%
Capital Expenditures	-48.29	-47.2	-44.72	-34.1	-87.71
Sale of Property, Plant & Equipment	0.25	0	11.78	0.38	0.38
Investment in Securities	-11.19	2.48	8.39	11.68	59.62
Other Investing Activities	32.88	24.56	0.4	6.85	-112.25
Investing Cash Flow	-26.35	-20.15	-24.16	-15.2	-139.95
Long-Term Debt Issued	30	100.39	90	160	420
Long-Term Debt Repaid	-80	-90	-310	-270	-150
Net Debt Issued (Repaid)	-50	10.39	-220	-110	270
Repurchase of Common Stock	-	-	-	-8.93	-1.38
Common Dividends Paid	-100.54	-91.04	-103.19	-12.3	-149.16
Other Financing Activities	1.62	-1.39	-1.09	51.35	-47.88
Financing Cash Flow	-148.91	-82.05	-324.28	-79.88	71.58
Foreign Exchange Rate Adjustments	9.55	3.7	3.25	88.86	-5.14
Net Cash Flow	199.87	-56.21	-126.79	118.77	9.43
Free Cash Flow	317.3	-4.92	173.68	90.9	-4.76
Free Cash Flow Growth	-	-	91.07%	-	-
Free Cash Flow Margin	17.95%	-0.28%	10.83%	4.97%	-0.34%
Free Cash Flow Per Share	1.63	-0.03	0.89	0.46	-0.02
Cash Income Tax Paid	-23.36	-37.89	-29.59	-77.46	-77.12
Levered Free Cash Flow	311.32	-20.27	140.75	30.92	-66.5
Unlevered Free Cash Flow	312.92	-18.42	144.07	38.84	-59.97
Change in Working Capital	176.88	-176.5	-75.75	-276.18	-110.3

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