SHA:603669 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	-193.24	-130.76	-151.5	-195.86	65.9
Depreciation & Amortization	32.93	31.19	46.31	45.32	43.1
Other Amortization	3.51	8.63	3.7	4.63	5.61
Loss (Gain) From Sale of Assets	-3.53	-0.08	-0.08	-0.45	0.01
Asset Writedown & Restructuring Costs	42.84	32.39	8.39	9.01	1.76
Loss (Gain) From Sale of Investments	2.41	14.59	14.53	8.12	-16.86
Provision & Write-off of Bad Debts	-	18.77	10.05	6.94	0.27
Other Operating Activities	20.28	-4.93	3.71	5.69	17.81
Change in Accounts Receivable	6.32	-201.43	4.81	46.64	42.65
Change in Inventory	-59.64	26.26	-17.34	1.55	15.83
Change in Accounts Payable	-26.01	92.93	39.85	-4.71	-45.06
Change in Other Net Operating Assets	41.74	-	-	-	-
Operating Cash Flow	-132.87	-110.89	-37.87	-66.36	128.5
Operating Cash Flow Growth	-	-	-	-	1.33%
Capital Expenditures	-2.68	-8.85	-23.13	-42.84	-54.82
Sale of Property, Plant & Equipment	7.01	2.07	0.18	2.62	0.01
Investment in Securities	9.7	359.47	-44.56	159.33	-396.76
Other Investing Activities	18.44	13.1	15.61	12.43	18.72
Investing Cash Flow	32.46	365.79	-51.9	131.54	-432.85
Short-Term Debt Issued	-	-	-	205.11	480
Long-Term Debt Issued	15	-	117.35	-	6.7
Total Debt Issued	15	-	117.35	205.11	486.7
Short-Term Debt Repaid	-	-	-	-545	-599.57
Long-Term Debt Repaid	-	-324.73	-208.44	-2.29	-4.28
Total Debt Repaid	-	-324.73	-208.44	-547.29	-603.85
Net Debt Issued (Repaid)	15	-324.73	-91.09	-342.18	-117.14
Repurchase of Common Stock	-	-1.65	-52.11	-56.26	-
Common Dividends Paid	-6.59	-5.73	-8.08	-80.13	-159.21
Other Financing Activities	-2.07	10.04	-7.71	5.23	-2.54
Financing Cash Flow	6.34	-322.08	-158.99	-473.35	-278.89
Net Cash Flow	-94.06	-67.18	-248.76	-408.16	-583.24
Free Cash Flow	-135.55	-119.74	-61.01	-109.2	73.69
Free Cash Flow Growth	-	-	-	-	13.60%
Free Cash Flow Margin	-42.03%	-31.53%	-30.99%	-37.75%	9.95%
Free Cash Flow Per Share	-0.19	-0.17	-0.09	-0.15	0.10
Cash Income Tax Paid	15.24	7.92	13.43	21.39	82.51
Levered Free Cash Flow	-107.88	-113.77	-35.79	-56	-163.69
Unlevered Free Cash Flow	-107.88	-96.66	-33.48	-52.35	-154
Change in Working Capital	-38.05	-80.68	27.01	50.25	10.9

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