SHA:603712 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	-427.62	-248.82	439.79	774.92	697.56	523.08
Depreciation & Amortization	84.66	84.66	85.03	85.16	73.4	47.51
Other Amortization	10.01	10.01	2.91	1.76	12.89	6.74
Loss (Gain) From Sale of Assets	0.5	0.5	-0.12	-0.21	-6.55	-0.18
Asset Writedown & Restructuring Costs	-0.04	-0.04	0.13	0.03	0.02	0.05
Loss (Gain) From Sale of Investments	-20.06	-20.06	-30.31	0.51	-36.89	-14.15
Provision & Write-off of Bad Debts	122.67	122.67	62.87	45.15	15.94	2.56
Other Operating Activities	263.56	94.34	52.8	18.27	17.85	16.25
Change in Accounts Receivable	64.5	64.5	-298.22	-862.49	-593.2	-481.46
Change in Inventory	466	466	370.75	193	-840.47	-454.19
Change in Accounts Payable	-492.31	-492.31	-665.96	-197.22	1,037	1,163
Operating Cash Flow	-88.3	-78.73	-37.16	44.86	342.61	803.86
Operating Cash Flow Growth	-	-	-	-86.91%	-57.38%	263.35%
Capital Expenditures	-24.35	-36.05	-99	-114.34	-162.89	-60.04
Sale of Property, Plant & Equipment	0.51	0.52	0.01	0.02	0	0.01
Investment in Securities	208.78	-397.6	93.86	60	-420	-159.49
Other Investing Activities	1.82	0.25	0.25	13.92	25.93	-
Investing Cash Flow	186.75	-432.89	-4.87	-40.4	-556.96	-219.52
Long-Term Debt Issued	-	330	650	1,016	111.8	270
Long-Term Debt Repaid	-	-316.48	-378.75	-479.76	-195.34	-470
Net Debt Issued (Repaid)	223.52	13.52	271.25	536.24	-83.54	-200
Common Dividends Paid	-24.56	-72.52	-106.25	-89.03	-85.68	-77.2
Other Financing Activities	-1.13	-3.18	2.42	35.77	0.02	-14.88
Financing Cash Flow	197.83	-62.19	167.42	482.97	-169.2	-292.08
Foreign Exchange Rate Adjustments	0.06	0.05	0.04	0.22	-0.06	-0.17
Net Cash Flow	296.33	-573.75	125.43	487.65	-383.61	292.09
Free Cash Flow	-112.66	-114.78	-136.15	-69.48	179.72	743.82
Free Cash Flow Growth	-	-	-	-	-75.84%	391.47%
Free Cash Flow Margin	-6.49%	-5.33%	-4.17%	-1.72%	5.21%	27.59%
Free Cash Flow Per Share	-0.13	-0.15	-0.18	-0.09	0.23	0.97
Cash Interest Paid	-	-	-	-	-	14.9
Cash Income Tax Paid	72.57	54.54	63.12	40.25	78.44	40.29
Levered Free Cash Flow	58.95	-33.68	-367.9	-392.93	-105.72	523.57
Unlevered Free Cash Flow	74.66	-16.72	-353.6	-384.13	-98.83	532.89
Change in Working Capital	-121.99	-121.99	-650.27	-880.76	-431.59	221.97

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