SHA:603716 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	-240.46	-209.24	-158.57	-153.73	-49.51	57.56
Depreciation & Amortization	50.99	50.99	74.71	84.35	96.28	76.59
Other Amortization	11.59	11.59	9.7	23.22	19.58	21.39
Loss (Gain) From Sale of Assets	-7.62	-7.62	2.54	0.02	-0.4	0.16
Asset Writedown & Restructuring Costs	24.18	24.18	35.91	19.18	0.72	0.47
Loss (Gain) From Sale of Investments	68.01	68.01	11.3	31.8	25.66	-0.75
Provision & Write-off of Bad Debts	-38.53	-38.53	28.17	91.54	62.11	21.46
Other Operating Activities	83.96	77.83	129.87	64.36	110.78	100.25
Change in Accounts Receivable	65.62	65.62	5.19	-171.05	-457.83	-445.06
Change in Inventory	15.44	15.44	79.15	42.89	-61.16	-53.14
Change in Accounts Payable	11.43	11.43	-16.88	39.91	151.89	237.63
Change in Other Net Operating Assets	-	-	-	-4.58	-2.64	10.21
Operating Cash Flow	74.5	99.6	125.89	28.12	-133.52	9.94
Operating Cash Flow Growth	175.77%	-20.89%	347.65%	-	-	-89.41%
Capital Expenditures	-14.73	-23.21	-40.83	-54.64	-60.19	-127.7
Sale of Property, Plant & Equipment	0.38	0.54	0.31	0.24	14.44	0.17
Cash Acquisitions	-	-	-	-	-	0.25
Divestitures	58.13	27.49	-4.94	-16.73	2.65	3.19
Investment in Securities	-23.95	-12.49	49.12	121.62	-77.63	-164.98
Other Investing Activities	1.05	0	11.52	109.22	6	0.1
Investing Cash Flow	20.87	-7.67	15.19	159.71	-114.72	-288.98
Long-Term Debt Issued	-	443.05	892.36	1,235	1,112	1,994
Long-Term Debt Repaid	-	-516.38	-1,075	-1,494	-962.8	-1,516
Net Debt Issued (Repaid)	-163.6	-73.33	-182.17	-259.4	149.39	478.43
Issuance of Common Stock	-	-	-	1.59	-	-
Repurchase of Common Stock	-29.72	-29.72	-	-	-50.27	-
Common Dividends Paid	-17.27	-59.88	-38.8	-52.25	-49.52	-59.31
Other Financing Activities	1.26	14.66	6.66	-6.58	11.78	21.83
Financing Cash Flow	-209.33	-148.27	-214.31	-316.64	61.39	440.95
Foreign Exchange Rate Adjustments	-0.04	0	-0.04	0.03	-0.03	-
Net Cash Flow	-114	-56.35	-73.26	-128.78	-186.88	161.92
Free Cash Flow	59.77	76.39	85.06	-26.52	-193.71	-117.76
Free Cash Flow Growth	-	-10.20%	-	-	-	-
Free Cash Flow Margin	4.79%	4.22%	4.24%	-1.15%	-7.45%	-5.54%
Free Cash Flow Per Share	0.31	0.40	0.44	-0.14	-0.98	-0.59
Cash Income Tax Paid	83.07	96.78	110.37	150.82	139.56	128.93
Levered Free Cash Flow	332.2	231.71	375.96	236.34	-184.22	-321.74
Unlevered Free Cash Flow	358.3	267.76	423.58	298.07	-132.49	-285.66
Change in Working Capital	122.38	122.38	-7.73	-132.63	-398.76	-267.2

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