SHA:603757 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	255.29	285.4	260.76	147.22
Depreciation & Amortization	57.43	49.18	45.08	39.38
Other Amortization	1.03	-	-	-
Loss (Gain) From Sale of Assets	-38.23	0.14	-0.02	0.04
Asset Writedown & Restructuring Costs	-0.01	0.66	0.64	0.27
Loss (Gain) From Sale of Investments	-4.57	-0.06	-1.48	-4.48
Provision & Write-off of Bad Debts	10.71	5.46	8.46	5.26
Other Operating Activities	15.57	10.01	-9.02	6.31
Change in Accounts Receivable	-169.8	-45.28	-92.23	-62.56
Change in Inventory	26.5	-6.76	-52.89	-42.43
Change in Accounts Payable	159.64	21.35	103.05	58.25
Change in Other Net Operating Assets	0.5	13.13	10.81	16.7
Operating Cash Flow	309.2	331.18	270.29	162.74
Operating Cash Flow Growth	-6.64%	22.53%	66.08%	4.51%
Capital Expenditures	-251.46	-179.63	-235.34	-199.72
Sale of Property, Plant & Equipment	132.96	0.74	4.77	0.66
Investment in Securities	-403.96	-4.94	49.48	65.85
Other Investing Activities	-	2	-	-
Investing Cash Flow	-522.47	-181.83	-181.1	-133.21
Short-Term Debt Issued	-	-	450	2
Total Debt Issued	-	-	450	2
Short-Term Debt Repaid	-	-	-	-2
Long-Term Debt Repaid	-	-0.5	-	-
Total Debt Repaid	-	-0.5	-	-2
Net Debt Issued (Repaid)	-	-0.5	450	-
Issuance of Common Stock	-	-	-	8.74
Repurchase of Common Stock	-31.68	-10.66	-13.55	-0.75
Common Dividends Paid	-247.65	-151.89	-58.39	-167.58
Other Financing Activities	-2.7	10	-5.2	-
Financing Cash Flow	-282.03	-153.05	372.85	-159.59
Foreign Exchange Rate Adjustments	5.89	5.02	12.14	-3.92
Net Cash Flow	-489.41	1.32	474.18	-133.97
Free Cash Flow	57.74	151.55	34.95	-36.98
Free Cash Flow Growth	-61.90%	333.59%	-	-
Free Cash Flow Margin	3.02%	8.06%	2.08%	-2.49%
Free Cash Flow Per Share	0.33	0.85	0.21	-0.22
Cash Interest Paid	2.7	-	-	-
Cash Income Tax Paid	29.89	41.86	10.82	2.3
Levered Free Cash Flow	63.22	76.28	-49.74	-81.13
Unlevered Free Cash Flow	76.13	85.05	-49.04	-80.96
Change in Working Capital	11.97	-19.61	-34.13	-31.26

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.