SHA:603788 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	214.98	190.59	162.64	114.91	145.46
Depreciation & Amortization	44.25	33.54	31.56	32.24	29.01
Other Amortization	-	0.7	-	-	-
Loss (Gain) From Sale of Assets	-0.01	0.13	0.01	0.04	0.07
Asset Writedown & Restructuring Costs	5.08	-	-	9.57	-
Loss (Gain) From Sale of Investments	-16.94	-16.32	-7.17	-16.63	-11.68
Provision & Write-off of Bad Debts	-	3.5	8.19	7.03	3.22
Other Operating Activities	-0.77	8.23	4.74	2.88	1.75
Change in Accounts Receivable	-225.36	-138.09	-224.59	-29.77	42.95
Change in Inventory	9.46	-16.07	-10.15	-22.2	-12.86
Change in Accounts Payable	70.47	65.78	141.76	34.25	-42.21
Change in Other Net Operating Assets	-	-	-	-	5.03
Operating Cash Flow	101.88	126.38	102.23	132.27	160.26
Operating Cash Flow Growth	-19.38%	23.62%	-22.71%	-17.46%	-9.43%
Capital Expenditures	-72.95	-150.4	-141.46	-182.12	-19.51
Sale of Property, Plant & Equipment	0.12	0.15	0.03	0.01	0.03
Investment in Securities	186.84	-449.47	172.74	-156.47	-117.96
Other Investing Activities	4.48	1.99	-2	-	-
Investing Cash Flow	118.49	-597.74	29.31	-338.58	-137.45
Short-Term Debt Issued	-	109.12	15.2	-	-
Long-Term Debt Issued	100.75	-	-	-	-
Total Debt Issued	100.75	109.12	15.2	-	-
Long-Term Debt Repaid	-	-10.8	-10.02	-8.99	-8.99
Total Debt Repaid	-	-10.8	-10.02	-8.99	-8.99
Net Debt Issued (Repaid)	100.75	98.32	5.18	-8.99	-8.99
Common Dividends Paid	-156.15	-133.84	-111.53	-111.53	-133.84
Other Financing Activities	-12.17	-	-	-	0.4
Financing Cash Flow	-67.57	-35.52	-106.36	-120.52	-142.43
Foreign Exchange Rate Adjustments	0.01	-	-	-	-
Net Cash Flow	152.81	-506.88	25.18	-326.84	-119.61
Free Cash Flow	28.93	-24.03	-39.23	-49.85	140.75
Free Cash Flow Growth	-	-	-	-	-9.27%
Free Cash Flow Margin	1.83%	-1.65%	-3.10%	-4.81%	14.94%
Free Cash Flow Per Share	0.13	-0.11	-0.18	-0.23	0.63
Cash Income Tax Paid	119.48	108.84	73.71	72.7	69.49
Levered Free Cash Flow	-53.95	9.03	-84.95	-103.74	70.45
Unlevered Free Cash Flow	-53.95	10.12	-84.64	-103.14	71.23
Change in Working Capital	-144.71	-94	-97.75	-17.77	-7.57

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