SHA:603789 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	-100.59	-175.06	-55.79	-158.7	-185.46
Depreciation & Amortization	48.19	39.59	38.84	41.13	51.6
Other Amortization	2.34	0.64	0.11	0.46	2.01
Loss (Gain) From Sale of Assets	-9.79	-25.82	-18	-4.91	-0.03
Asset Writedown & Restructuring Costs	32.04	17.45	0.09	0.31	0.29
Loss (Gain) From Sale of Investments	-63.68	25.25	10.54	11.04	-0.53
Provision & Write-off of Bad Debts	-	6.52	-12.71	28.56	64.76
Other Operating Activities	27.16	8.2	10.61	20.31	29.04
Change in Accounts Receivable	177.9	-55.48	35.84	164.35	55.89
Change in Inventory	-14.06	15.34	-62.48	-27.69	-36.29
Change in Accounts Payable	-201.44	67.74	56.89	-91.77	66.92
Change in Other Net Operating Assets	-11.06	0	7.35	-0.95	1.03
Operating Cash Flow	-92.32	-57.31	17.31	-15.98	25.17
Capital Expenditures	-27.16	-56.43	-98.67	-27.37	-8.86
Sale of Property, Plant & Equipment	16.08	57.68	95.73	8.15	0.21
Cash Acquisitions	-22.46	0.03	-	-	-
Divestitures	-	-	-	-	-1.3
Investment in Securities	-2.95	-0.45	-2	-2.55	-2.05
Other Investing Activities	-4.5	-	-	-1.5	-5.28
Investing Cash Flow	-40.99	0.83	-4.94	-23.27	-17.29
Long-Term Debt Issued	188.74	171.82	184.83	185.87	158.5
Long-Term Debt Repaid	-151.41	-147.34	-226.39	-197.11	-114.57
Net Debt Issued (Repaid)	37.33	24.48	-41.56	-11.25	43.93
Issuance of Common Stock	30	-	81.59	-	-
Repurchase of Common Stock	-	-32.63	-	-	-
Common Dividends Paid	-16.82	-11.94	-13	-9.41	-12.05
Other Financing Activities	123.51	37.39	-10.9	20.49	-14.4
Financing Cash Flow	174.02	17.29	16.12	-0.16	17.48
Foreign Exchange Rate Adjustments	-0	0	0.11	0.1	-0.05
Net Cash Flow	40.7	-39.19	28.6	-39.31	25.3
Free Cash Flow	-119.49	-113.74	-81.36	-43.35	16.3
Free Cash Flow Margin	-30.92%	-42.22%	-26.38%	-17.77%	4.06%
Free Cash Flow Per Share	-0.44	-0.42	-0.31	-0.17	0.06
Cash Income Tax Paid	-6.73	2.31	0.53	-46.28	-2.89
Levered Free Cash Flow	-82.82	-86.57	48.16	3.41	91.93
Unlevered Free Cash Flow	-82.82	-77.94	56.41	11.95	101.25
Change in Working Capital	-27.99	45.92	43.62	45.81	63.5

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