SHA:603797 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	126.68	179.53	222.59	276.74	303.45	238.53
Depreciation & Amortization	172.13	172.13	177.75	139.4	83.77	71.78
Other Amortization	0.82	0.82	1.12	1.67	1.48	1
Loss (Gain) From Sale of Assets	1.76	1.76	-0.11	-0.02	-46.13	0
Asset Writedown & Restructuring Costs	-0.02	-0.02	0.01	0	0.02	-
Loss (Gain) From Sale of Investments	0.03	0.03	1.72	1.13	-1.18	-1.25
Provision & Write-off of Bad Debts	86.69	86.69	74.35	19.34	2.16	0.05
Other Operating Activities	345.84	259.62	291.6	276.19	205.54	128
Change in Accounts Receivable	-300.73	-300.73	-499.59	-662.06	-538.09	-20.1
Change in Inventory	-0.37	-0.37	37.54	-33.22	-0.54	0.56
Change in Accounts Payable	30.97	30.97	-59.07	-140.76	-100.39	61.1
Change in Other Net Operating Assets	-	-	1.01	-	-	-
Operating Cash Flow	461.06	427.71	246.68	-107.74	-76.22	486.33
Operating Cash Flow Growth	14.22%	73.39%	-	-	-	17.39%
Capital Expenditures	-15.65	-96.76	-65.4	-305.59	-1,018	-2,074
Sale of Property, Plant & Equipment	0	0.11	1.68	0.04	179.93	0.04
Divestitures	-	72	6.9	-	-	-
Investment in Securities	0.17	0.17	2.2	-10.01	-8.44	-8.79
Other Investing Activities	-0.17	-	0.16	2.19	6.65	214.96
Investing Cash Flow	-15.65	-24.48	-54.47	-313.38	-840.23	-1,867
Long-Term Debt Issued	-	562	847.6	1,525	1,699	2,011
Long-Term Debt Repaid	-	-1,011	-892.33	-834.23	-783.83	-396.99
Net Debt Issued (Repaid)	-441	-449.23	-44.73	690.8	915.12	1,614
Issuance of Common Stock	-	-	-	-	817.9	-
Repurchase of Common Stock	-	-	-	-49.09	-1.03	-
Common Dividends Paid	-251.92	-240.98	-266.13	-383.49	-371.17	-226.42
Other Financing Activities	-	-	-63.33	-163.36	42.35	112.41
Financing Cash Flow	-692.92	-690.22	-374.19	94.87	1,403	1,500
Foreign Exchange Rate Adjustments	-	-	-0	-0.04	-	-
Net Cash Flow	-247.51	-286.99	-181.98	-326.29	486.73	118.74
Free Cash Flow	445.41	330.95	181.28	-413.33	-1,095	-1,587
Free Cash Flow Growth	46.57%	82.57%	-	-	-	-
Free Cash Flow Margin	45.08%	31.85%	13.21%	-28.86%	-139.43%	-262.93%
Free Cash Flow Per Share	0.78	0.57	0.31	-0.69	-2.02	-3.46
Cash Income Tax Paid	49.52	61.01	57.88	-139.43	47.56	35.99
Levered Free Cash Flow	168.92	-68.97	-282.54	-618.19	-1,107	-1,378
Unlevered Free Cash Flow	313.08	91.96	-104.72	-457.53	-984.96	-1,298
Change in Working Capital	-272.87	-272.87	-522.35	-822.18	-625.33	48.22

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