SHA:603815 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	166.81	130.24	173.6	181.57	148.6	127.51
Depreciation & Amortization	27.69	27.69	25.78	15.68	13.89	6.38
Other Amortization	5.17	5.17	1.5	0.87	0.9	1.42
Loss (Gain) From Sale of Assets	-2.12	-2.12	1.83	-0.08	0.79	0.51
Asset Writedown & Restructuring Costs	0.34	0.34	0.29	0.52	1.46	1.71
Loss (Gain) From Sale of Investments	0.27	0.27	0.85	-6.97	-16.75	-24.16
Provision & Write-off of Bad Debts	68.45	68.45	41.5	61	26.67	59.04
Other Operating Activities	216.84	111.1	105.49	66.8	79.27	55.69
Change in Accounts Receivable	85.07	85.07	-838.62	-919.66	-1,501	-1,632
Change in Inventory	13.79	13.79	-110.05	18.22	-18.42	1,027
Change in Accounts Payable	-611.7	-611.7	549.38	666.4	1,020	264.75
Change in Other Net Operating Assets	2.12	2.12	-2.26	-1.53	-2.53	1.06
Operating Cash Flow	-50.36	-192.67	-64.07	64.79	-253.9	-124.26
Capital Expenditures	-29.13	-16.73	-33.01	-19.53	-9.28	-7.45
Sale of Property, Plant & Equipment	0.51	0.99	7.35	1.59	0.7	0.19
Cash Acquisitions	-4.66	-4.66	1.74	-	-	-20
Investment in Securities	54.66	-	-208.64	28.21	2.28	-30
Other Investing Activities	-16.09	-15.59	7.71	5.24	7.13	3.04
Investing Cash Flow	5.28	-35.99	-224.85	15.5	0.82	-54.22
Long-Term Debt Issued	-	839.89	1,075	618.38	676.73	521.62
Long-Term Debt Repaid	-	-856.73	-752.18	-426.6	-699.9	-241.01
Net Debt Issued (Repaid)	49.69	-16.83	322.55	191.77	-23.17	280.61
Issuance of Common Stock	-	-	-	-	870.65	-
Repurchase of Common Stock	-10	-10	-	-	-	-
Common Dividends Paid	-137.77	-126.5	-170.81	-133.87	-133.44	-105.03
Other Financing Activities	79.66	-2.23	18.19	17.34	-32.96	10.75
Financing Cash Flow	-18.42	-155.57	169.94	75.24	681.08	186.33
Net Cash Flow	-63.5	-384.23	-118.98	155.53	428.01	7.84
Free Cash Flow	-79.5	-209.41	-97.08	45.25	-263.18	-131.71
Free Cash Flow Margin	-1.83%	-5.02%	-2.02%	0.70%	-5.13%	-3.28%
Free Cash Flow Per Share	-0.13	-0.34	-0.16	0.07	-0.48	-0.27
Cash Interest Paid	-	-	-	-	3.34	-
Cash Income Tax Paid	228.34	264.71	171.66	173.19	102.5	111.48
Levered Free Cash Flow	225.98	-251.55	345.85	330.34	129.73	-140.17
Unlevered Free Cash Flow	287.74	-188.09	406.94	374.45	170.44	-104.24
Change in Working Capital	-533.81	-533.81	-414.91	-254.6	-508.72	-352.36

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