SHA:603829 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	74.1	126.17	108.95	75.36	74.3
Depreciation & Amortization	54.23	53.55	55.17	47.89	34.12
Other Amortization	3.33	6.01	3.8	2.16	1.17
Loss (Gain) From Sale of Assets	0.18	0.5	-0.5	-0.25	-2.73
Asset Writedown & Restructuring Costs	9.3	1.78	2.11	0.01	0
Loss (Gain) From Sale of Investments	3.04	0.2	-1.45	-1.58	-4.99
Provision & Write-off of Bad Debts	-	-2.74	9.44	11.62	9.61
Other Operating Activities	11.62	70.71	76.68	57.95	42.82
Change in Accounts Receivable	-235.85	-205.18	-148.98	-202.4	-232.41
Change in Inventory	-127.22	1.81	-27.91	-52.86	-86.79
Change in Accounts Payable	368.22	9.53	145.28	123.9	177.95
Operating Cash Flow	143.8	59.49	217.72	58.87	9.94
Operating Cash Flow Growth	141.72%	-72.68%	269.82%	492.57%	-
Capital Expenditures	-91.06	-86.32	-66.75	-30.54	-100.46
Sale of Property, Plant & Equipment	0.23	0.7	0.57	2.07	8.6
Cash Acquisitions	-30.5	77.69	-	-33.96	-21.13
Divestitures	24.61	1.03	1.93	-	-
Investment in Securities	-1.57	-119.8	-4.22	3.8	44.19
Other Investing Activities	31.99	0.01	0.05	0.09	1.36
Investing Cash Flow	-66.3	-126.7	-68.42	-58.55	-67.44
Long-Term Debt Issued	174.9	735.2	307.33	393.8	417.67
Total Debt Issued	174.9	735.2	307.33	393.8	417.67
Long-Term Debt Repaid	-341.28	-351.74	-350.61	-390.47	-360.12
Total Debt Repaid	-341.28	-351.74	-350.61	-390.47	-360.12
Net Debt Issued (Repaid)	-166.39	383.45	-43.28	3.33	57.54
Issuance of Common Stock	1.89	41.57	0.02	-	-
Common Dividends Paid	-99.37	-26.72	-29.44	-28.78	-25.45
Other Financing Activities	-46.01	11.68	-18.62	5.45	7.87
Financing Cash Flow	-309.88	409.99	-91.33	-20	39.96
Net Cash Flow	-232.38	342.79	57.97	-19.67	-17.55
Free Cash Flow	52.74	-26.83	150.97	28.33	-90.53
Free Cash Flow Growth	-	-	432.88%	-	-
Free Cash Flow Margin	2.38%	-1.26%	7.69%	1.76%	-6.96%
Free Cash Flow Per Share	0.29	-0.15	0.94	0.18	-0.56
Cash Income Tax Paid	49.36	63.46	89.59	48.15	44.84
Levered Free Cash Flow	155.37	-22.07	110.35	-66.55	-160.47
Unlevered Free Cash Flow	155.37	-12.74	119.56	-56.95	-152.94
Change in Working Capital	-11.99	-196.69	-36.48	-134.3	-144.36

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