SHA:603836 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	33.93	82.48	152.62	278.97	478.98	185.27
Depreciation & Amortization	93.44	93.44	91.17	83.07	36.37	10.49
Other Amortization	8.66	8.66	7.21	7.05	3.2	1.99
Loss (Gain) From Sale of Assets	2.45	2.45	-0.01	-0.06	-0.29	-0.01
Asset Writedown & Restructuring Costs	22.94	22.94	-	0.7	-	-
Loss (Gain) From Sale of Investments	-13.69	-13.69	-20.31	-23.36	-14.87	5.04
Provision & Write-off of Bad Debts	25.33	25.33	-3.87	-23.53	39.16	15.01
Other Operating Activities	497.28	33.62	22.61	72.79	252.65	35.76
Change in Accounts Receivable	-352.94	-352.94	25	529.75	-1,197	-436.3
Change in Accounts Payable	187.47	187.47	-37.05	-438.04	866.8	306.03
Operating Cash Flow	500.01	84.9	239.63	491	453.53	119.38
Operating Cash Flow Growth	-	-64.57%	-51.20%	8.26%	279.90%	20.80%
Capital Expenditures	-13	-25.82	-23.8	-53.58	-100.67	-31.19
Sale of Property, Plant & Equipment	0.85	0.32	1.32	0.2	0.88	0.35
Cash Acquisitions	-	-	-	-88.55	-	-
Investment in Securities	85.43	312	31.3	36.19	-409.64	5.02
Other Investing Activities	17.47	14.88	18.61	12.51	8.21	20.92
Investing Cash Flow	90.74	301.38	27.43	-89.94	-504.5	-4.9
Long-Term Debt Issued	-	228.07	414.09	846.3	319.81	206.82
Long-Term Debt Repaid	-	-343.06	-550.23	-496.66	-366.91	-163.77
Net Debt Issued (Repaid)	-115.21	-114.99	-136.14	349.65	-47.1	43.06
Issuance of Common Stock	-	-	-	-	810.49	-
Repurchase of Common Stock	-	-	-51.11	-	-	-
Common Dividends Paid	-44.5	-59.23	-117.86	-173.35	-3.74	-53.74
Other Financing Activities	-158.22	-111.47	-127.85	-477.61	-46.85	-3.06
Financing Cash Flow	-317.93	-285.69	-432.96	-301.31	712.8	-13.74
Foreign Exchange Rate Adjustments	0.02	2.4	-5.83	43.48	-5.19	-5.07
Net Cash Flow	272.84	102.99	-171.73	143.24	656.65	95.67
Free Cash Flow	487.01	59.07	215.84	437.42	352.86	88.19
Free Cash Flow Growth	-	-72.63%	-50.66%	23.96%	300.12%	-6.22%
Free Cash Flow Margin	5.30%	0.58%	3.41%	3.56%	2.96%	1.63%
Free Cash Flow Per Share	2.45	0.29	1.05	2.13	1.92	0.57
Cash Income Tax Paid	88.09	73.33	78.13	235.68	229.38	99.91
Levered Free Cash Flow	188.96	25.27	87.64	532.85	197.56	44.73
Unlevered Free Cash Flow	208.59	47.43	108.93	545.02	201.66	46.65
Change in Working Capital	-170.34	-170.34	-9.78	95.38	-341.68	-134.18

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