SHA:603843 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-182.35	-141.66	-537.33	-531.6	-213.61	93.39
Depreciation & Amortization	37.43	37.43	34.74	48.58	60.34	58.63
Other Amortization	2.75	2.75	3.74	1.95	8.93	17.71
Loss (Gain) From Sale of Assets	-36.93	-36.93	0	5.41	-0.23	-
Asset Writedown & Restructuring Costs	57.43	57.43	7.11	6.18	6.46	0.46
Loss (Gain) From Sale of Investments	-61.47	-61.47	-34.83	-0.88	-0.93	-3.37
Provision & Write-off of Bad Debts	-6.15	-6.15	133.17	264.2	143.16	124.47
Other Operating Activities	165.84	188.07	180.82	154.46	132.71	139.35
Change in Accounts Receivable	-36.75	-36.75	482.41	84.52	644.65	-1,376
Change in Inventory	2.94	2.94	8.05	41	-10.93	-168.73
Change in Accounts Payable	-95.1	-95.1	-665.25	-324.67	-367.7	1,300
Change in Other Net Operating Assets	62.96	62.96	18.15	0.09	-100.97	-38.53
Operating Cash Flow	-97.4	-34.48	-439.72	-296.79	280.5	125.2
Operating Cash Flow Growth	-	-	-	-	124.03%	-56.15%
Capital Expenditures	-143.12	-143.64	-46.98	-302.6	-540.13	-724.66
Sale of Property, Plant & Equipment	0.61	1.94	1.93	20.19	0.7	0.95
Cash Acquisitions	5	-	-	-	-	-
Investment in Securities	-	-	-	42.29	-75.59	-40.42
Other Investing Activities	44.33	40.5	1.9	1.37	3.11	2.64
Investing Cash Flow	-93.18	-101.2	-43.14	-238.75	-611.92	-827.95
Long-Term Debt Issued	-	327.82	2,305	4,934	3,055	2,654
Long-Term Debt Repaid	-	-172.69	-1,931	-4,482	-2,899	-2,208
Net Debt Issued (Repaid)	161.24	155.14	374.75	452.18	156.15	445.97
Issuance of Common Stock	-	-	-	32.3	-	439.8
Common Dividends Paid	-51.43	-57.17	-110.89	-199.6	-165.56	-163.32
Other Financing Activities	29.53	0.03	180.29	42.49	-2.53	-35.63
Financing Cash Flow	139.33	98	444.15	327.37	-11.94	686.83
Net Cash Flow	-51.25	-37.68	-38.71	-208.18	-343.35	-15.92
Free Cash Flow	-240.52	-178.12	-486.69	-599.39	-259.64	-599.45
Free Cash Flow Margin	-17.98%	-12.96%	-35.79%	-31.45%	-11.68%	-11.91%
Free Cash Flow Per Share	-0.35	-0.25	-0.70	-0.86	-0.38	-0.96
Cash Income Tax Paid	30.73	24.25	47.6	74.27	89.09	142.18
Levered Free Cash Flow	426.07	-271.9	-36.66	-704.88	-592.83	-243
Unlevered Free Cash Flow	563.34	-134.63	81.52	-612.01	-514.09	-166.22
Change in Working Capital	-73.94	-73.94	-227.15	-245.09	143.67	-305.43

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