SHA:603863 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	-217.71	-235.62	-236.93	-277.22	8.87	76.61
Depreciation & Amortization	70.49	70.49	73.12	65.53	27.72	23.41
Other Amortization	5.86	5.86	6.5	5.49	2.06	2.45
Loss (Gain) From Sale of Assets	3.51	3.51	0	-	-0.58	-
Asset Writedown & Restructuring Costs	77.92	77.92	15.33	-	-	10.4
Loss (Gain) From Sale of Investments	1.76	1.76	-6.75	0.25	-1.67	-0.75
Provision & Write-off of Bad Debts	0.97	0.97	-2.69	-0.4	1.95	2.22
Other Operating Activities	19.45	34.82	70.7	29.5	12.31	-3.33
Change in Accounts Receivable	27.2	27.2	-1.19	33.67	101.16	-68.92
Change in Inventory	1.84	1.84	1.54	11.56	-67.18	-3.83
Change in Accounts Payable	19.81	19.81	51.8	5.52	-58.46	27.45
Operating Cash Flow	11.11	8.58	-28.57	-122.64	24.4	64.27
Operating Cash Flow Growth	-	-	-	-	-62.04%	-41.24%
Capital Expenditures	-16.12	-25.9	-36.64	-66.15	-377.55	-598.46
Sale of Property, Plant & Equipment	40.45	3.04	0	-	0.46	-
Divestitures	-5.08	0.08	-	-	-	-
Investment in Securities	-4.4	76.1	12.5	-39	-79.46	107.96
Other Investing Activities	-	-	-	0	411.5	1.92
Investing Cash Flow	14.86	53.31	-24.14	-105.15	-45.04	-488.58
Long-Term Debt Issued	-	621.9	433.5	217	338.05	369.41
Total Debt Issued	457.6	621.9	433.5	217	338.05	369.41
Long-Term Debt Repaid	-	-623.81	-329.17	-212.07	-211.85	-141.94
Total Debt Repaid	-455.82	-623.81	-329.17	-212.07	-211.85	-141.94
Net Debt Issued (Repaid)	1.78	-1.91	104.33	4.93	126.2	227.47
Common Dividends Paid	-18.76	-26.54	-21.04	-22.54	-20.83	-30.35
Dividends Paid	-18.76	-26.54	-21.04	-22.54	-20.83	-30.35
Other Financing Activities	-33.38	-3.13	-10.7	-12.84	-45.66	0.73
Financing Cash Flow	-50.36	-31.59	72.6	-30.45	59.71	197.85
Foreign Exchange Rate Adjustments	0	-0.01	0.19	0.53	-0.24	-0.14
Net Cash Flow	-24.39	30.29	20.08	-257.72	38.82	-226.59
Free Cash Flow	-5.01	-17.33	-65.21	-188.8	-353.15	-534.19
Free Cash Flow Margin	-0.97%	-2.38%	-9.80%	-20.34%	-59.15%	-107.06%
Free Cash Flow Per Share	-0.02	-0.09	-0.32	-0.92	-1.59	-2.58
Cash Income Tax Paid	36.05	31.27	28.39	30.7	10.93	31.55
Levered Free Cash Flow	193.74	49.82	-77.57	-85.44	66.79	-724.24
Unlevered Free Cash Flow	211.35	67.4	-62.68	-72.97	74.36	-718.76
Change in Working Capital	48.86	48.86	52.15	54.21	-26.26	-46.75

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