SHA:603895 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	-148.22	-178.26	-108.45	-126.32	7.22	12.2
Depreciation & Amortization	17.35	17.35	33.91	30.6	13.61	9.82
Other Amortization	1.7	1.7	1.07	0.91	0.01	-
Loss (Gain) From Sale of Assets	8.77	8.77	0.23	-0.02	-	-
Asset Writedown & Restructuring Costs	66.08	66.08	26.19	26.77	0.02	0.13
Loss (Gain) From Sale of Investments	-0.02	-0.02	0.21	-	-1.6	-3.82
Provision & Write-off of Bad Debts	43.29	43.29	22.8	16.67	7.13	13.33
Other Operating Activities	-39.71	-12.59	-21.71	-22.56	-2.61	0
Change in Accounts Receivable	91.46	91.46	8.82	-84.99	-103.24	107.17
Change in Inventory	35.54	35.54	51.49	-77.64	-235.7	-16.86
Change in Accounts Payable	-51.83	-51.83	-118.77	78.17	138.4	-21.38
Operating Cash Flow	26.2	23.29	-109.89	-165.67	-180.42	97.47
Capital Expenditures	-0.59	-0.59	-	-66.27	-25.67	-11.48
Sale of Property, Plant & Equipment	0.76	0.76	7.8	0.78	-	-
Investment in Securities	-	-	-	-	-5	147.68
Other Investing Activities	-8.82	0.02	-	-	1.6	-
Investing Cash Flow	-8.65	0.18	7.8	-65.49	-29.07	136.2
Short-Term Debt Issued	-	-	55.63	-	-	-
Long-Term Debt Issued	-	152.59	350.8	333.5	37.04	-
Total Debt Issued	196.36	152.59	406.43	333.5	37.04	-
Short-Term Debt Repaid	-	-2.7	-2.33	-	-	-
Long-Term Debt Repaid	-	-223.44	-274.95	-62.76	-2.89	-
Total Debt Repaid	-287.89	-226.14	-277.28	-62.76	-2.89	-
Net Debt Issued (Repaid)	-91.53	-73.55	129.16	270.75	34.15	-
Issuance of Common Stock	12	-	-	-	-	-
Common Dividends Paid	-21.17	-15.32	-13.09	-13.43	-	-0.48
Other Financing Activities	39.44	27.03	-25.55	11.12	3.91	-6.6
Financing Cash Flow	-61.26	-61.84	90.52	268.44	38.05	-7.07
Foreign Exchange Rate Adjustments	0	0	0	0	-0	-0
Net Cash Flow	-43.71	-38.36	-11.58	37.28	-171.44	226.6
Free Cash Flow	25.61	22.69	-109.89	-231.94	-206.09	85.99
Free Cash Flow Margin	5.73%	4.83%	-18.47%	-40.11%	-40.91%	16.96%
Free Cash Flow Per Share	0.23	0.21	-1.01	-2.15	-2.00	0.78
Cash Income Tax Paid	0.78	49.96	28.14	12.93	19.03	2.72
Levered Free Cash Flow	95.55	141.8	-19.82	-180.08	-206.18	80.64
Unlevered Free Cash Flow	103.2	153.08	-9.76	-175.83	-205.69	80.64
Change in Working Capital	76.96	76.96	-64.14	-91.71	-204.2	65.82

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