SHA:603897 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	305.15	315.47	236.1	216.51	136.17	341.1
Depreciation & Amortization	97.52	97.52	94.9	96.67	71.72	58.44
Loss (Gain) From Sale of Assets	-0.01	-0.01	0.83	-10.56	-	-
Asset Writedown & Restructuring Costs	0.7	0.7	-0.16	-	0.01	0.08
Loss (Gain) From Sale of Investments	5.76	5.76	1.77	-0	5.82	-37.7
Provision & Write-off of Bad Debts	-16.92	-16.92	28.23	33.88	19.32	30.7
Other Operating Activities	-132.67	21.9	13.6	20.73	14.6	33.62
Change in Accounts Receivable	97.37	97.37	-707.05	-695.63	-915.31	-1,087
Change in Inventory	-289.41	-289.41	-0.91	-6.11	81.92	-61.46
Change in Accounts Payable	476.98	476.98	334.03	524.12	784.02	367.34
Change in Other Net Operating Assets	-	-	-	-16.79	-	-
Operating Cash Flow	548.03	712.92	-3.52	163.36	186.76	-359.48
Operating Cash Flow Growth	-	-	-	-12.53%	-	-
Capital Expenditures	-43.01	-86.85	-74.44	-38.34	-235.25	-297.63
Sale of Property, Plant & Equipment	0.02	0.02	6.67	28.04	-	-
Investment in Securities	-4.52	-1.2	-5.63	7.9	-9.6	736.04
Other Investing Activities	-1.37	-	-	-	6.79	-8.14
Investing Cash Flow	-48.88	-88.02	-73.39	-2.4	-238.06	430.27
Short-Term Debt Issued	-	1,067	1,200	1,009	1,353	201
Total Debt Issued	1,106	1,067	1,200	1,009	1,353	201
Short-Term Debt Repaid	-	-1,232	-796.5	-1,127	-481	-248.53
Long-Term Debt Repaid	-	-0.95	-0.95	-0.95	-0.95	-
Total Debt Repaid	-1,171	-1,233	-797.45	-1,128	-481.95	-248.53
Net Debt Issued (Repaid)	-64.85	-165.72	402.87	-118.87	870.92	-47.53
Common Dividends Paid	-372.03	-372.03	-458	-195.37	-119.88	-212.67
Financing Cash Flow	-436.88	-537.75	-55.12	-314.24	751.04	-260.2
Foreign Exchange Rate Adjustments	-17.05	-4.93	4.82	0.61	2.48	-0.49
Net Cash Flow	45.21	82.22	-127.21	-152.66	702.22	-189.89
Free Cash Flow	505.02	626.08	-77.96	125.02	-48.49	-657.1
Free Cash Flow Margin	3.86%	4.97%	-0.60%	1.13%	-0.48%	-6.13%
Free Cash Flow Per Share	2.45	3.04	-0.38	0.61	-0.23	-3.64
Cash Income Tax Paid	121.2	140.87	121.4	51.84	-0.11	94.25
Levered Free Cash Flow	569.32	650.26	-134.74	146.92	435.15	-495.52
Unlevered Free Cash Flow	569.5	661.31	-122.61	160.3	448.12	-472.9
Change in Working Capital	288.5	288.5	-378.78	-193.85	-60.89	-785.72

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