SHA:603955 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	-137.71	-122.62	29.13	-83.39	10.75	58.62
Depreciation & Amortization	20.87	20.87	4.01	5.47	8.6	8.75
Other Amortization	6.33	6.33	0.45	0.66	2.15	2.91
Loss (Gain) From Sale of Assets	-0.22	-0.22	-0.03	0.24	0.1	0.03
Asset Writedown & Restructuring Costs	1.05	1.05	0.87	-	-	0.04
Loss (Gain) From Sale of Investments	-14.02	-14.02	-3.09	-6.7	-18.74	-13.07
Provision & Write-off of Bad Debts	56.62	56.62	-12.72	34.16	12.53	-17.5
Other Operating Activities	109.4	17.3	40.25	147.74	50.99	57.77
Change in Accounts Receivable	-119.42	-119.42	289.4	-	40.95	26.12
Change in Inventory	-25.55	-25.55	-1.35	-	11.47	-6.09
Change in Accounts Payable	22.22	22.22	-134.17	-	-163.43	-99.12
Operating Cash Flow	-101.08	-178.09	212.76	98.17	-48.91	23.05
Operating Cash Flow Growth	-	-	116.72%	-	-	-25.83%
Capital Expenditures	-92.19	-83.93	-1.28	-2.29	-6.59	-12.01
Sale of Property, Plant & Equipment	3.46	2.2	0.1	0.27	0.08	2.16
Cash Acquisitions	-0	-0	-	-	-	-
Investment in Securities	25.74	-6.17	49.66	51.3	137.44	-28.41
Other Investing Activities	0.15	0.15	0.59	0.57	3.1	3.1
Investing Cash Flow	-62.84	-87.75	49.07	49.84	134.03	-35.15
Long-Term Debt Issued	-	180	20	140	289	432.98
Long-Term Debt Repaid	-	-121	-335.49	-363.18	-429.7	-312.48
Net Debt Issued (Repaid)	62.03	59	-315.49	-223.18	-140.7	120.5
Common Dividends Paid	-22.43	-22.52	-29.91	-43.94	-56.59	-53.07
Other Financing Activities	96.5	85.24	-1.11	-	4.5	-
Financing Cash Flow	136.1	121.71	-346.51	-267.12	-192.8	67.43
Net Cash Flow	-27.81	-144.13	-84.68	-119.11	-107.68	55.33
Free Cash Flow	-193.27	-262.02	211.48	95.88	-55.49	11.04
Free Cash Flow Growth	-	-	120.57%	-	-	-56.36%
Free Cash Flow Margin	-44.12%	-72.03%	184.41%	75.05%	-22.02%	1.98%
Free Cash Flow Per Share	-1.42	-1.93	1.56	0.71	-0.41	0.08
Cash Income Tax Paid	7.95	8.59	21.38	15.07	1.36	24.98
Levered Free Cash Flow	-427.65	-494.46	0.66	-71.44	-197.91	-12.9
Unlevered Free Cash Flow	-416.72	-483.54	18.92	-51.33	-174.22	13.25
Change in Working Capital	-143.41	-143.41	153.88	-	-115.28	-74.5

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