SHA:603960 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	44.05	55.06	92.47	64.42	49.82	129.19
Depreciation & Amortization	30.81	30.81	31.76	29.71	28.77	28.41
Other Amortization	1.72	1.72	0.76	0.66	0.7	0.43
Loss (Gain) From Sale of Assets	-0.15	-0.15	-0.49	-0.01	-0.17	-0.06
Asset Writedown & Restructuring Costs	0.02	0.02	0.02	10.2	0.12	1.99
Loss (Gain) From Sale of Investments	-3.62	-3.62	-0.55	-0.67	-0.14	-0.23
Provision & Write-off of Bad Debts	-1.57	-1.57	1.86	4.45	2.17	-1.47
Other Operating Activities	-35.85	-0.14	0.19	4.32	1.97	13.27
Change in Accounts Receivable	35.14	35.14	40.77	-104.12	-53.08	50.03
Change in Inventory	13.72	13.72	67.37	-53.62	-75.9	35.46
Change in Accounts Payable	9.52	9.52	-57.86	60.6	-33.37	-89.4
Operating Cash Flow	93.64	140.36	176.76	16.16	-79.67	167.67
Operating Cash Flow Growth	-11.47%	-20.59%	993.90%	-	-	-24.60%
Capital Expenditures	-24.05	-26.47	-21.97	-42.35	-54.58	-59.99
Sale of Property, Plant & Equipment	0.02	0.19	0.96	0.04	0.33	0.18
Cash Acquisitions	-	-	-	-	-	-45
Investment in Securities	-10	-20	-15.6	-	-12.5	0.8
Other Investing Activities	3.92	3.89	-0.99	0.24	-	-
Investing Cash Flow	-30.11	-42.4	-37.6	-42.07	-66.75	-104
Short-Term Debt Issued	-	9	-	35	30	15.32
Total Debt Issued	9	9	-	35	30	15.32
Short-Term Debt Repaid	-	-2	-35	-30	-15.32	-15.51
Total Debt Repaid	-10	-2	-35	-30	-15.32	-15.51
Net Debt Issued (Repaid)	-1	7	-35	5	14.68	-0.19
Issuance of Common Stock	-	-	-	27.74	-	49.68
Repurchase of Common Stock	-0.38	-0.38	-4.78	-	-	-
Common Dividends Paid	-15.15	-35.38	-20.15	-15.13	-39.53	-30.16
Other Financing Activities	-8.39	3.38	-	-78.68	-0.02	-43.31
Financing Cash Flow	-24.92	-25.38	-59.93	-61.08	-24.86	-23.98
Foreign Exchange Rate Adjustments	0.05	0.01	-0.01	-0	-0	-0
Net Cash Flow	38.66	72.59	79.23	-86.99	-171.28	39.68
Free Cash Flow	69.59	113.89	154.8	-26.19	-134.24	107.68
Free Cash Flow Growth	-15.95%	-26.43%	-	-	-	-39.11%
Free Cash Flow Margin	13.13%	19.44%	22.49%	-3.87%	-23.93%	14.06%
Free Cash Flow Per Share	0.27	0.43	0.59	-0.10	-0.51	0.42
Cash Interest Paid	-	-	-	0.89	-	-
Cash Income Tax Paid	26.6	39.13	46.79	16.43	36.58	44.91
Levered Free Cash Flow	42.02	88.82	99.6	-41.62	-154.39	5.95
Unlevered Free Cash Flow	42.14	88.91	99.9	-40.98	-153.98	6.02
Change in Working Capital	59.12	59.12	50.08	-97.17	-162.89	-3.86

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