SHA:603976 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	17.65	53.25	40.27	64.77	106.6	53.05
Depreciation & Amortization	114.59	114.59	105.69	86.46	66.8	53.49
Other Amortization	1.54	1.54	1.65	1.38	1.52	1.07
Loss (Gain) From Sale of Assets	-	-	0.02	-	-0.03	-0
Asset Writedown & Restructuring Costs	5.3	5.3	0.17	1.32	0.56	1.68
Loss (Gain) From Sale of Investments	-3.47	-3.47	-6.96	-2.57	-6.06	-
Provision & Write-off of Bad Debts	-0.29	-0.29	0.88	0.61	1.6	-
Other Operating Activities	90.93	37.03	23.37	33.49	19.66	0.71
Change in Accounts Receivable	22.41	22.41	-57.43	-109.64	-188.47	-35.64
Change in Inventory	-71.79	-71.79	10.15	-32.47	-45.52	-6.46
Change in Accounts Payable	-50.22	-50.22	93.27	-12.67	153.32	53.96
Operating Cash Flow	130.49	112.18	194.2	38.43	104.97	121.79
Operating Cash Flow Growth	-32.40%	-42.23%	405.37%	-63.39%	-13.82%	120.35%
Capital Expenditures	-36.64	-71.98	-89.97	-276.09	-137.55	-175.89
Sale of Property, Plant & Equipment	0.15	0.15	0.04	-	0.15	0.05
Investment in Securities	-250	-40	-90	90	-250	-
Other Investing Activities	9.98	-0.51	3.18	17.06	1.51	33.91
Investing Cash Flow	-276.5	-112.33	-176.75	-169.03	-385.89	-141.94
Short-Term Debt Issued	-	-	60	60	50	49.7
Total Debt Issued	-	-	60	60	50	49.7
Short-Term Debt Repaid	-	-30	-90	-50	-49.7	-
Long-Term Debt Repaid	-	-0.21	-0.32	-0.28	-0.39	-
Total Debt Repaid	-0.21	-30.21	-90.32	-50.28	-50.09	-
Net Debt Issued (Repaid)	-0.21	-30.21	-30.32	9.72	-0.09	49.7
Issuance of Common Stock	-	-	-	-	405	-
Common Dividends Paid	-44.48	-50.68	-13.33	-49.65	-6.2	-49.3
Other Financing Activities	0.15	-	-	6.02	-11.61	-1.83
Financing Cash Flow	-44.54	-80.89	-43.64	-33.91	387.1	-1.43
Foreign Exchange Rate Adjustments	-0.03	-0.03	0.02	0.16	-0.01	-
Net Cash Flow	-190.59	-81.07	-26.18	-164.35	106.17	-21.58
Free Cash Flow	93.85	40.2	104.22	-237.66	-32.58	-54.1
Free Cash Flow Growth	-0.18%	-61.43%	-	-	-	-
Free Cash Flow Margin	14.46%	5.02%	11.57%	-29.85%	-4.09%	-10.78%
Free Cash Flow Per Share	0.63	0.26	0.70	-1.58	-0.22	-0.36
Cash Income Tax Paid	37	39.46	39.77	50.4	46.29	40.09
Levered Free Cash Flow	58.99	-17.57	62.65	-273.57	-14.41	-69.91
Unlevered Free Cash Flow	72.1	-4.47	75.94	-261.32	-6.24	-69.72
Change in Working Capital	-95.77	-95.77	29.11	-147.05	-85.68	11.8

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