SEC Electric Machinery Co., Ltd. (SHA:603988)

SEC Electric Machinery Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	0.38	30.65	-10.33	43.21	51.59	39.94
Depreciation & Amortization	16.63	16.24	14.56	15.51	13.79	13.66
Other Amortization	0.36	0.36	-	-	-	-
Loss (Gain) From Sale of Assets	0.04	0.04	-0	-0.19	-1.06	0.89
Asset Writedown & Restructuring Costs	-2.48	4.81	-	-	0	0.71
Loss (Gain) From Sale of Investments	-13.38	-24.61	35.42	-19.81	8.44	17.55
Provision & Write-off of Bad Debts	20.66	20.66	20.38	0.29	-1.94	-11.29
Other Operating Activities	21.9	15.72	10.9	2.47	9.38	11.44
Change in Accounts Receivable	79.88	77.59	-37.6	17.7	-47.45	-90.65
Change in Inventory	38.67	24.83	-10.9	79.39	-21.93	-55.37
Change in Accounts Payable	-12.28	-102.32	14.41	-101.84	-43.15	64.78
Change in Other Net Operating Assets	13.23	13.23	-	-	-	-
Operating Cash Flow	163.89	75.66	28.3	36.74	-40.69	-10.71
Operating Cash Flow Growth	1969.36%	167.34%	-22.97%	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-0.99	-2.33	-0.13	-1.49	-1.78	-0.3
Sale of Property, Plant & Equipment	0.64	0.08	0.06	0.08	1.01	1.29
Investment in Securities	-108.36	-113.82	-	5	35	180.91
Other Investing Activities	25.33	24.42	0.09	2.85	6.5	8.75
Investing Cash Flow	-83.38	-91.66	0.02	6.45	40.73	190.65

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	50	-	-	-	-
Total Debt Issued	-	50	-	-	-	-
Long-Term Debt Repaid	-	-1.2	-	-	-	-
Total Debt Repaid	-1.2	-1.2	-	-	-	-
Net Debt Issued (Repaid)	-1.2	48.8	-	-	-	-
Issuance of Common Stock	0	0	-	-	-	-
Common Dividends Paid	-10.78	-9.41	-14.11	-15.48	-13.29	-206.98
Other Financing Activities	-1.56	-1.56	-	-	-	-
Financing Cash Flow	-13.54	37.84	-14.11	-15.48	-13.29	-206.98

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.58	0.69	1.19	0.56	0.54	2.04
Net Cash Flow	66.38	22.53	15.39	28.27	-12.71	-24.99

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	162.9	73.33	28.17	35.26	-42.47	-11.01
Free Cash Flow Growth	2427.28%	160.30%	-20.10%	-	-	-
Free Cash Flow Margin	27.01%	11.14%	4.23%	4.66%	-4.94%	-1.34%
Free Cash Flow Per Share	0.69	0.31	0.11	0.15	-0.18	-0.05
Levered Free Cash Flow	187.91	95.13	34.28	27.85	-86.75	-0.24
Unlevered Free Cash Flow	188.94	96.17	34.28	29.6	-85.58	1.28

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	1.56	1.56	-	-	-	-
Cash Income Tax Paid	36.8	30.5	29.47	36.47	43.17	19.53
Change in Working Capital	119.79	11.79	-42.63	-4.73	-120.88	-83.62

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 25, 2026

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