SHA:603999 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	85.86	62.26	98.17	85.9	85.06
Depreciation & Amortization	22.11	22.63	22.18	23.76	22.8
Other Amortization	2.16	4.95	2.08	2.14	1.21
Loss (Gain) From Sale of Assets	-0.04	-0.05	-0.04	-0.01	-7.56
Asset Writedown & Restructuring Costs	12.65	0.08	0.13	-	0.25
Loss (Gain) From Sale of Investments	-6.53	-11.32	-7.3	-15.64	-15.77
Provision & Write-off of Bad Debts	-	5.32	3.32	7.2	-0.95
Other Operating Activities	3.86	15.37	4.88	5.72	13.48
Change in Accounts Receivable	-36.24	40.74	76.48	-80.35	47.51
Change in Inventory	15.79	-28.67	55.69	-75.73	-46.09
Change in Accounts Payable	-6.76	15.1	-42.01	145.19	52.1
Operating Cash Flow	92.88	151.49	194.97	98.17	150.74
Operating Cash Flow Growth	-38.69%	-22.30%	98.60%	-34.88%	60.88%
Capital Expenditures	-8.58	-6.42	-5.17	-23.35	-68.54
Sale of Property, Plant & Equipment	5	5.25	0.2	0	0.01
Divestitures	1.8	-	-	-	-
Investment in Securities	-273.45	-51.5	-427.89	152.5	-395
Other Investing Activities	-4.58	12.82	8.65	16.58	14.97
Investing Cash Flow	-279.8	-39.85	-424.2	145.74	-448.56
Long-Term Debt Issued	-	-	-	-	0.69
Total Debt Issued	-	-	-	-	0.69
Short-Term Debt Repaid	-	-	-	-8	-
Long-Term Debt Repaid	-	-4.29	-5.35	-4.29	-5.9
Total Debt Repaid	-	-4.29	-5.35	-12.29	-5.9
Net Debt Issued (Repaid)	-	-4.29	-5.35	-12.29	-5.21
Common Dividends Paid	-19.01	-29.95	-25.92	-26.42	-22.72
Other Financing Activities	-18.29	-6.8	10.99	-10.54	-
Financing Cash Flow	-37.29	-41.04	-20.28	-49.25	-27.93
Foreign Exchange Rate Adjustments	-0.02	0.01	0	0.02	-0.02
Net Cash Flow	-224.23	70.61	-249.51	194.67	-325.78
Free Cash Flow	84.31	145.07	189.8	74.82	82.19
Free Cash Flow Growth	-41.88%	-23.57%	153.68%	-8.97%	-0.96%
Free Cash Flow Margin	9.33%	15.01%	14.66%	5.79%	6.73%
Free Cash Flow Per Share	0.15	0.26	0.33	0.13	0.14
Cash Income Tax Paid	4.66	31.19	17.46	19.11	17.6
Levered Free Cash Flow	83.44	110.8	160.81	17.3	45.18
Unlevered Free Cash Flow	83.44	111.04	160.9	17.72	45.81
Change in Working Capital	-27.19	52.24	71.53	-10.91	52.21

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