SHA:605016 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	245.6	193	150.75	104.48
Depreciation & Amortization	77.13	46.32	47.5	47.17
Other Amortization	2.79	1.15	1.22	0.6
Loss (Gain) From Sale of Assets	0.02	-0.08	-0.02	-0.01
Asset Writedown & Restructuring Costs	0.37	2.21	3.16	3.04
Loss (Gain) From Sale of Investments	-8.25	-10.87	-8.89	-6.69
Provision & Write-off of Bad Debts	6.24	2.66	4.74	2.37
Other Operating Activities	4.48	2.37	0.13	1.35
Change in Accounts Receivable	-40.68	-60.72	-11.55	-16.93
Change in Inventory	-35.44	15.56	-45.63	-31.55
Change in Accounts Payable	53.01	2.74	8.35	-7.44
Operating Cash Flow	300.89	194.63	149.82	96.2
Operating Cash Flow Growth	54.60%	29.92%	55.74%	-21.04%
Capital Expenditures	-281.81	-311.98	-175.6	-55.82
Sale of Property, Plant & Equipment	-	0.09	1.37	0.02
Investment in Securities	99	80	-85	-245
Other Investing Activities	9.91	8.17	12.33	3.11
Investing Cash Flow	-172.89	-223.72	-246.9	-297.69
Short-Term Debt Issued	90	50	-	9.5
Total Debt Issued	90	50	-	9.5
Short-Term Debt Repaid	-80	-50	-1	-59
Long-Term Debt Repaid	-1.71	-1.77	-1.23	-0.52
Total Debt Repaid	-81.71	-51.77	-2.23	-59.52
Net Debt Issued (Repaid)	8.29	-1.77	-2.23	-50.02
Issuance of Common Stock	-	-	-	426.33
Common Dividends Paid	-77.99	-32.34	-10.84	-
Other Financing Activities	-0.66	-	-	-13.96
Financing Cash Flow	-70.35	-34.12	-13.07	362.36
Foreign Exchange Rate Adjustments	-0.87	0	0.01	-0.01
Net Cash Flow	56.77	-63.2	-110.14	160.85
Free Cash Flow	19.09	-117.34	-25.78	40.38
Free Cash Flow Growth	-	-	-	8.06%
Free Cash Flow Margin	1.66%	-13.51%	-3.57%	6.18%
Free Cash Flow Per Share	0.04	-0.28	-0.06	0.10
Cash Interest Paid	2.66	2.25	0.07	1.34
Cash Income Tax Paid	0.68	15.12	9.83	0.37
Levered Free Cash Flow	-108.36	-35.66	-40.89	16.96
Unlevered Free Cash Flow	-106.7	-34.25	-40.85	17.6
Change in Working Capital	-27.48	-42.13	-48.78	-56.12

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.