SHA:605028 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	164.4	171.73	188.17	206.09	175.43	121.21
Depreciation & Amortization	64.13	64.13	48.68	42.19	42	40.03
Other Amortization	0.58	0.58	0.48	0.43	-	-
Loss (Gain) on Sale of Assets	1.44	1.44	-	1.83	-	-1.78
Loss (Gain) on Sale of Investments	-15.01	-15.01	-10.34	-6.49	-0.89	-
Asset Writedown	0.02	0.02	0.88	8.97	11.91	-
Change in Accounts Receivable	3.85	3.85	16.58	-63.33	-38.09	-39.2
Change in Inventory	0.21	0.21	1.19	-2.14	-1.94	-0.85
Change in Accounts Payable	12.93	12.93	32.12	23.15	25.79	16.71
Other Operating Activities	-21.03	-8.65	0.53	0.28	0.56	3.91
Operating Cash Flow	210.41	230.11	272	236.13	213	142.52
Operating Cash Flow Growth	-29.06%	-15.40%	15.19%	10.86%	49.46%	21.55%
Capital Expenditures	-154.15	-179.11	-284.45	-180.51	-36.82	-29.93
Sale of Property, Plant & Equipment	1.09	1.09	-	1.76	-	1.8
Investment in Securities	-12.34	-165.93	213.59	-188.28	-243.96	-
Other Investing Activities	128.65	14.07	6.39	6.18	1.03	-
Investing Cash Flow	-36.74	-329.87	-64.46	-360.84	-279.76	-28.13
Short-Term Debt Issued	-	-	-	-	-	59
Total Debt Issued	-	-	-	-	-	59
Short-Term Debt Repaid	-	-	-	-	-9.9	-117.2
Long-Term Debt Repaid	-	-1.31	-0.93	-4.11	-4.11	-14.51
Total Debt Repaid	-1.31	-1.31	-0.93	-4.11	-14.01	-131.71
Net Debt Issued (Repaid)	-1.31	-1.31	-0.93	-4.11	-14.01	-72.71
Issuance of Common Stock	-	-	-	-	527.71	-
Common Dividends Paid	-127.74	-96	-48	-80	-80.08	-2.93
Other Financing Activities	-0.03	-	-	-	-19.53	-3.5
Financing Cash Flow	-129.08	-97.31	-48.93	-84.11	414.08	-79.14
Net Cash Flow	44.59	-197.07	158.61	-208.83	347.32	35.24
Free Cash Flow	56.25	51	-12.45	55.62	176.17	112.58
Free Cash Flow Growth	208.47%	-	-	-68.43%	56.48%	299.58%
Free Cash Flow Margin	17.26%	14.20%	-3.44%	12.57%	44.63%	37.64%
Free Cash Flow Per Share	0.35	0.32	-0.08	0.35	1.28	0.94
Cash Income Tax Paid	34.1	30.6	7.35	41.4	24.24	31.6
Levered Free Cash Flow	72.54	-15.29	-49.31	-12.02	132.44	51.78
Unlevered Free Cash Flow	72.54	-15.29	-49.26	-11.84	132.79	54.18
Change in Working Capital	14.91	14.91	47.95	-17.18	-16.01	-21.6

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.