SHA:605033 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	29.78	36.86	57.56	145.09	125.74	78.73
Depreciation & Amortization	20.43	20.43	20.87	15.47	12.48	10.47
Other Amortization	1.92	1.92	0.35	0.35	0.07	0.1
Asset Writedown & Restructuring Costs	0.03	0.03	0.04	0.12	0.02	6.26
Loss (Gain) From Sale of Investments	-8.23	-8.23	-4.58	-4.04	-0.91	-3.02
Provision & Write-off of Bad Debts	-5.24	-5.24	-2.47	5.99	3.65	-
Other Operating Activities	-3.91	19.83	16.49	8.19	13.65	0.17
Change in Accounts Receivable	66.49	66.49	98.49	-57.22	-105.49	-49.96
Change in Inventory	67.59	67.59	85.48	92.31	-293.91	-48.06
Change in Accounts Payable	80.15	80.15	67.44	-71.9	135.81	78.2
Operating Cash Flow	249.58	280.4	334.79	126.41	-108.75	74.88
Operating Cash Flow Growth	-27.90%	-16.25%	164.84%	-	-	-41.71%
Capital Expenditures	-193.83	-158.81	-203.69	-109.29	-106.53	-61.71
Sale of Property, Plant & Equipment	0	0.01	-	0.03	-	0.02
Investment in Securities	-128	-388	80	68	-148	12
Other Investing Activities	8.63	9.33	6.51	6.86	2.61	6.2
Investing Cash Flow	-313.19	-537.47	-117.18	-34.4	-251.92	-43.49
Short-Term Debt Issued	-	-	-	40	204.04	-
Long-Term Debt Issued	-	73	2.07	-	-	-
Total Debt Issued	77	73	2.07	40	204.04	-
Short-Term Debt Repaid	-	-	-	-67.05	-177	-40
Long-Term Debt Repaid	-	-1	-1.07	-	-	-
Total Debt Repaid	-	-1	-1.07	-67.05	-177	-40
Net Debt Issued (Repaid)	77	72	1	-27.05	27.04	-40
Issuance of Common Stock	-	-	-	25.57	391.84	-
Repurchase of Common Stock	-	-	-25.91	-	-	-
Common Dividends Paid	-21.57	-28.24	-29.82	-26.67	-3.29	-0.7
Other Financing Activities	-14.68	-18.91	-3.68	69.99	-65	-19
Financing Cash Flow	40.74	24.85	-58.42	41.84	350.59	-59.7
Foreign Exchange Rate Adjustments	-	-	-	-	0.06	-0.01
Net Cash Flow	-22.87	-232.22	159.2	133.85	-10.02	-28.33
Free Cash Flow	55.75	121.59	131.1	17.12	-215.28	13.17
Free Cash Flow Growth	-65.31%	-7.26%	665.68%	-	-	-86.09%
Free Cash Flow Margin	6.40%	13.73%	18.75%	1.89%	-25.55%	2.32%
Free Cash Flow Per Share	0.41	0.89	0.98	0.13	-1.95	0.13
Cash Income Tax Paid	8.46	13.33	15.85	26.36	19.05	13.61
Levered Free Cash Flow	98.78	180.84	132.4	-48.62	-303.49	-13.38
Unlevered Free Cash Flow	98.8	180.85	132.64	-48	-301.43	-12.85
Change in Working Capital	214.79	214.79	246.54	-44.75	-263.45	-18.22

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