SHA:605033 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	48.66	36.86	57.56	145.09	125.74
Depreciation & Amortization	32.64	20.43	20.87	15.47	12.48
Other Amortization	0.25	1.92	0.35	0.35	0.07
Asset Writedown & Restructuring Costs	20.39	0.03	0.04	0.12	0.02
Loss (Gain) From Sale of Investments	-6.32	-8.23	-4.58	-4.04	-0.91
Provision & Write-off of Bad Debts	-	-5.24	-2.47	5.99	3.65
Other Operating Activities	-1.43	19.83	16.49	8.19	13.65
Change in Accounts Receivable	16.78	66.49	98.49	-57.22	-105.49
Change in Inventory	11.74	67.59	85.48	92.31	-293.91
Change in Accounts Payable	103.29	80.15	67.44	-71.9	135.81
Operating Cash Flow	229.36	280.4	334.79	126.41	-108.75
Operating Cash Flow Growth	-18.20%	-16.25%	164.84%	-	-
Capital Expenditures	-184.63	-158.81	-203.69	-109.29	-106.53
Sale of Property, Plant & Equipment	1.35	0.01	-	0.03	-
Investment in Securities	-37	-388	80	68	-148
Other Investing Activities	7.88	9.33	6.51	6.86	2.61
Investing Cash Flow	-212.39	-537.47	-117.18	-34.4	-251.92
Short-Term Debt Issued	-	-	-	40	204.04
Long-Term Debt Issued	78	73	2.07	-	-
Total Debt Issued	78	73	2.07	40	204.04
Short-Term Debt Repaid	-	-	-	-67.05	-177
Long-Term Debt Repaid	-0.49	-1	-1.07	-	-
Total Debt Repaid	-0.49	-1	-1.07	-67.05	-177
Net Debt Issued (Repaid)	77.51	72	1	-27.05	27.04
Issuance of Common Stock	-	-	-	25.57	391.84
Repurchase of Common Stock	-	-	-25.91	-	-
Common Dividends Paid	-24.09	-28.24	-29.82	-26.67	-3.29
Other Financing Activities	-24.1	-18.91	-3.68	69.99	-65
Financing Cash Flow	29.32	24.85	-58.42	41.84	350.59
Foreign Exchange Rate Adjustments	-0	-	-	-	0.06
Net Cash Flow	46.28	-232.22	159.2	133.85	-10.02
Free Cash Flow	44.74	121.59	131.1	17.12	-215.28
Free Cash Flow Growth	-63.21%	-7.26%	665.68%	-	-
Free Cash Flow Margin	4.91%	13.73%	18.75%	1.89%	-25.55%
Free Cash Flow Per Share	0.33	0.89	0.98	0.13	-1.95
Cash Income Tax Paid	3.79	13.33	15.85	26.36	19.05
Levered Free Cash Flow	11.06	180.84	132.4	-48.62	-303.49
Unlevered Free Cash Flow	11.06	180.85	132.64	-48	-301.43
Change in Working Capital	135.15	214.79	246.54	-44.75	-263.45

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