SHA:605098 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	319.92	268.57	219.45	110.86	170.81
Depreciation & Amortization	23.04	23.88	21.11	20.02	18.56
Other Amortization	4.7	8.25	5.17	4.68	4.26
Loss (Gain) From Sale of Assets	-0.41	-0.29	-0.57	-	-
Asset Writedown & Restructuring Costs	-22.41	0.1	0.86	-0.07	0.03
Loss (Gain) From Sale of Investments	-8.04	-19.32	-1.86	-8.79	-25.51
Stock-Based Compensation	-	3.11	3.93	-	-
Provision & Write-off of Bad Debts	0.15	-0.01	0.01	0	-0
Other Operating Activities	-16.24	-16.19	-22.09	-23.03	-7.14
Change in Accounts Receivable	-2.23	-2.57	-6.87	3.41	51.03
Change in Inventory	-0.1	1.79	-0.45	-0.03	-0.6
Change in Accounts Payable	118.79	132.99	235.41	-33.66	163.13
Change in Other Net Operating Assets	-	-	-	1.17	-
Operating Cash Flow	414.77	399.55	454.02	71.63	377.36
Operating Cash Flow Growth	3.81%	-12.00%	533.88%	-81.02%	99.27%
Capital Expenditures	-3.15	-8.17	-13.08	-8.31	-3.59
Sale of Property, Plant & Equipment	-	0	-	-	-
Investment in Securities	-149.62	-267.38	30	114.27	-1,086
Other Investing Activities	-115.84	34.07	39.66	42	17.78
Investing Cash Flow	-268.6	-241.47	56.58	147.96	-1,072
Long-Term Debt Repaid	-	-16.01	-13	-11.22	-10.19
Net Debt Issued (Repaid)	-	-16.01	-13	-11.22	-10.19
Issuance of Common Stock	-	27.32	-	-	536.38
Common Dividends Paid	-270.79	-295.72	-330.55	-129.42	-59.04
Dividends Paid	-270.79	-295.72	-330.55	-129.42	-59.04
Other Financing Activities	-14.33	-0.7	-1.03	-1.84	-15.1
Financing Cash Flow	-285.12	-285.1	-344.57	-142.48	452.06
Foreign Exchange Rate Adjustments	0.06	-0.03	0	-	-
Net Cash Flow	-138.89	-127.05	166.03	77.11	-242.1
Free Cash Flow	411.63	391.38	440.94	63.32	373.77
Free Cash Flow Growth	5.17%	-11.24%	596.41%	-83.06%	101.93%
Free Cash Flow Margin	50.74%	49.96%	65.59%	14.04%	67.32%
Free Cash Flow Per Share	3.45	3.31	3.72	0.54	3.46
Cash Income Tax Paid	-	80.25	63.85	46.28	40.29
Levered Free Cash Flow	362.96	306.82	384.21	33.47	286.62
Unlevered Free Cash Flow	364.02	308.08	385.1	34.32	287.54
Change in Working Capital	114.05	131.44	228.01	-32.05	216.36

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