SHA:605122 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	-210.76	-164.12	12.96	-97.49	133.86	243.72
Depreciation & Amortization	128.94	128.94	143.28	113.69	64.06	50.44
Other Amortization	4.83	4.83	6.28	4.8	4.49	4.5
Loss (Gain) From Sale of Assets	1.66	1.66	8.89	2.29	-2.9	-2.39
Asset Writedown & Restructuring Costs	126.98	126.98	5.27	72.2	0.29	0.05
Loss (Gain) From Sale of Investments	-13.03	-13.03	-1.49	-1.47	-3.02	-0.4
Provision & Write-off of Bad Debts	86.81	86.81	62.58	156.71	66.18	14.77
Other Operating Activities	255.23	31.4	44.83	8.44	15.03	32.99
Change in Accounts Receivable	-8.2	-8.2	-336.58	-400.7	-527.24	-59.46
Change in Inventory	10.68	10.68	-8.41	-2.93	-7.01	0.84
Change in Accounts Payable	-176.5	-176.5	176.79	-32.42	45.79	-224.19
Operating Cash Flow	188.99	11.8	94.39	-206.91	-222.36	56.55
Operating Cash Flow Growth	-	-87.50%	-	-	-	-57.83%
Capital Expenditures	-11.14	-21.15	-152.33	-75.52	-51.82	-23.28
Sale of Property, Plant & Equipment	0.1	0.37	28.82	1.21	5.46	3.42
Cash Acquisitions	-	-	-	-228.08	-175.13	-
Investment in Securities	0.59	0.59	-	100.45	-100	-
Other Investing Activities	-	-	-	-147.53	3.02	0.4
Investing Cash Flow	-10.45	-20.18	-123.51	-349.46	-318.46	-19.46
Short-Term Debt Issued	-	55.59	27.74	11.29	61.27	-
Long-Term Debt Issued	-	402.95	478.55	707.16	248.83	332.5
Total Debt Issued	353.39	458.54	506.29	718.46	310.1	332.5
Long-Term Debt Repaid	-	-574.75	-479.29	-272.05	-374.14	-322.5
Net Debt Issued (Repaid)	-223.56	-116.21	26.99	446.41	-64.04	10
Issuance of Common Stock	-	-	-	-	1,258	-
Common Dividends Paid	-21.31	-31.65	-31.34	-33.23	-80.04	-16.83
Other Financing Activities	45.82	-7.46	-39.85	-10.41	-18.23	-13.55
Financing Cash Flow	-199.04	-155.32	-44.2	402.76	1,096	-20.38
Net Cash Flow	-20.5	-163.71	-73.32	-153.61	555.28	16.72
Free Cash Flow	177.85	-9.35	-57.94	-282.43	-274.18	33.27
Free Cash Flow Growth	-	-	-	-	-	-69.23%
Free Cash Flow Margin	15.28%	-0.66%	-2.92%	-17.08%	-20.31%	2.82%
Free Cash Flow Per Share	1.08	-0.05	-0.36	-1.65	-1.66	0.23
Cash Income Tax Paid	56.5	79.74	124.08	142.55	113.22	115.91
Levered Free Cash Flow	391.48	95.46	-80.73	-39.39	-264.98	-22.86
Unlevered Free Cash Flow	412.27	119.65	-56.44	-24.97	-259.53	-8.09
Change in Working Capital	-191.68	-191.68	-188.22	-466.08	-500.36	-287.12

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