SHA:605162 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	148.79	146.54	148.62	115.93	113.69	157.34
Depreciation & Amortization	96.31	96.31	71.52	73.34	49.76	46.51
Other Amortization	2.07	2.07	1.75	0.77	0.53	0.32
Loss (Gain) on Sale of Assets	1.18	1.18	-0.04	-	0.06	0.06
Loss (Gain) on Sale of Investments	-1.43	-1.43	-0.98	-0.81	-0.51	-
Asset Writedown	-0.03	-0.03	0.03	-	-	0
Change in Accounts Receivable	30.56	30.56	-64.49	7.37	-95.14	-3.54
Change in Inventory	-27.17	-27.17	27.54	-69.9	-8.49	-1.16
Change in Accounts Payable	13.93	13.93	37.51	41.29	45.59	3.06
Other Operating Activities	64.49	18.36	7.61	3.64	6.49	9.7
Operating Cash Flow	334.56	286.19	230.62	165.11	114.87	212.37
Operating Cash Flow Growth	1.82%	24.09%	39.68%	43.73%	-45.91%	8.27%
Capital Expenditures	-232.81	-275.94	-116.73	-133.08	-261.12	-225.53
Sale of Property, Plant & Equipment	0.27	0.94	0.06	-	0.02	-
Investment in Securities	-90	-40	-60	50	-50	-
Other Investing Activities	1.92	1.22	0.92	0.91	0.42	0.07
Investing Cash Flow	-320.62	-313.78	-175.75	-82.17	-310.69	-225.45
Long-Term Debt Issued	-	40	424.59	117	114	274
Total Debt Issued	20	40	424.59	117	114	274
Long-Term Debt Repaid	-	-18	-162	-103.54	-292.24	-160.47
Total Debt Repaid	-40	-18	-162	-103.54	-292.24	-160.47
Net Debt Issued (Repaid)	-20	22	262.59	13.46	-178.24	113.53
Issuance of Common Stock	-	-	-	-	432.22	-
Common Dividends Paid	-74.93	-74.09	-62.29	-144.13	-7.57	-88.62
Other Financing Activities	-27.34	-	-	4.9	-	-
Financing Cash Flow	-122.27	-52.09	200.3	-125.77	246.41	24.91
Net Cash Flow	-108.32	-79.68	255.17	-42.83	50.59	11.82
Free Cash Flow	101.75	10.25	113.89	32.03	-146.25	-13.16
Free Cash Flow Growth	178.19%	-91.00%	255.53%	-	-	-
Free Cash Flow Margin	13.54%	1.18%	11.92%	3.32%	-18.97%	-2.31%
Free Cash Flow Per Share	0.24	0.03	0.28	0.08	-0.41	-0.04
Cash Interest Paid	0.05	0.05	0.04	0.07	-	-
Cash Income Tax Paid	81.92	74.34	25.23	23.75	30.55	69.89
Levered Free Cash Flow	-84.95	-52.46	54.76	-24.43	-191.17	-74.54
Unlevered Free Cash Flow	-73.17	-40.33	65.06	-22.04	-187.43	-68.96
Change in Working Capital	24.89	24.89	-1.99	-27.84	-56.9	-1.83

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