SHA:605186 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	25.72	25.73	32.52	60	115.68	117.62
Depreciation & Amortization	23.48	23.48	20.51	4.86	3.38	3.23
Other Amortization	2.05	2.05	2.65	0.87	0.14	0.22
Loss (Gain) From Sale of Assets	-	-	0.18	0.03	0	-
Asset Writedown & Restructuring Costs	-11.13	-11.13	-	-	-	0
Loss (Gain) From Sale of Investments	-2.39	-2.39	-10.61	-24.16	-17.33	-6.26
Provision & Write-off of Bad Debts	-	-	4.96	51.19	20.7	16.02
Other Operating Activities	18.48	40.11	3.17	3.08	4.23	9.9
Change in Accounts Receivable	5.3	5.3	-43.48	-68.97	-52.54	-111.83
Change in Inventory	7.02	7.02	-35.16	8.87	-13.25	-36.09
Change in Accounts Payable	11.33	11.33	42.18	-65.47	-67.04	63.77
Change in Other Net Operating Assets	-	-	-	-	-31.08	-
Operating Cash Flow	75.08	96.72	17.68	-35.39	-37.26	53.83
Operating Cash Flow Growth	40.17%	447.16%	-	-	-	-25.01%
Capital Expenditures	-7.65	-24.47	-136.61	-37.07	-66.72	-81.36
Sale of Property, Plant & Equipment	-	-	-	0.66	-	-
Cash Acquisitions	-	-	0.25	0.01	-2.87	-
Divestitures	-	-	-	4.9	-	-
Investment in Securities	-18.1	-3.36	-52.77	-71.12	-15.78	-30
Other Investing Activities	0.06	0.06	-	0.02	0.5	3.41
Investing Cash Flow	-25.69	-27.77	-189.13	-102.61	-84.87	-107.95
Short-Term Debt Issued	-	-	213.42	72.82	-	-
Long-Term Debt Issued	-	163.1	-	-	-	-
Total Debt Issued	153.1	163.1	213.42	72.82	-	-
Short-Term Debt Repaid	-	-	-137.17	-22.82	-	-
Long-Term Debt Repaid	-	-164.25	-	-	-	-
Total Debt Repaid	-164.25	-164.25	-137.17	-22.82	-	-
Net Debt Issued (Repaid)	-11.15	-1.15	76.25	50	-	-
Issuance of Common Stock	0.1	0.1	-	-	-	-
Common Dividends Paid	-4.12	-3.99	-16.41	-12.95	-12.24	-29.24
Other Financing Activities	-0.16	-0.2	-	0.59	-	-7.81
Financing Cash Flow	-15.34	-5.24	59.84	37.64	-12.24	-37.05
Foreign Exchange Rate Adjustments	-0.13	0.14	-0.25	-0.04	0.05	-0.29
Net Cash Flow	33.93	63.85	-111.86	-100.4	-134.31	-91.46
Free Cash Flow	67.43	72.26	-118.93	-72.47	-103.98	-27.54
Free Cash Flow Margin	19.58%	20.91%	-37.36%	-23.56%	-32.26%	-5.62%
Free Cash Flow Per Share	0.50	0.54	-0.88	-0.53	-0.76	-0.20
Cash Income Tax Paid	23.74	21.4	27.07	49.31	22.36	33.16
Levered Free Cash Flow	83.97	100.27	-171.72	-33.75	-117.69	-84.69
Unlevered Free Cash Flow	83.97	100.27	-169.96	-33.06	-117.69	-84.69
Change in Working Capital	18.87	18.87	-35.71	-131.28	-164.06	-86.9

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