SHA:605199 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	-168.12	-274.46	10.85	85.68	72.14	121.5
Depreciation & Amortization	76.67	76.67	58.88	51.03	48.17	43.51
Other Amortization	2.78	2.78	0.83	0.54	0.31	0.3
Loss (Gain) From Sale of Assets	-0.04	-0.04	0.08	0.01	0.09	0.2
Asset Writedown & Restructuring Costs	0.86	0.86	-	0.54	1.83	10.92
Loss (Gain) From Sale of Investments	-8.18	-8.18	-0.35	-0.55	-0.32	-1.72
Provision & Write-off of Bad Debts	4.09	4.09	15.58	-0.23	3.23	-
Other Operating Activities	201.49	44.43	33.35	22.89	12.65	11.41
Change in Accounts Receivable	17.8	17.8	-63.98	-245.05	-34.15	-197.45
Change in Inventory	-173.06	-173.06	-74.9	-6.06	-28.79	-35.84
Change in Accounts Payable	165.42	165.42	48.19	326.9	20.38	64.07
Operating Cash Flow	114.28	-149.12	28.25	238.71	102.48	3.3
Operating Cash Flow Growth	45.94%	-	-88.17%	132.93%	3005.68%	-97.72%
Capital Expenditures	-85.02	-156.23	-489.2	-392.32	-137.62	-59.42
Sale of Property, Plant & Equipment	0.07	0.07	0.08	0.26	0.11	0.08
Cash Acquisitions	-	-	-35.1	-	-	-
Divestitures	-	13.68	-	-	-	-
Investment in Securities	-	-	-	-19.54	0.11	1.72
Other Investing Activities	-	-	-	-	-	-20
Investing Cash Flow	-84.95	-142.48	-524.21	-411.6	-117.1	-77.62
Long-Term Debt Issued	-	735.74	1,140	686.02	464.22	242.27
Long-Term Debt Repaid	-	-620.52	-552.39	-507.52	-260.53	-123.74
Net Debt Issued (Repaid)	-88.27	115.22	588.08	178.5	203.68	118.53
Issuance of Common Stock	-	-	-	-	-	173.12
Common Dividends Paid	-38.54	-92.16	-31.56	-14.35	-73.75	-8
Other Financing Activities	55.43	-1.23	-3.47	-	16.38	-22.55
Financing Cash Flow	-71.38	21.83	553.06	164.15	146.32	261.1
Net Cash Flow	-42.04	-269.77	57.1	-8.74	131.7	186.79
Free Cash Flow	29.26	-305.35	-460.95	-153.61	-35.14	-56.12
Free Cash Flow Margin	2.75%	-21.60%	-25.68%	-10.14%	-2.60%	-4.83%
Free Cash Flow Per Share	0.08	-0.77	-1.27	-0.38	-0.09	-0.15
Cash Income Tax Paid	116.48	147.75	133.28	138.47	124.58	149.62
Levered Free Cash Flow	200.72	-208.27	-516.59	-206.31	-52.48	-129.2
Unlevered Free Cash Flow	227.45	-188.43	-505.19	-195.06	-43.81	-123.51
Change in Working Capital	4.73	4.73	-90.98	78.81	-35.62	-182.82

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