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 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	-337.63	-284.33	-274.46	10.85	85.68	72.14
Depreciation & Amortization	100.07	100.07	76.67	58.88	51.03	48.17
Other Amortization	1.34	1.34	2.78	0.83	0.54	0.31
Loss (Gain) From Sale of Assets	0.05	0.05	-0.04	0.08	0.01	0.09
Asset Writedown & Restructuring Costs	32.47	32.47	0.86	-	0.54	1.83
Loss (Gain) From Sale of Investments	2.95	2.95	-8.18	-0.35	-0.55	-0.32
Provision & Write-off of Bad Debts	-	-	4.09	15.58	-0.23	3.23
Other Operating Activities	279.43	65.62	44.43	33.35	22.89	12.65
Change in Accounts Receivable	-50.56	-50.56	17.8	-63.98	-245.05	-34.15
Change in Inventory	163.83	163.83	-173.06	-74.9	-6.06	-28.79
Change in Accounts Payable	102.74	102.74	165.42	48.19	326.9	20.38
Change in Other Net Operating Assets	-0.08	-0.08	-	-	-	-
Operating Cash Flow	297.36	136.85	-149.12	28.25	238.71	102.48
Operating Cash Flow Growth	-	-	-	-88.17%	132.93%	3005.68%
Capital Expenditures	-52.07	-83.67	-156.23	-489.2	-392.32	-137.62
Sale of Property, Plant & Equipment	0.01	0.01	0.07	0.08	0.26	0.11
Cash Acquisitions	-	-	-	-35.1	-	-
Divestitures	-	-	13.68	-	-	-
Investment in Securities	-	-	-	-	-19.54	0.11
Investing Cash Flow	-52.07	-83.66	-142.48	-524.21	-411.6	-117.1
Long-Term Debt Issued	-	426.4	735.74	1,140	686.02	464.22
Long-Term Debt Repaid	-	-636.56	-620.52	-552.39	-507.52	-260.53
Net Debt Issued (Repaid)	-236.3	-210.17	115.22	588.08	178.5	203.68
Common Dividends Paid	-31.62	-33.55	-92.16	-31.56	-14.35	-73.75
Other Financing Activities	-48.46	2.48	-1.23	-3.47	-	16.38
Financing Cash Flow	-316.38	-241.25	21.83	553.06	164.15	146.32
Net Cash Flow	-71.09	-188.05	-269.77	57.1	-8.74	131.7
Free Cash Flow	245.29	53.18	-305.35	-460.95	-153.61	-35.14
Free Cash Flow Margin	34.54%	5.90%	-21.60%	-25.68%	-10.14%	-2.60%
Free Cash Flow Per Share	0.61	0.13	-0.77	-1.27	-0.38	-0.09
Cash Income Tax Paid	50.52	91.14	147.75	133.28	138.47	124.58
Levered Free Cash Flow	354.47	172.72	-208.27	-516.59	-206.31	-52.48
Unlevered Free Cash Flow	354.47	172.72	-188.43	-505.19	-195.06	-43.81
Change in Working Capital	218.67	218.67	4.73	-90.98	78.81	-35.62

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