SHA:605199 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-284.33	-274.46	10.85	85.68	72.14
Depreciation & Amortization	100.07	76.67	58.88	51.03	48.17
Other Amortization	1.34	2.78	0.83	0.54	0.31
Loss (Gain) From Sale of Assets	0.05	-0.04	0.08	0.01	0.09
Asset Writedown & Restructuring Costs	32.47	0.86	-	0.54	1.83
Loss (Gain) From Sale of Investments	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	65.62	44.43	33.35	22.89	12.65
Change in Accounts Receivable	-50.56	17.8	-63.98	-245.05	-34.15
Change in Inventory	163.83	-173.06	-74.9	-6.06	-28.79
Change in Accounts Payable	102.74	165.42	48.19	326.9	20.38
Change in Other Net Operating Assets	-0.08	-	-	-	-
Operating Cash Flow	136.85	-149.12	28.25	238.71	102.48
Operating Cash Flow Growth	-	-	-88.17%	132.93%	3005.68%
Capital Expenditures	-83.67	-156.23	-489.2	-392.32	-137.62
Sale of Property, Plant & Equipment	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	-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)	-210.17	115.22	588.08	178.5	203.68
Common Dividends Paid	-33.55	-92.16	-31.56	-14.35	-73.75
Other Financing Activities	2.48	-1.23	-3.47	-	16.38
Financing Cash Flow	-241.25	21.83	553.06	164.15	146.32
Net Cash Flow	-188.05	-269.77	57.1	-8.74	131.7
Free Cash Flow	53.18	-305.35	-460.95	-153.61	-35.14
Free Cash Flow Margin	5.90%	-21.60%	-25.68%	-10.14%	-2.60%
Free Cash Flow Per Share	0.13	-0.77	-1.27	-0.38	-0.09
Cash Income Tax Paid	91.14	147.75	133.28	138.47	124.58
Levered Free Cash Flow	172.72	-208.27	-516.59	-206.31	-52.48
Unlevered Free Cash Flow	172.72	-188.43	-505.19	-195.06	-43.81
Change in Working Capital	218.67	4.73	-90.98	78.81	-35.62

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