SHA:605208 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	69.12	37.51	30.91	94.19	227.32
Depreciation & Amortization	191.42	171.53	168.38	150.78	130.73
Other Amortization	57.6	56.13	24.99	30.51	32.12
Loss (Gain) From Sale of Assets	3.07	0.26	1.3	0.15	0.1
Asset Writedown & Restructuring Costs	21.89	1.16	1.41	0.01	0.21
Loss (Gain) From Sale of Investments	-0.1	-0.14	7.35	47.74	-63.99
Provision & Write-off of Bad Debts	20.57	21.3	4.99	3.07	13.72
Other Operating Activities	36.87	43.19	32.22	30.04	31.61
Change in Accounts Receivable	-793.21	-460.8	-214.62	-289.22	-363.31
Change in Inventory	-18.63	-175.73	87.43	-86.07	-231.97
Change in Accounts Payable	117.17	110.1	-45.77	70.18	66.31
Change in Other Net Operating Assets	21.64	6.22	6.27	5.08	2.81
Operating Cash Flow	-269.7	-211.36	93.2	51.06	-159.94
Operating Cash Flow Growth	-	-	82.54%	-	-
Capital Expenditures	-231.79	-266.76	-177.5	-246.01	-235.16
Sale of Property, Plant & Equipment	2.31	2.35	0.62	0.69	0.21
Investment in Securities	-16	-	-	-	-
Other Investing Activities	10.97	-10.32	-2.79	-18.13	23.46
Investing Cash Flow	-234.5	-274.73	-179.67	-263.45	-211.49
Short-Term Debt Issued	-	-	-	-	601.94
Long-Term Debt Issued	2,173	1,220	1,013	949.48	-
Total Debt Issued	2,173	1,220	1,013	949.48	601.94
Short-Term Debt Repaid	-	-	-	-	-546.95
Long-Term Debt Repaid	-1,464	-723.94	-947.27	-634.28	-135.05
Total Debt Repaid	-1,464	-723.94	-947.27	-634.28	-682
Net Debt Issued (Repaid)	709.17	495.82	66.21	315.2	-80.06
Issuance of Common Stock	-	-	-	-	584.4
Repurchase of Common Stock	-	-37.2	-	-	-
Common Dividends Paid	-38.94	-30.66	-32.17	-52.81	-46.2
Other Financing Activities	18.39	-	50	-41.2	-34.65
Financing Cash Flow	688.62	427.97	84.04	221.19	423.49
Foreign Exchange Rate Adjustments	1.48	1.15	3.58	2.97	-0.98
Net Cash Flow	185.9	-56.98	1.14	11.76	51.08
Free Cash Flow	-501.49	-478.12	-84.3	-194.95	-395.1
Free Cash Flow Margin	-8.58%	-11.66%	-2.38%	-5.52%	-12.01%
Free Cash Flow Per Share	-1.56	-1.40	-0.24	-0.60	-1.28
Cash Income Tax Paid	-	146.67	123.24	158.21	140.11
Levered Free Cash Flow	-265.59	-402.98	-101.19	-233.6	-419.06
Unlevered Free Cash Flow	-240.81	-383.37	-86.1	-217.75	-406.39
Change in Working Capital	-670.13	-542.31	-178.43	-305.44	-531.76

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.