SHA:605288 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	34.86	60.75	86.72	107.63	48.61	116.58
Depreciation & Amortization	96.76	96.76	84.12	77.76	61.78	50.89
Other Amortization	4.29	4.29	6.85	2.68	2.6	2.38
Loss (Gain) From Sale of Assets	-0	-0	0.33	0.35	0.53	0.43
Asset Writedown & Restructuring Costs	11.24	11.24	0.26	0.6	0.03	16.79
Loss (Gain) From Sale of Investments	-13.31	-13.31	-8.28	-3.38	-14.42	-24.77
Provision & Write-off of Bad Debts	3.51	3.51	3.32	-0.34	-8.83	-
Other Operating Activities	10.89	2.34	10.05	6.57	-19.59	18.92
Change in Accounts Receivable	-59.9	-59.9	-54.16	-60.44	286.64	-296.33
Change in Inventory	-50.85	-50.85	-67.25	19.41	143.16	-195.6
Change in Accounts Payable	-25.59	-25.59	104.8	84.09	-400.07	254.36
Change in Other Net Operating Assets	-	-	-	-	8.71	16.22
Operating Cash Flow	10.42	27.76	166.74	235.32	105.4	-43.37
Operating Cash Flow Growth	-93.97%	-83.35%	-29.14%	123.27%	-	-
Capital Expenditures	-78.31	-115.25	-89.38	-92.28	-96.87	-170.43
Sale of Property, Plant & Equipment	2.09	2.09	0.87	0.32	0.28	0.16
Investment in Securities	296	366	-280	80	155	245.96
Other Investing Activities	11.69	13.71	8.44	3.66	15.99	22.47
Investing Cash Flow	231.48	266.55	-359.01	-8.31	74.4	98.17
Short-Term Debt Issued	-	-	39.11	-	-	-
Long-Term Debt Issued	-	115.16	-	-	-	-
Total Debt Issued	79.36	115.16	39.11	-	-	-
Short-Term Debt Repaid	-	-	-34.24	-	-	-
Long-Term Debt Repaid	-	-83.69	-4.21	-6.63	-14.69	-10.27
Total Debt Repaid	-83.69	-83.69	-38.45	-6.63	-14.69	-10.27
Net Debt Issued (Repaid)	-4.34	31.47	0.66	-6.63	-14.69	-10.27
Issuance of Common Stock	12.57	12.57	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-20.38	-1.6
Common Dividends Paid	-27.64	-27.64	-33.32	-18.95	-33.98	-51.81
Other Financing Activities	-3.76	-3.76	-	-	1.05	-
Financing Cash Flow	-23.17	12.64	-32.66	-25.59	-68.01	-63.67
Foreign Exchange Rate Adjustments	-19.7	-4.7	-21.57	8.26	21.33	-5.31
Net Cash Flow	199.03	302.25	-246.5	209.69	133.12	-14.19
Free Cash Flow	-67.89	-87.49	77.36	143.04	8.53	-213.8
Free Cash Flow Growth	-	-	-45.92%	1577.43%	-	-
Free Cash Flow Margin	-4.97%	-6.53%	5.79%	11.59%	0.73%	-12.44%
Free Cash Flow Per Share	-0.96	-1.25	1.11	2.03	0.12	-3.04
Cash Income Tax Paid	1.03	-	15.06	8.48	0.24	-27.27
Levered Free Cash Flow	-32.38	-56.92	46.27	149.44	-73.89	-100.22
Unlevered Free Cash Flow	-32.38	-56.92	47.42	150.05	-71.91	-99.44
Change in Working Capital	-137.82	-137.82	-16.63	43.45	34.67	-224.58

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