SHA:605389 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	133.1	126.23	94.73	101.69	127.13	201.51
Depreciation & Amortization	66.69	66.69	69.23	59.87	53.22	23.08
Other Amortization	3.66	3.66	3.04	1.73	0.3	-
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.55	-0.11	-0.29	-0.15
Asset Writedown & Restructuring Costs	36.23	36.23	3.06	1.99	6.31	3.89
Loss (Gain) From Sale of Investments	-8.28	-8.28	-5.66	-5.52	-5.4	-2.29
Provision & Write-off of Bad Debts	11.75	11.75	18.02	-8.73	-	-
Other Operating Activities	-30.66	6.61	9.86	6.65	-1.66	0.33
Change in Accounts Receivable	-133.11	-133.11	-63.43	10.81	-28.73	-20.81
Change in Inventory	-17.57	-17.57	9.69	3.9	-4.24	-71.76
Change in Accounts Payable	70.4	70.4	-54.84	12.47	-43.37	-33.65
Operating Cash Flow	127.21	157.61	77.49	185.45	108.52	108.36
Operating Cash Flow Growth	52.90%	103.39%	-58.21%	70.89%	0.15%	-47.35%
Capital Expenditures	-41.75	-73.65	-37.76	-36.34	-50.45	-364.63
Sale of Property, Plant & Equipment	1.63	1.65	1.63	0.41	3.01	1.07
Cash Acquisitions	-	-	-65.28	-34.43	-	-
Investment in Securities	88.24	85	-310	55.5	-140	-30
Other Investing Activities	55.85	8.77	5.99	5.85	5.4	2.29
Investing Cash Flow	103.97	21.77	-405.41	-9.01	-182.03	-391.28
Short-Term Debt Issued	-	26.42	-	-	-	-
Total Debt Issued	14.76	26.42	-	-	-	-
Short-Term Debt Repaid	-	-14.66	-9	-4	-	-
Total Debt Repaid	-14.66	-14.66	-9	-4	-	-
Net Debt Issued (Repaid)	0.1	11.76	-9	-4	-	-
Issuance of Common Stock	-	-	-	-	-	913.74
Common Dividends Paid	-103.98	-103.93	-108.15	-47.85	-58.4	-29.2
Other Financing Activities	-0.02	-	-3	-	-	-19.4
Financing Cash Flow	-103.89	-92.17	-120.15	-51.85	-58.4	865.14
Foreign Exchange Rate Adjustments	0.49	-0.27	1.74	0.5	1.66	-0.33
Net Cash Flow	127.78	86.95	-446.32	125.1	-130.24	581.89
Free Cash Flow	85.45	83.96	39.73	149.11	58.07	-256.28
Free Cash Flow Growth	258.96%	111.32%	-73.35%	156.77%	-	-
Free Cash Flow Margin	7.64%	7.82%	4.50%	18.49%	6.48%	-28.27%
Free Cash Flow Per Share	0.60	0.58	0.28	1.03	0.42	-2.01
Cash Income Tax Paid	84.1	73.34	55.83	50.84	19.73	76.23
Levered Free Cash Flow	74.27	59.15	-13.08	145.04	-18.93	-293.4
Unlevered Free Cash Flow	76.71	59.28	-13.04	145.14	-18.93	-293.4
Change in Working Capital	-85.25	-85.25	-114.25	27.89	-71.08	-118.01

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