SHA:605389 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	141.6	94.73	101.69	127.13	201.51
Depreciation & Amortization	66.81	69.09	59.87	53.22	23.08
Other Amortization	3.54	3.18	1.73	0.3	-
Loss (Gain) From Sale of Assets	-0.02	-0.55	-0.11	-0.29	-0.15
Asset Writedown & Restructuring Costs	27.56	3.06	1.99	6.31	3.89
Loss (Gain) From Sale of Investments	-8.28	-5.66	-5.52	-5.4	-2.29
Provision & Write-off of Bad Debts	-	18.02	-8.73	-	-
Other Operating Activities	11.66	9.86	6.65	-1.66	0.33
Change in Accounts Receivable	-133.11	-63.43	10.81	-28.73	-20.81
Change in Inventory	-17.57	9.69	3.9	-4.24	-71.76
Change in Accounts Payable	70.4	-54.84	12.47	-43.37	-33.65
Operating Cash Flow	157.61	77.49	185.45	108.52	108.36
Operating Cash Flow Growth	103.39%	-58.21%	70.89%	0.15%	-47.35%
Capital Expenditures	-73.65	-37.76	-36.34	-50.45	-364.63
Sale of Property, Plant & Equipment	1.65	1.63	0.41	3.01	1.07
Cash Acquisitions	-	-65.28	-34.43	-	-
Investment in Securities	-	-310	55.5	-140	-30
Other Investing Activities	93.77	5.99	5.85	5.4	2.29
Investing Cash Flow	21.77	-405.41	-9.01	-182.03	-391.28
Long-Term Debt Issued	26.42	-	-	-	-
Total Debt Issued	26.42	-	-	-	-
Short-Term Debt Repaid	-	-9	-4	-	-
Long-Term Debt Repaid	-14.66	-	-	-	-
Total Debt Repaid	-14.66	-9	-4	-	-
Net Debt Issued (Repaid)	11.76	-9	-4	-	-
Issuance of Common Stock	-	-	-	-	913.74
Common Dividends Paid	-103.93	-108.15	-47.85	-58.4	-29.2
Other Financing Activities	-	-3	-	-	-19.4
Financing Cash Flow	-92.17	-120.15	-51.85	-58.4	865.14
Foreign Exchange Rate Adjustments	-0.27	1.74	0.5	1.66	-0.33
Net Cash Flow	86.95	-446.32	125.1	-130.24	581.89
Free Cash Flow	83.96	39.73	149.11	58.07	-256.28
Free Cash Flow Growth	111.32%	-73.35%	156.77%	-	-
Free Cash Flow Margin	7.82%	4.50%	18.49%	6.48%	-28.27%
Free Cash Flow Per Share	0.58	0.28	1.03	0.42	-2.01
Cash Income Tax Paid	73.34	55.83	50.84	19.73	76.23
Levered Free Cash Flow	73.3	-13.08	145.04	-18.93	-293.4
Unlevered Free Cash Flow	73.3	-13.04	145.14	-18.93	-293.4
Change in Working Capital	-85.25	-114.25	27.89	-71.08	-118.01

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