SHA:605555 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	94.3	162.68	410.83	322.18	298.55	300.67
Depreciation & Amortization	146.36	146.36	112.7	82.59	52.85	50.08
Other Amortization	31.07	31.07	23.21	20.81	17.45	11.7
Loss (Gain) From Sale of Assets	-2.65	-2.65	-0.1	-0.18	4.65	0.98
Asset Writedown & Restructuring Costs	34.97	34.97	-0.32	-	-	-
Loss (Gain) From Sale of Investments	-4.08	-4.08	-12.16	-0.9	-8.24	-25.97
Provision & Write-off of Bad Debts	-	-	1.85	4.08	0.71	-0.42
Other Operating Activities	196.39	23.42	-18.31	-21.92	-135.96	35.04
Change in Accounts Receivable	-161.44	-161.44	-444.41	-290.91	449.94	-116.28
Change in Inventory	-315.68	-315.68	-209.85	-124.77	73.87	-80.95
Change in Accounts Payable	137.18	137.18	399.91	480.23	-412.97	63.04
Operating Cash Flow	129.8	25.22	255.17	469.16	345.82	235.03
Operating Cash Flow Growth	-17.70%	-90.11%	-45.61%	35.66%	47.14%	114.80%
Capital Expenditures	-497.32	-562.68	-509.07	-337.24	-364.76	-106.65
Sale of Property, Plant & Equipment	0.59	3.38	0.44	0.68	2.23	0.29
Investment in Securities	17.86	-64.23	319.81	-296.64	-29.12	-53.35
Other Investing Activities	-25.94	-25.94	0.67	-5.19	-	1.71
Investing Cash Flow	-504.8	-649.47	-188.15	-638.4	-391.65	-157.99
Long-Term Debt Issued	-	1,836	454.79	297.8	378.23	562.86
Long-Term Debt Repaid	-	-1,621	-324.52	-664.07	-152.59	-665.25
Net Debt Issued (Repaid)	65.46	215.46	130.26	-366.28	225.64	-102.4
Issuance of Common Stock	-	-	-	-	-	1,506
Common Dividends Paid	-137.73	-136.27	-134.83	-140.28	-71.45	-7.48
Other Financing Activities	-18.52	-18.85	-	-	-	-26.85
Financing Cash Flow	-90.78	60.34	-4.56	-506.55	154.19	1,370
Foreign Exchange Rate Adjustments	-29.77	-6.15	31.45	22.64	100.11	-10.88
Net Cash Flow	-495.55	-570.06	93.9	-653.16	208.47	1,436
Free Cash Flow	-367.52	-537.46	-253.91	131.92	-18.94	128.39
Free Cash Flow Margin	-8.13%	-11.95%	-6.20%	4.75%	-0.98%	4.52%
Free Cash Flow Per Share	-0.79	-1.12	-0.52	0.27	-0.04	0.34
Cash Income Tax Paid	-	-243.66	-192.33	-130.87	-73.41	-153.89
Levered Free Cash Flow	-382.23	-588.97	-222.23	144.98	-407.44	108.49
Unlevered Free Cash Flow	-382.23	-588.97	-217.39	151.81	-402.86	113.45
Change in Working Capital	-366.56	-366.56	-262.53	62.5	115.81	-137.04

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