SHA:605577 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	238.68	224.08	201.35	348.22	477.95	442.93
Depreciation & Amortization	91.32	91.32	81.46	76.06	75.58	78.76
Other Amortization	1.99	1.99	3.05	1.96	2.18	2.08
Loss (Gain) From Sale of Assets	-0.08	-0.08	-0	-0.01	-0.13	-0.23
Asset Writedown & Restructuring Costs	-11.95	-11.95	-3.29	-0.03	0.04	-0.02
Loss (Gain) From Sale of Investments	-1.26	-1.26	-10.82	-10.83	-14.76	-15.03
Provision & Write-off of Bad Debts	-	-	-5.61	7.1	16.7	9.47
Other Operating Activities	19.83	22.54	32.63	35.77	36.1	44.9
Change in Accounts Receivable	73.66	73.66	17.27	109.79	-71.65	-45.69
Change in Inventory	13.14	13.14	48.55	0.75	6.5	-16.54
Change in Accounts Payable	-83.49	-83.49	-162.42	-138.24	-173.65	-213.96
Operating Cash Flow	341.85	329.96	250.86	381.85	354.86	286.68
Operating Cash Flow Growth	165.18%	31.53%	-34.30%	7.61%	23.78%	17.15%
Capital Expenditures	-31.75	-35.46	-40.6	-67.79	-78.12	-57.49
Sale of Property, Plant & Equipment	0.16	0.14	0.02	0.03	0.28	0.66
Cash Acquisitions	-	-	-51.81	-	-	-
Investment in Securities	-	-	-1,850	136.95	-260	48
Other Investing Activities	-303.53	-308.11	10.62	10.89	14.83	15.31
Investing Cash Flow	-335.12	-343.44	-1,932	80.08	-323.01	6.48
Issuance of Common Stock	-	-	-	-	-	228.81
Common Dividends Paid	-66.67	-66.67	-	-	-44.44	-17.6
Other Financing Activities	-	-	-39.56	-49.1	-	-0.18
Financing Cash Flow	-66.67	-66.67	-39.56	-49.1	-44.44	211.02
Net Cash Flow	-59.94	-80.15	-1,720	412.83	-12.59	504.18
Free Cash Flow	310.1	294.49	210.26	314.06	276.74	229.19
Free Cash Flow Growth	240.57%	40.06%	-33.05%	13.48%	20.75%	3.86%
Free Cash Flow Margin	19.95%	19.40%	12.64%	16.52%	15.32%	12.80%
Free Cash Flow Per Share	0.70	0.66	0.47	0.71	0.62	0.55
Cash Income Tax Paid	-	-6.48	74.77	37.81	18.43	34.38
Levered Free Cash Flow	205.39	207.27	80.48	271.38	340.26	261.8
Unlevered Free Cash Flow	205.39	207.27	80.48	271.38	340.26	261.81
Change in Working Capital	3.31	3.31	-47.9	-76.4	-238.8	-276.19

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