SHA:605599 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	811.74	719.01	706.79	460.13	363.53	361.75
Depreciation & Amortization	77.45	77.45	75.34	64.85	56.56	16.41
Other Amortization	23.5	23.5	15.8	18.18	15.03	14.53
Loss (Gain) From Sale of Assets	-0.58	-0.58	-0.13	-0.04	-0.04	-0.08
Asset Writedown & Restructuring Costs	0	0	0.01	-	-	-
Loss (Gain) From Sale of Investments	-19.28	-19.28	-16.19	-14.29	-18.81	-18.3
Provision & Write-off of Bad Debts	-0.01	-0.01	-0.25	-16.49	16.89	0.08
Other Operating Activities	803.15	33.5	39.35	33.97	21.97	24.95
Change in Accounts Receivable	-236.76	-236.76	-124.58	-52.75	-2.36	181.34
Change in Inventory	-714.92	-714.92	-529.67	17.8	-1,035	464.98
Change in Accounts Payable	467.52	467.52	481.69	70.8	201.71	-127.08
Change in Other Net Operating Assets	31.72	31.72	37.3	25.1	-18.95	17.38
Operating Cash Flow	1,244	381.24	690.95	606.68	-404.07	936.73
Operating Cash Flow Growth	36.22%	-44.82%	13.89%	-	-	4433.53%
Capital Expenditures	-41.79	-40.55	-32.74	-48.09	-36.93	-48.23
Sale of Property, Plant & Equipment	0.1	-	0.11	0.06	0.08	0.02
Investment in Securities	-70	-70	-109.9	100	201.92	-290.1
Other Investing Activities	-272.54	17.63	15.87	20.66	18.67	14.32
Investing Cash Flow	-384.23	-92.91	-126.65	72.62	183.75	-323.99
Long-Term Debt Repaid	-	-73.19	-66.34	-48.39	-38.34	-
Total Debt Repaid	-73.19	-73.19	-66.34	-48.39	-38.34	-
Net Debt Issued (Repaid)	-73.19	-73.19	-66.34	-48.39	-38.34	-
Issuance of Common Stock	-	-	-	-	741.78	-
Common Dividends Paid	-560	-544.52	-357.7	-280	-	-364.07
Other Financing Activities	-26.2	-22.94	-19.11	-23.96	-32.78	-19.23
Financing Cash Flow	-659.39	-640.65	-443.15	-352.35	670.66	-383.3
Net Cash Flow	200	-352.32	121.15	326.96	450.34	229.45
Free Cash Flow	1,202	340.69	658.21	558.59	-440.99	888.51
Free Cash Flow Growth	36.06%	-48.24%	17.83%	-	-	-
Free Cash Flow Margin	4.74%	1.68%	3.98%	5.08%	-4.24%	12.57%
Free Cash Flow Per Share	1.54	0.44	0.85	0.72	-0.61	1.28
Cash Income Tax Paid	782	668.73	649.17	460.74	404.96	371.62
Levered Free Cash Flow	1,236	265.52	499.37	478.52	-528.93	838.38
Unlevered Free Cash Flow	1,253	281.87	513.81	488.37	-516.57	850.4
Change in Working Capital	-452.35	-452.35	-129.77	60.37	-859.21	537.39

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