Shanghai Chemspec Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-49.53	112.7	180.56	134.07
Depreciation & Amortization	165.11	135.85	129.13	102.54
Other Amortization	0.12	-	-	0.56
Loss (Gain) From Sale of Assets	-0.54	-27.72	-0.06	0.13
Asset Writedown & Restructuring Costs	40.27	22.25	12.8	2.72
Loss (Gain) From Sale of Investments	-57.9	-14.55	-34.17	20.96
Stock-Based Compensation	12.03	7.78	6.14	-0.34
Provision & Write-off of Bad Debts	3.58	-1.57	-1.67	0.47
Other Operating Activities	-11.52	8.82	9.3	21.52
Change in Accounts Receivable	-9.17	-10.46	15.52	-170.42
Change in Inventory	-40.12	74.59	-206.75	-124.09
Change in Accounts Payable	37	-93.35	48.28	122.66
Operating Cash Flow	60.8	212.85	158.79	101.36
Operating Cash Flow Growth	-71.44%	34.05%	56.66%	58.02%
Capital Expenditures	-161.63	-131.44	-145.6	-177.43
Sale of Property, Plant & Equipment	3.14	27.28	0.2	0.59
Investment in Securities	-15.8	-387.2	-13.93	-69.28
Other Investing Activities	24.22	21.59	5.23	19.34
Investing Cash Flow	-150.07	-469.77	-154.1	-226.78
Long-Term Debt Issued	199	212.6	147.7	145.56
Long-Term Debt Repaid	-227.76	-239.85	-190.53	-171.85
Net Debt Issued (Repaid)	-28.76	-27.25	-42.83	-26.28
Issuance of Common Stock	-	899.56	-	370
Common Dividends Paid	-40.48	-8.07	-8.82	-12.2
Other Financing Activities	-	-83.35	-6.84	-3.58
Financing Cash Flow	-69.23	780.89	-58.48	327.94
Foreign Exchange Rate Adjustments	5.62	1.37	2.92	0.48
Net Cash Flow	-152.88	525.34	-50.87	203
Free Cash Flow	-100.83	81.41	13.19	-76.08
Free Cash Flow Growth	-	517.13%	-	-
Free Cash Flow Margin	-14.94%	8.31%	1.06%	-7.57%
Free Cash Flow Per Share	-0.20	0.18	0.03	-0.20
Cash Income Tax Paid	-12.33	-66.55	-7.93	29.38
Levered Free Cash Flow	-77.22	66.86	-106.06	-106.63
Unlevered Free Cash Flow	-72.59	72.54	-101.72	-100.97
Change in Working Capital	-40.84	-30.71	-143.26	-181.28

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