GuangDong ShaoNeng Group 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	52.42	76.7	-266.03	-74.26	26.82	214.21
Depreciation & Amortization	613.9	613.9	612.57	563.68	539.34	487.64
Other Amortization	7.96	7.96	21	23.78	22.64	9.52
Loss (Gain) on Sale of Assets	3.59	3.59	0.3	-1.08	-0.85	-4.42
Loss (Gain) on Sale of Investments	3.34	3.34	-0.59	-2.15	-1.63	46.66
Asset Writedown	9.26	9.26	21.76	22.61	8.18	12.92
Change in Accounts Receivable	389.96	389.96	-216.33	-296.53	-767.42	-585.57
Change in Inventory	-138.84	-138.84	-65.71	-66.71	76.68	-232.9
Change in Accounts Payable	111.68	111.68	120.71	57.36	80.55	259.46
Change in Other Net Operating Assets	-	-	-	-	0.85	-
Other Operating Activities	-408.17	291.83	310.99	310.82	323.5	270.37
Operating Cash Flow	663.51	1,388	490.33	537.82	332.03	491.64
Operating Cash Flow Growth	-52.91%	183.03%	-8.83%	61.98%	-32.46%	-33.79%
Capital Expenditures	-303.47	-544.52	-355.95	-495.5	-676.29	-1,077
Sale of Property, Plant & Equipment	16.47	0.21	4.43	2.93	14.09	7.61
Cash Acquisitions	0.79	0.79	-13.37	-77.68	-	-
Divestitures	2	-	-	-	37.4	22.41
Investment in Securities	-11.41	-24.62	1.5	-4.7	3.86	-33.74
Other Investing Activities	0.08	-2.1	0.09	2.13	1.99	0.05
Investing Cash Flow	-295.54	-570.24	-363.29	-572.83	-618.95	-1,080
Long-Term Debt Issued	-	3,334	2,625	2,131	2,248	3,540
Long-Term Debt Repaid	-	-3,686	-2,459	-1,882	-1,642	-2,263
Net Debt Issued (Repaid)	489.53	-351.44	165.68	248.73	606.09	1,278
Repurchase of Common Stock	-92.37	-92.37	-10.92	-16.18	-56.62	-
Common Dividends Paid	-421.49	-255.13	-297.95	-328.17	-326.63	-568.18
Other Financing Activities	-118.83	5.33	8.16	-5.56	11.69	2.55
Financing Cash Flow	-143.15	-693.6	-135.03	-101.18	234.53	711.99
Foreign Exchange Rate Adjustments	3.06	4.03	1.48	2.34	-2.01	-3.99
Net Cash Flow	227.89	127.97	-6.5	-133.84	-54.4	119.37
Free Cash Flow	360.04	843.28	134.39	42.32	-344.26	-584.95
Free Cash Flow Growth	-58.20%	527.50%	217.55%	-	-	-
Free Cash Flow Margin	7.63%	18.99%	3.27%	1.10%	-9.33%	-9.53%
Free Cash Flow Per Share	0.33	0.77	0.13	0.04	-0.32	-0.55
Cash Interest Paid	-	-	-	-	-	2.6
Cash Income Tax Paid	191.55	208.93	114.88	153.57	182.06	159.42
Levered Free Cash Flow	38.15	494.76	-20.73	-187.99	-396.64	-975.45
Unlevered Free Cash Flow	178.69	652.16	160.38	-10.73	-221.96	-833.63
Change in Working Capital	398.42	398.42	-251.73	-364.71	-620.56	-577.68

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.