Sanxiang Impression 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	Jan '22 Jan 1, 2022
Net Income	-323.87	-303.21	19.28	1.24	29.94	113.47
Depreciation & Amortization	58.28	58.28	55.94	51.51	54.68	47.62
Other Amortization	0.92	0.92	1.75	1.49	1.96	1.98
Loss (Gain) From Sale of Assets	-0.6	-0.6	0.03	1.04	-0.12	-3.83
Asset Writedown & Restructuring Costs	316.61	316.61	24.15	6.69	-	0.03
Loss (Gain) From Sale of Investments	2.9	2.9	8.43	55.03	38.37	16.46
Provision & Write-off of Bad Debts	-	-	4.29	-7.11	17.83	2.63
Other Operating Activities	122.96	13.84	-39.47	-21.21	16.46	6.36
Change in Accounts Receivable	39.73	39.73	370.59	-144.39	251.9	-203.17
Change in Inventory	211.81	211.81	108.42	-198.25	-242.5	1,531
Change in Accounts Payable	-303.6	-303.6	-489.46	333.65	-53.89	-1,377
Operating Cash Flow	34.9	-53.55	76.88	4.51	119.72	171.12
Operating Cash Flow Growth	-67.74%	-	1605.20%	-96.23%	-30.04%	-93.95%
Capital Expenditures	-3.25	-3.24	-7.64	-4.43	-2.07	-3.08
Sale of Property, Plant & Equipment	0.56	1	0.33	3.13	0.21	4.36
Divestitures	-	-	-	-	16.77	649.8
Investment in Securities	-0.86	-0.86	-1.6	1.65	22.32	75.73
Other Investing Activities	13.45	13.21	11.54	1.67	-	47.13
Investing Cash Flow	9.9	10.11	2.63	2.01	37.23	773.95
Long-Term Debt Issued	-	133	281.67	160.85	323.1	1,170
Long-Term Debt Repaid	-	-72.67	-660.18	-338.32	-299.83	-1,796
Net Debt Issued (Repaid)	20.24	60.33	-378.51	-177.46	23.27	-625.64
Common Dividends Paid	-16.52	-16.21	-19.02	-55.04	-200.6	-759.26
Other Financing Activities	-4.23	-4.23	9.8	-	-	-16.71
Financing Cash Flow	-0.51	39.89	-387.73	-232.5	-177.33	-1,402
Foreign Exchange Rate Adjustments	0.03	0.01	-0.01	0.02	-0	-0.01
Net Cash Flow	44.31	-3.55	-308.23	-225.96	-20.39	-456.56
Free Cash Flow	31.65	-56.79	69.24	0.07	117.64	168.05
Free Cash Flow Growth	-68.74%	-	93060.01%	-99.94%	-30.00%	-94.05%
Free Cash Flow Margin	4.36%	-7.72%	5.72%	0.01%	8.72%	5.59%
Free Cash Flow Per Share	0.03	-0.05	0.07	-	0.12	0.15
Cash Income Tax Paid	166.78	193.82	80	238.93	-45.87	266.14
Levered Free Cash Flow	402.65	284.53	-16.41	163.17	-156.53	965.55
Unlevered Free Cash Flow	402.65	284.53	-4.58	177.1	-131.24	1,014
Change in Working Capital	-142.3	-142.3	2.48	-84.18	-39.42	-13.59

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