SHENZHEN TOPRAYSOLAR Co.,Ltd. (SHE:002218)
China · Delayed Price · Currency is CNY 4.270
-0.140 (-3.17%)
Sep 14, 2026, 2:30 PM CST
SHENZHEN TOPRAYSOLAR Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Net Income | -196.69 | -199.01 | 10.79 | 23.11 | 96.24 | 195.45 |
Depreciation & Amortization | 315.88 | 333.7 | 335.87 | 308.15 | 301.41 | 316.93 |
Other Amortization | 9.1 | 8.24 | 12.89 | 16.01 | 7.61 | 8.85 |
Loss (Gain) From Sale of Assets | 0.26 | 0.12 | -0.15 | -0.01 | -2.27 | -2.93 |
Asset Writedown & Restructuring Costs | 43.09 | 45.51 | 4.03 | 5.76 | 9.2 | 7.65 |
Loss (Gain) From Sale of Investments | -3.05 | -3.6 | -7.51 | -8.94 | -24.12 | -36.09 |
Provision & Write-off of Bad Debts | 8.82 | 8.82 | -0.8 | 9.97 | -4.96 | -4.89 |
Other Operating Activities | 51.15 | 39.73 | 78.56 | 44.67 | 124.25 | 141.8 |
Change in Accounts Receivable | -275.24 | -412.56 | -129.83 | -233.3 | 244.18 | 175.86 |
Change in Inventory | 54.18 | 97.16 | 69.13 | 25.97 | -107.25 | -23.18 |
Change in Accounts Payable | 420.06 | 414.51 | -207.82 | -94.89 | -170.23 | -619.3 |
Operating Cash Flow | 377.39 | 282.51 | 164.56 | 83.71 | 479.53 | 159.42 |
Operating Cash Flow Growth | 153.09% | 71.68% | 96.58% | -82.54% | 200.81% | -59.56% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Capital Expenditures | 7.94 | -27.33 | -281.35 | -256.11 | -167.51 | -204.53 |
Sale of Property, Plant & Equipment | - | - | 0 | 0.04 | 1.5 | 3.1 |
Divestitures | - | - | - | - | 58.38 | 75.81 |
Investment in Securities | 25.24 | 23.71 | 82.13 | 5.89 | 132.32 | -150 |
Other Investing Activities | 186.4 | 6.19 | 14.43 | 13.68 | 6.83 | - |
Investing Cash Flow | 219.58 | 2.57 | -184.79 | -236.5 | 31.52 | -275.63 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Long-Term Debt Issued | - | 1,170 | 809 | 1,090 | 1,568 | 1,341 |
Long-Term Debt Repaid | - | -1,377 | -551.93 | -1,581 | -1,538 | -1,504 |
Lease Payments | -6.04 | -6.04 | - | - | - | - |
Net Debt Issued (Repaid) | -503.07 | -206.67 | 257.07 | -491.11 | 29.59 | -162.42 |
Issuance of Common Stock | - | - | - | - | - | 983.11 |
Repurchase of Common Stock | - | - | - | -12.93 | -12.48 | - |
Common Dividends Paid | -66.54 | -57.42 | -96.66 | -100.08 | -151.55 | -208.15 |
Other Financing Activities | 39.6 | 15.1 | -9.19 | -26.5 | 59.15 | 42.07 |
Financing Cash Flow | -530.01 | -248.99 | 151.22 | -630.62 | -75.29 | 654.6 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Foreign Exchange Rate Adjustments | -17.18 | 0.49 | 2.31 | 3.36 | 7.48 | -2.34 |
Net Cash Flow | 49.78 | 36.58 | 133.3 | -780.04 | 443.25 | 536.05 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Free Cash Flow | 385.33 | 255.18 | -116.79 | -172.4 | 312.02 | -45.12 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | 38.84% | 24.84% | -8.84% | -15.30% | 23.59% | -3.17% |
Free Cash Flow Per Share | 0.27 | 0.18 | -0.09 | -0.12 | 0.22 | -0.03 |
Levered Free Cash Flow | 444.6 | 466.72 | -22.04 | -123.81 | 316.11 | -244.98 |
Unlevered Free Cash Flow | 468.43 | 503.18 | 17.47 | -79.29 | 388.18 | -154.91 |
Free Cash Flow After Leases | 379.29 | 249.14 | -116.79 | -172.4 | 312.02 | -45.12 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Cash Income Tax Paid | 121.6 | 96.23 | 41.17 | 146.29 | -126.21 | 26.89 |
Change in Working Capital | 148.82 | 49 | -269.13 | -315.01 | -27.84 | -467.34 |