Great River Smart Logistics Co., Ltd. (SHE:002930)

SHE:002930 Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Net Income	-432.21	-429.65	158.33	296.33	224.45	271.54
Depreciation & Amortization	478.3	478.3	465.46	424.32	343.86	243.12
Other Amortization	49.82	49.82	41.23	32.5	26.34	19.46
Loss (Gain) From Sale of Assets	0.71	0.71	-0.69	2.1	-0.02	0.08
Asset Writedown & Restructuring Costs	315.24	315.24	27.93	1.23	1.98	0.27
Loss (Gain) From Sale of Investments	-4.6	-4.6	-21.22	-24.31	-28.35	-6.09
Provision & Write-off of Bad Debts	-2.22	-2.22	5.68	1.6	0.61	7.05
Other Operating Activities	276.04	252.51	279.22	311.98	269.91	178.21
Change in Accounts Receivable	-10.02	-10.02	13.57	13.88	56.74	-3.33
Change in Inventory	-5.49	-5.49	-1.33	0.12	0.39	0.71
Change in Accounts Payable	92.22	92.22	-50.27	10.99	-77.86	90.43
Change in Other Net Operating Assets	31.38	31.38	21.8	5.2	-	-
Operating Cash Flow	776.39	755.42	912.08	1,056	848.77	778.8
Operating Cash Flow Growth	-16.30%	-17.18%	-13.63%	24.42%	8.98%	32.97%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Capital Expenditures	-364.68	-407.62	-482.45	-296.92	-369.26	-647.23
Sale of Property, Plant & Equipment	14.01	3.75	0.49	0.33	0.11	0.7
Cash Acquisitions	-	-	-292.78	-601.72	-1,422	-
Investment in Securities	-164.98	-128.24	-1.12	-20.6	97.14	1.4
Other Investing Activities	42.62	31.88	269.03	-211.09	-147.43	-58.35
Investing Cash Flow	-403.9	-431.09	-456.88	-909.55	-1,627	-703.49

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Long-Term Debt Issued	-	1,524	1,649	2,227	2,613	583.6
Short-Term Debt Repaid	-	-	-	-51.27	-	-
Long-Term Debt Repaid	-	-1,614	-1,684	-2,569	-993.07	-596.46
Total Debt Repaid	-1,290	-1,614	-1,684	-2,620	-993.07	-596.46
Net Debt Issued (Repaid)	-121.15	-89.38	-35.27	-392.38	1,620	-12.86
Issuance of Common Stock	-	-	11.2	91.3	68.26	34.3
Repurchase of Common Stock	-	-	-	-	-0.47	-
Common Dividends Paid	-268.25	-295.16	-344.82	-365.81	-346.23	-287.2
Other Financing Activities	12.01	-17.69	-23.31	662.15	-951.49	257.63
Financing Cash Flow	-377.39	-402.23	-392.2	-4.75	390.07	-8.14

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Foreign Exchange Rate Adjustments	-3.66	-4.09	0.12	2.61	-63.09	-0.24
Net Cash Flow	-8.57	-82	63.12	144.35	-451.14	66.94

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Free Cash Flow	411.7	347.8	429.63	759.12	479.51	131.57
Free Cash Flow Growth	-1.87%	-19.05%	-43.40%	58.31%	264.45%	28.61%
Free Cash Flow Margin	33.86%	29.22%	29.63%	49.07%	37.96%	12.09%
Free Cash Flow Per Share	0.88	0.76	0.92	1.67	1.07	0.28
Levered Free Cash Flow	177.27	91.01	-106.57	799.46	86.82	-478.53
Unlevered Free Cash Flow	309.76	224.36	45.75	966.44	231.65	-388.6

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021
Cash Income Tax Paid	116.08	118.79	149.85	166.61	101.35	116.11
Change in Working Capital	95.3	95.3	-43.86	10.29	10	65.16

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

Data Sources Report a data error