Shanghai National Center of Testing and Inspection for Electric Cable and Wire Co., Ltd (SHE:301289)

SHE:301289 Cash Flow Statement

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

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	Jan 1, 2022
Net Income	90.27	86.24	75.28	73.67	73.61	73.21
Depreciation & Amortization	45.59	45.59	42.87	39.12	26.16	22.31
Other Amortization	10.96	10.96	8.81	6.09	4.49	6.26
Loss (Gain) From Sale of Assets	0.54	0.54	-	-0	0.25	0.15
Asset Writedown & Restructuring Costs	0.08	0.08	0.04	0.11	-	-0.25
Loss (Gain) From Sale of Investments	-	-	-	-	-	-0.25
Provision & Write-off of Bad Debts	1.47	1.47	0.6	1.4	0.14	-
Other Operating Activities	19.41	9.33	11.57	11.71	6.21	5.4
Change in Accounts Receivable	-9.25	-9.25	2.13	-8.76	-7.2	14.16
Change in Inventory	-5.18	-5.18	-4.29	0.7	-0.62	-1.24
Change in Accounts Payable	33.17	33.17	36.35	11.54	-4.47	-0.49
Change in Other Net Operating Assets	1.72	1.72	0.9	0.67	-	-
Operating Cash Flow	187.76	173.65	172.72	136.56	98.56	118.97
Operating Cash Flow Growth	11.83%	0.54%	26.48%	38.55%	-17.16%	72.58%
Capital Expenditures	-90.85	-80.41	-50.55	-55.62	-47.2	-30.11
Sale of Property, Plant & Equipment	0.01	0.01	-	0.01	-	0.04
Cash Acquisitions	-	-	-	-	-18.36	-
Investment in Securities	-165	-195	-10	-10	-	-10
Other Investing Activities	0.01	-	0.36	-	-	0.11
Investing Cash Flow	-255.84	-275.41	-60.2	-65.61	-65.56	-39.96
Short-Term Debt Issued	-	-	2.51	1.49	-	-
Total Debt Issued	-	-	2.51	1.49	-	-
Short-Term Debt Repaid	-	-1	-3	-1.95	-	-4.78
Long-Term Debt Repaid	-	-20.31	-23.57	-22.74	-14.6	-16.19
Total Debt Repaid	-21.31	-21.31	-26.57	-24.7	-14.6	-20.97
Net Debt Issued (Repaid)	-21.31	-21.31	-24.06	-23.21	-14.6	-20.97
Issuance of Common Stock	13.01	11.5	-	-	436.66	4.78
Repurchase of Common Stock	-23.74	-23.74	-	-	-	-
Common Dividends Paid	-32.05	-32.05	-31.43	-30.1	-	-
Other Financing Activities	4.37	-	-13.06	-0.14	-	-8.4
Financing Cash Flow	-59.71	-65.59	-68.55	-53.45	422.06	-24.59
Foreign Exchange Rate Adjustments	-0.5	-0.3	0.18	0.16	0.65	-0.16
Net Cash Flow	-128.29	-167.65	44.15	17.65	455.7	54.27
Free Cash Flow	96.91	93.24	122.16	80.94	51.36	88.87
Free Cash Flow Growth	-14.18%	-23.68%	50.94%	57.59%	-42.21%	476.22%
Free Cash Flow Margin	28.34%	27.93%	41.25%	29.23%	24.61%	40.66%
Free Cash Flow Per Share	1.25	1.20	1.57	1.03	0.73	1.52
Cash Interest Paid	-	-	-	0.14	-	0.06
Cash Income Tax Paid	25.27	27.49	20.82	13.13	11.72	12.39
Levered Free Cash Flow	-	80.58	80.13	40.82	6.9	39.36
Unlevered Free Cash Flow	-	83.65	83.57	44.56	10.46	42.63
Change in Working Capital	19.45	19.45	33.54	4.47	-12.29	12.15

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