CSG Digital Power Grid Research Institute Co.,Ltd. (SHE:301638)

SHE:301638 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
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	815.33	629.8	570.31	377.44	653.25
Depreciation & Amortization	451.35	395.33	287.62	234.02	362.28
Other Amortization	28.72	37.83	15.53	21.55	23.43
Loss (Gain) From Sale of Assets	-2.32	-7.95	-0.56	-2.99	-6.36
Asset Writedown & Restructuring Costs	-0.96	4.56	1.7	-0.02	0.07
Loss (Gain) From Sale of Investments	-18.51	-19.83	-22.29	-39.69	-162.03
Provision & Write-off of Bad Debts	14.37	14.37	12.23	14.52	28.28
Other Operating Activities	38.27	12.37	74.42	9.71	53.81
Change in Accounts Receivable	105.19	65.1	392.75	2,275	-558.29
Change in Inventory	229.12	38.03	-60.21	-668.13	-231.44
Change in Accounts Payable	69.11	529.44	100.52	282.66	345.29
Operating Cash Flow	1,695	1,732	1,364	2,494	513.1
Operating Cash Flow Growth	-	26.95%	-45.29%	386.08%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Capital Expenditures	-1,111	-1,387	-532.74	-311.6	-508.49
Sale of Property, Plant & Equipment	0.62	0.71	0.02	0.08	0.22
Divestitures	-	-	-	-	36.4
Investment in Securities	-2,830	-2,322	-18.7	-	-223.69
Other Investing Activities	9.98	5.87	28.69	-3.21	6.19
Investing Cash Flow	-3,930	-3,702	-522.72	-314.73	-689.37

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Short-Term Debt Issued	-	-	-	100	449.99
Total Debt Issued	-	-	-	100	449.99
Short-Term Debt Repaid	-	-	-	-490.99	-60
Long-Term Debt Repaid	-	-93.43	-83.79	-55.57	-30.53
Lease Payments	-93.43	-93.43	-83.79	-55.57	-30.53
Total Debt Repaid	-93.43	-93.43	-83.79	-546.56	-90.53
Net Debt Issued (Repaid)	-93.43	-93.43	-83.79	-446.56	359.46
Issuance of Common Stock	2,666	2,666	-	3,208	50
Repurchase of Common Stock	-	-	-	-	-27.9
Common Dividends Paid	-272.94	-90	-	-304.78	-174.46
Other Financing Activities	-6.45	-7.84	3	-	-
Financing Cash Flow	2,293	2,475	-80.79	2,456	207.1

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Cash Flow	58.08	504.83	760.94	4,636	30.83

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Free Cash Flow	584.12	345.34	831.71	2,182	4.6
Free Cash Flow Growth	-	-58.48%	-61.89%	47300.72%	-
Free Cash Flow Margin	7.41%	4.78%	13.66%	51.54%	0.08%
Free Cash Flow Per Share	0.20	0.13	0.31	0.95	0.00
Levered Free Cash Flow	-	-209.6	1,075	1,898	-
Unlevered Free Cash Flow	-	-204.92	1,079	1,903	-
Free Cash Flow After Leases	490.69	251.91	747.92	2,127	-25.92

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash Income Tax Paid	418.19	332.01	377.87	203.56	54.3
Change in Working Capital	368.51	665.62	425.49	1,880	-439.65

Data Source: S&P Global Market Intelligence Last updated: Aug 27, 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:

Sep 11, 2026

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