SHA:605069 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-167.17	-167.91	-432.27	-339.12	107.71
Depreciation & Amortization	3.45	9.7	16.33	16.86	17.73
Other Amortization	-	0	0.48	0.7	2.48
Loss (Gain) From Sale of Assets	0.03	-0.26	-0.34	0.12	0
Asset Writedown & Restructuring Costs	21.07	-25.36	14.39	40.34	3.69
Loss (Gain) From Sale of Investments	-	-	-0	-1.19	-
Provision & Write-off of Bad Debts	-	91.15	183.74	179.2	93.23
Other Operating Activities	-0.54	72.25	88.18	84.69	83.15
Change in Accounts Receivable	176.45	100.67	298.14	-83.43	-720.94
Change in Inventory	-0.07	5.31	-3.36	0.8	-0.33
Change in Accounts Payable	92.74	69.23	-94.53	-78.5	-73.33
Operating Cash Flow	127.12	154.45	70.07	-179.53	-499.65
Operating Cash Flow Growth	-17.69%	120.42%	-	-	-
Capital Expenditures	-0.29	-0.19	-1.5	-2.66	-2.58
Sale of Property, Plant & Equipment	0.03	0.03	0.02	0.03	0.03
Investment in Securities	-	-	-	100	-100.16
Other Investing Activities	-	-	-	1.19	-
Investing Cash Flow	-0.26	-0.16	-1.47	98.57	-102.71
Short-Term Debt Issued	-	229.55	286.77	86.98	78.65
Long-Term Debt Issued	229	255.64	319.15	520.49	710.73
Total Debt Issued	229	485.19	605.92	607.47	789.38
Short-Term Debt Repaid	-	-212.16	-255.61	-94.19	-80.33
Long-Term Debt Repaid	-272.76	-360.61	-437.9	-369.47	-421.47
Total Debt Repaid	-272.76	-572.77	-693.51	-463.66	-501.8
Net Debt Issued (Repaid)	-43.76	-87.58	-87.59	143.81	287.58
Issuance of Common Stock	-	-	-	-	562.46
Repurchase of Common Stock	-	-4.9	-	-	-
Common Dividends Paid	-53.7	-63.23	-71.96	-110.72	-63.96
Dividends Paid	-53.7	-63.23	-71.96	-110.72	-63.96
Other Financing Activities	-53.67	-6.93	-13.29	-12.49	-53.9
Financing Cash Flow	-151.14	-162.64	-172.84	20.61	732.18
Net Cash Flow	-24.28	-8.36	-104.24	-60.36	129.82
Free Cash Flow	126.83	154.26	68.57	-182.19	-502.23
Free Cash Flow Growth	-17.78%	124.95%	-	-	-
Free Cash Flow Margin	35.23%	43.29%	41.95%	-52.13%	-44.27%
Free Cash Flow Per Share	0.60	0.73	0.32	-0.86	-2.84
Cash Income Tax Paid	15.96	18	15.61	-24.23	54.98
Levered Free Cash Flow	47.09	167.14	336.61	-283.97	-232.02
Unlevered Free Cash Flow	47.09	209.99	385.02	-232.49	-189.92
Change in Working Capital	270.28	174.86	199.57	-161.13	-807.64

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