SHA:688004 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-17.76	-38.47	-43.17	-31.12	49.17	46.43
Depreciation & Amortization	10.87	10.87	11.93	7.6	5.91	1.2
Other Amortization	2.78	2.78	1.52	3.12	3.03	2.75
Loss (Gain) From Sale of Assets	-	-	-0.12	-	0.04	0.01
Asset Writedown & Restructuring Costs	0.01	0.01	0.76	0.15	-	0.34
Loss (Gain) From Sale of Investments	-4.06	-4.06	-5.01	-3.84	-2.03	-4.64
Provision & Write-off of Bad Debts	-0.16	-0.16	6.05	2.97	2.74	5.18
Other Operating Activities	-28.14	2.22	0.12	3.49	0.47	-
Change in Accounts Receivable	32.17	32.17	45.09	24.88	-18.78	-17.71
Change in Inventory	43.53	43.53	-35.32	-12.92	7.34	40.81
Change in Accounts Payable	-33.47	-33.47	-4.69	12.71	-6.61	-47.09
Change in Other Net Operating Assets	-1.56	-1.56	7.13	-	-	-
Operating Cash Flow	3.34	12.99	-23.96	1.92	40.68	26.52
Operating Cash Flow Growth	-73.35%	-	-	-95.29%	53.37%	-33.61%
Capital Expenditures	-4.43	-8.97	-6.16	-27.57	-219.01	-6.2
Sale of Property, Plant & Equipment	0	-	0.03	-	-	0
Investment in Securities	28.5	-1.8	-72.57	-66.38	5	-38
Other Investing Activities	-45.42	6.7	2.05	1.23	2.04	5.25
Investing Cash Flow	-21.35	-4.07	-76.65	-92.72	-211.96	-38.95
Short-Term Debt Issued	-	30	9.5	-	-	-
Total Debt Issued	50	30	9.5	-	-	-
Short-Term Debt Repaid	-	-	-9.5	-	-	-
Long-Term Debt Repaid	-	-1.79	-0.43	-2.85	-3.92	-
Total Debt Repaid	-1.79	-1.79	-9.93	-2.85	-3.92	-
Net Debt Issued (Repaid)	48.21	28.21	-0.43	-2.85	-3.92	-
Issuance of Common Stock	-	-	-	-	-	379.96
Repurchase of Common Stock	-13.98	-13.98	-	-	-	-
Common Dividends Paid	-1	-	-0.1	-4.94	-14.2	-
Other Financing Activities	-11.64	-0.82	-	-	-	-22.18
Financing Cash Flow	21.6	13.41	-0.53	-7.79	-18.12	357.79
Net Cash Flow	3.59	22.33	-101.14	-98.59	-189.41	345.35
Free Cash Flow	-1.09	4.02	-30.12	-25.65	-178.33	20.32
Free Cash Flow Growth	-	-	-	-	-	-47.91%
Free Cash Flow Margin	-0.61%	2.32%	-15.70%	-16.34%	-62.10%	7.06%
Free Cash Flow Per Share	-0.01	0.05	-0.38	-0.32	-2.24	0.29
Cash Income Tax Paid	4.41	4.27	4.15	9.2	12.62	13.49
Levered Free Cash Flow	18.58	15.72	-22.63	2.59	-213.05	-4.34
Unlevered Free Cash Flow	19.45	15.95	-22.49	2.68	-212.93	-4.34
Change in Working Capital	39.8	39.8	3.97	19.55	-18.64	-24.73

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.