SHA:688004 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	-22.53	-38.47	-43.17	-31.12	49.17
Depreciation & Amortization	12.9	10.87	11.93	7.6	5.91
Other Amortization	0.63	2.78	1.52	3.12	3.03
Loss (Gain) From Sale of Assets	-0.03	-	-0.12	-	0.04
Asset Writedown & Restructuring Costs	3.4	0.01	0.76	0.15	-
Loss (Gain) From Sale of Investments	-5.37	-4.06	-5.01	-3.84	-2.03
Provision & Write-off of Bad Debts	-	-0.16	6.05	2.97	2.74
Other Operating Activities	-1.12	2.22	0.12	3.49	0.47
Change in Accounts Receivable	23.04	32.17	45.09	24.88	-18.78
Change in Inventory	-21.02	43.53	-35.32	-12.92	7.34
Change in Accounts Payable	12.71	-33.47	-4.69	12.71	-6.61
Change in Other Net Operating Assets	-	-1.56	7.13	-	-
Operating Cash Flow	3.04	12.99	-23.96	1.92	40.68
Operating Cash Flow Growth	-76.56%	-	-	-95.29%	53.37%
Capital Expenditures	-2.65	-8.97	-6.16	-27.57	-219.01
Sale of Property, Plant & Equipment	0	-	0.03	-	-
Investment in Securities	20	-1.8	-72.57	-66.38	5
Other Investing Activities	13.46	6.7	2.05	1.23	2.04
Investing Cash Flow	30.81	-4.07	-76.65	-92.72	-211.96
Short-Term Debt Issued	-	30	9.5	-	-
Long-Term Debt Issued	50	-	-	-	-
Total Debt Issued	50	30	9.5	-	-
Short-Term Debt Repaid	-	-	-9.5	-	-
Long-Term Debt Repaid	-43.26	-1.79	-0.43	-2.85	-3.92
Total Debt Repaid	-43.26	-1.79	-9.93	-2.85	-3.92
Net Debt Issued (Repaid)	6.74	28.21	-0.43	-2.85	-3.92
Repurchase of Common Stock	-	-13.98	-	-	-
Common Dividends Paid	-1.3	-	-0.1	-4.94	-14.2
Other Financing Activities	-13.34	-0.82	-	-	-
Financing Cash Flow	-7.89	13.41	-0.53	-7.79	-18.12
Net Cash Flow	25.96	22.33	-101.14	-98.59	-189.41
Free Cash Flow	0.4	4.02	-30.12	-25.65	-178.33
Free Cash Flow Growth	-90.09%	-	-	-	-
Free Cash Flow Margin	0.23%	2.32%	-15.70%	-16.34%	-62.10%
Free Cash Flow Per Share	0.01	0.05	-0.38	-0.32	-2.24
Cash Income Tax Paid	3.54	4.27	4.15	9.2	12.62
Levered Free Cash Flow	-68.46	15.72	-22.63	2.59	-213.05
Unlevered Free Cash Flow	-68.46	15.95	-22.49	2.68	-212.93
Change in Working Capital	15.16	39.8	3.97	19.55	-18.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.