SHA:688006 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	368.37	326.34	809.09	490.59	235.12
Depreciation & Amortization	111.46	111.52	98.42	72.76	42.57
Other Amortization	4.37	7.74	4.22	4.91	1.34
Loss (Gain) From Sale of Assets	0.48	-0.02	-0.67	0.34	0.49
Asset Writedown & Restructuring Costs	85.6	49.98	52.69	39.53	23.83
Loss (Gain) From Sale of Investments	-2.71	0.75	7.58	-2.23	-8.16
Provision & Write-off of Bad Debts	-	122.19	219.18	79.64	-4.8
Other Operating Activities	-26.85	16.33	-66.86	-66.09	58.42
Change in Accounts Receivable	177.77	121.29	-733	-787.22	-958.11
Change in Inventory	-367.23	-46.7	-557.03	-993.16	-642.99
Change in Accounts Payable	870.76	-511.09	447.86	1,725	1,635
Change in Other Net Operating Assets	-12.04	-6.25	-25.03	100.67	115.81
Operating Cash Flow	1,196	169.27	214.97	695.72	481.66
Operating Cash Flow Growth	606.55%	-21.26%	-69.10%	44.44%	64.77%
Capital Expenditures	-115.63	-105.98	-412.32	-417.31	-317.11
Sale of Property, Plant & Equipment	0.62	0.09	1.47	0.06	3.23
Investment in Securities	2.65	2.95	2.44	8.02	8.16
Other Investing Activities	-	-	-	0.15	-
Investing Cash Flow	-112.36	-102.93	-408.41	-409.08	-305.71
Long-Term Debt Repaid	-	-4.5	-4.5	-4.5	-2.25
Total Debt Repaid	-	-4.5	-4.5	-4.5	-2.25
Net Debt Issued (Repaid)	-	-4.5	-4.5	-4.5	-2.25
Issuance of Common Stock	-	-	1,195	19.32	19.86
Common Dividends Paid	-109.87	-271.65	-199.21	-92.71	-112.28
Other Financing Activities	70.97	48.68	5.64	-	-
Financing Cash Flow	-38.9	-227.47	997.24	-77.9	-94.68
Foreign Exchange Rate Adjustments	10.68	6.84	69.56	68.96	-54.62
Net Cash Flow	1,055	-154.3	873.35	277.71	26.65
Free Cash Flow	1,080	63.29	-197.35	278.41	164.55
Free Cash Flow Growth	1606.98%	-	-	69.19%	27.44%
Free Cash Flow Margin	36.05%	2.12%	-5.02%	8.06%	6.63%
Free Cash Flow Per Share	1.79	0.10	-0.33	0.49	0.29
Cash Income Tax Paid	121.85	121.62	102.03	37.08	72.87
Levered Free Cash Flow	782.78	-104.57	-245.75	85.77	208.07
Unlevered Free Cash Flow	782.78	-103.87	-245.38	86.19	208.22
Change in Working Capital	655.26	-465.55	-908.68	76.28	132.85

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