SHA:688011 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	-57.11	-67.96	-39.17	-24.67	1.83	24.19
Depreciation & Amortization	20.44	20.44	18.74	13.96	14.07	12.66
Other Amortization	1.11	1.11	0.48	1.36	2.36	2.5
Loss (Gain) From Sale of Assets	-	-	0.01	0	-	-0.02
Asset Writedown & Restructuring Costs	0.02	0.02	-	-	-	0
Loss (Gain) From Sale of Investments	-9.64	-9.64	-9.68	-10.7	-10.61	-17.48
Provision & Write-off of Bad Debts	22.35	22.35	16.46	8.04	15.02	1.77
Other Operating Activities	1.22	3.79	0.08	-1.58	0.16	3.87
Change in Accounts Receivable	-33.43	-33.43	14.69	13.06	-48.89	21.37
Change in Inventory	30.59	30.59	2.55	-4.55	-58.79	-22.69
Change in Accounts Payable	17.63	17.63	6.69	19.59	61.14	-9.94
Change in Other Net Operating Assets	-4.38	-4.38	-5.42	-1.1	5.69	-0.4
Operating Cash Flow	1.71	-6.57	0.68	6.15	-22.29	15.16
Operating Cash Flow Growth	-	-	-88.87%	-	-	62.92%
Capital Expenditures	-10.1	-7.12	-17.44	-46.18	-46.39	-40.12
Sale of Property, Plant & Equipment	-	-	0.01	0.01	-	-
Divestitures	-0.79	-0.79	-	-	-	-
Investment in Securities	-6.28	-301.57	122.2	9.7	-144.5	480.91
Other Investing Activities	15.5	9.94	10.06	11.39	11.38	19.82
Investing Cash Flow	-1.67	-299.55	114.84	-25.08	-179.51	460.61
Short-Term Debt Issued	-	2	-	-	-	25
Total Debt Issued	-	2	-	-	-	25
Short-Term Debt Repaid	-	-	-	-	-25	-
Long-Term Debt Repaid	-	-1.62	-1.72	-2.02	-1.25	-
Total Debt Repaid	-1.62	-1.62	-1.72	-2.02	-26.25	-
Net Debt Issued (Repaid)	-1.62	0.38	-1.72	-2.02	-26.25	25
Repurchase of Common Stock	-	-	-6.63	-13.6	-	-
Common Dividends Paid	-	-0.02	-	-	-8.2	-18.51
Other Financing Activities	-0.5	-	-	-	4.9	0.6
Financing Cash Flow	-2.12	0.36	-8.35	-15.62	-29.55	7.08
Net Cash Flow	-2.09	-305.75	107.17	-34.55	-231.35	482.86
Free Cash Flow	-8.39	-13.69	-16.76	-40.03	-68.68	-24.96
Free Cash Flow Margin	-5.78%	-7.96%	-10.33%	-26.71%	-47.76%	-20.11%
Free Cash Flow Per Share	-0.08	-0.14	-0.17	-0.40	-0.68	-0.25
Cash Income Tax Paid	11.09	12.24	13.23	-8.48	18.76	6.91
Levered Free Cash Flow	-12.14	8.1	-15.42	-27.52	-101.16	-35.63
Unlevered Free Cash Flow	-12.12	8.16	-15.39	-27.42	-100.98	-35.51
Change in Working Capital	23.31	23.31	13.76	19.74	-45.12	-12.34

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