SHA:688012 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,616	1,786	1,170	1,011
Depreciation & Amortization	124.42	174.23	130.82	103.24
Other Amortization	136.07	1.31	11.2	2.21
Loss (Gain) From Sale of Assets	-0.1	-0.07	4.78	-0.13
Loss (Gain) From Sale of Investments	-247.02	-587.83	-136.22	-434.15
Stock-Based Compensation	458.73	302.79	210.73	214.83
Provision & Write-off of Bad Debts	18.55	10.57	6.59	-3.47
Other Operating Activities	92.83	-57.88	-103.23	-31.32
Change in Accounts Receivable	-416.56	-910.8	-211.35	-305.91
Change in Inventory	-2,897	-869.85	-1,659	-700.98
Change in Accounts Payable	2,469	-808.79	1,266	1,162
Change in Unearned Revenue	97.21	39.93	-23.53	-15.69
Change in Other Net Operating Assets	76.7	9.06	7.37	-32.45
Operating Cash Flow	1,458	-976.93	617.52	1,016
Operating Cash Flow Growth	-	-	-39.23%	20.08%
Capital Expenditures	-1,739	-1,238	-1,653	-610.98
Sale of Property, Plant & Equipment	3.03	3.76	1.26	0.65
Investment in Securities	2,232	2,202	-1,371	-5,813
Other Investing Activities	149.84	860.09	135.65	193.16
Investing Cash Flow	646.39	1,827	-2,887	-6,230
Long-Term Debt Issued	750	-	500	-
Total Debt Issued	750	-	500	-
Long-Term Debt Repaid	-512.05	-13.6	-15.06	-8.01
Total Debt Repaid	-512.05	-13.6	-15.06	-8.01
Net Debt Issued (Repaid)	237.95	-13.6	484.94	-8.01
Issuance of Common Stock	258.63	372.28	-	8,298
Repurchase of Common Stock	-300.78	-	-	-
Common Dividends Paid	-200.34	-137.59	-3.3	-
Other Financing Activities	3.05	1.5	-	-3.88
Financing Cash Flow	-1.5	222.6	481.64	8,286
Foreign Exchange Rate Adjustments	13.62	12.5	69.8	-14.11
Net Cash Flow	2,117	1,085	-1,718	3,058
Free Cash Flow	-280.51	-2,215	-1,036	405.28
Free Cash Flow Growth	-	-	-	-22.04%
Free Cash Flow Margin	-3.09%	-35.37%	-21.85%	13.04%
Free Cash Flow Per Share	-0.45	-3.57	-1.68	0.70
Cash Income Tax Paid	252.83	302.74	151.93	160.16
Levered Free Cash Flow	-889.6	-2,542	-1,235	304.98
Unlevered Free Cash Flow	-879.96	-2,533	-1,232	305.39
Change in Working Capital	-740.76	-2,606	-676.94	153.62

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