SHA:688018 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	339.32	136.2	97.32	198.43
Depreciation & Amortization	38.64	31.62	27.06	18.71
Other Amortization	8.09	5.53	4.13	4.97
Loss (Gain) From Sale of Assets	0	0.01	-	0
Asset Writedown & Restructuring Costs	1	0	-	0
Loss (Gain) From Sale of Investments	-21.04	-28.19	-25.38	-25.3
Provision & Write-off of Bad Debts	1.29	0.31	0.11	0.01
Other Operating Activities	9.07	4.76	9.94	1.67
Change in Accounts Receivable	-105.2	-66.26	122.51	-159.35
Change in Inventory	-217.73	205.79	-118.52	-129.9
Change in Accounts Payable	132.89	27.75	-48.31	91.38
Change in Other Net Operating Assets	37.66	18.74	14.73	21.96
Operating Cash Flow	220.47	302.6	71.32	31.46
Operating Cash Flow Growth	-27.14%	324.27%	126.70%	-12.74%
Capital Expenditures	-97.67	-49.36	-26.22	-31.91
Sale of Property, Plant & Equipment	0.02	0.03	-	0.01
Cash Acquisitions	-84.63	-	-	-
Investment in Securities	331.53	-62.72	71.88	-91.07
Other Investing Activities	4.99	6.95	6.72	3.27
Investing Cash Flow	153.97	-104.78	52.27	-119.67
Short-Term Debt Issued	20	-	-	-
Total Debt Issued	20	-	-	-
Short-Term Debt Repaid	-19.5	-	-	-
Long-Term Debt Repaid	-15.89	-14.11	-10.39	-8.82
Total Debt Repaid	-35.39	-14.11	-10.39	-8.82
Net Debt Issued (Repaid)	-15.39	-14.11	-10.39	-8.82
Issuance of Common Stock	13.68	30.26	28.64	10
Repurchase of Common Stock	-88.77	-106	-40.97	-
Common Dividends Paid	-78.3	-	-128.72	-40.02
Financing Cash Flow	-168.78	-89.85	-151.44	-38.83
Foreign Exchange Rate Adjustments	2.4	0.92	11.39	-9.05
Net Cash Flow	208.07	108.89	-16.47	-136.1
Free Cash Flow	122.8	253.24	45.1	-0.45
Free Cash Flow Growth	-51.51%	461.49%	-	-
Free Cash Flow Margin	6.12%	17.67%	3.55%	-0.03%
Free Cash Flow Per Share	0.79	1.61	0.29	-0.00
Cash Income Tax Paid	-24.19	3.86	-3.69	4.21
Levered Free Cash Flow	-35.83	208.03	0.03	-76.4
Unlevered Free Cash Flow	-35.23	208.6	0.51	-76.02
Change in Working Capital	-155.91	152.36	-41.86	-167.03

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