SHA:688019 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	533.64	402.73	301.44	125.08
Depreciation & Amortization	111.7	85.83	67.75	39.34
Other Amortization	45.72	22.41	5.92	5.56
Loss (Gain) From Sale of Assets	-	0.69	0.06	0.26
Asset Writedown & Restructuring Costs	-17.47	-4.08	-	-
Loss (Gain) From Sale of Investments	10.42	-7.87	9.07	-16.63
Provision & Write-off of Bad Debts	5.93	2.5	3.14	5.84
Other Operating Activities	31.9	1.02	-0.1	7.12
Change in Accounts Receivable	116.58	-171.04	-82.47	-122.35
Change in Inventory	-169.02	37.36	-141.46	-129.23
Change in Accounts Payable	43.91	29.04	53.12	132.04
Change in Other Net Operating Assets	-0.6	0.23	24.76	36.65
Operating Cash Flow	493.21	336.23	239.12	61.11
Operating Cash Flow Growth	46.69%	40.61%	291.32%	-46.01%
Capital Expenditures	-267.37	-337.92	-196.29	-241.12
Sale of Property, Plant & Equipment	-	-	-	0.14
Cash Acquisitions	-	-44.27	-34.33	-
Investment in Securities	-106.9	48.72	-30.75	165.67
Other Investing Activities	22.72	17.65	4.83	42.41
Investing Cash Flow	-351.54	-315.82	-256.54	-32.89
Long-Term Debt Issued	187	78	60	29.1
Total Debt Issued	187	78	60	29.1
Long-Term Debt Repaid	-49.39	-62.68	-45.17	-49.97
Net Debt Issued (Repaid)	137.61	15.32	14.83	-20.86
Issuance of Common Stock	27.94	214.25	8.85	7.25
Repurchase of Common Stock	-	-19.75	-	-
Common Dividends Paid	-39.29	-34.31	-17.42	-16.35
Other Financing Activities	-2.81	-0.59	-	-1.86
Financing Cash Flow	123.45	174.92	6.26	-31.81
Foreign Exchange Rate Adjustments	13.33	3.2	10.08	-1.59
Net Cash Flow	278.45	198.54	-1.09	-5.19
Free Cash Flow	225.85	-1.68	42.84	-180.01
Free Cash Flow Margin	12.31%	-0.14%	3.98%	-26.21%
Free Cash Flow Per Share	1.35	-0.01	0.26	-1.10
Cash Income Tax Paid	17.16	41.59	41.63	27.98
Levered Free Cash Flow	52.02	-271.39	-79.47	-259.01
Unlevered Free Cash Flow	57.94	-266.41	-75.27	-256.66
Change in Working Capital	-228.62	-167.01	-148.16	-105.47

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