SHA:688020 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	-91.64	-68.67	-68.02	33.09
Depreciation & Amortization	81.4	82.91	68.27	28.72
Other Amortization	0.21	0.1	2.31	4.84
Loss (Gain) From Sale of Assets	-0.01	2.92	-0	-0.02
Asset Writedown & Restructuring Costs	15.67	-	-	0.04
Loss (Gain) From Sale of Investments	-15.55	-14.35	-11.92	-18.38
Provision & Write-off of Bad Debts	16.3	1.33	-1.14	-0.12
Other Operating Activities	56.53	64.52	58.07	12.31
Change in Accounts Receivable	-45.14	-28.24	55.35	-27.88
Change in Inventory	-67.86	-68.71	-51.99	-29.57
Change in Accounts Payable	7.82	23.02	65.66	7.59
Change in Other Net Operating Assets	3.13	-0.76	0.55	17.98
Operating Cash Flow	-45.97	-12.8	113.43	26.85
Operating Cash Flow Growth	-	-	322.50%	-81.49%
Capital Expenditures	-81.64	-77.53	-172.41	-373.23
Sale of Property, Plant & Equipment	0.3	0.07	0.03	0.03
Investment in Securities	-125.46	-165.67	94.45	335.75
Other Investing Activities	12.35	15.43	13.17	18.71
Investing Cash Flow	-194.45	-227.71	-64.77	-18.74
Short-Term Debt Issued	215	196.28	89	70.11
Total Debt Issued	215	196.28	89	70.11
Short-Term Debt Repaid	-185.78	-134.6	-90	-45.11
Long-Term Debt Repaid	-4.33	-4.1	-4.74	-5.47
Total Debt Repaid	-190.12	-138.69	-94.74	-50.58
Net Debt Issued (Repaid)	24.88	57.58	-5.74	19.53
Issuance of Common Stock	3.78	14.21	6.17	-
Repurchase of Common Stock	-10.99	-4.01	-	-
Common Dividends Paid	-22.57	-7.15	-19.52	-53.67
Other Financing Activities	15.15	16.17	46.26	11.83
Financing Cash Flow	10.25	76.8	27.18	-22.31
Foreign Exchange Rate Adjustments	-0.02	0.05	1.04	-0.06
Net Cash Flow	-230.18	-163.66	76.88	-14.26
Free Cash Flow	-127.6	-90.34	-58.98	-346.38
Free Cash Flow Margin	-37.03%	-26.17%	-18.87%	-118.43%
Free Cash Flow Per Share	-1.59	-1.13	-0.74	-4.29
Cash Income Tax Paid	-2.74	9.29	-47.14	16.3
Levered Free Cash Flow	-151.99	-101.88	-71.78	-311.01
Unlevered Free Cash Flow	-148.54	-98.98	-69.68	-309.74
Change in Working Capital	-108.87	-81.56	65.87	-33.62

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