SHA:688021 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	-43.97	-7.92	-7.84	65.82
Depreciation & Amortization	64.89	58.52	48.16	32.68
Other Amortization	0.98	0.35	0.2	0.15
Loss (Gain) From Sale of Assets	-0.61	0.01	0.03	0.39
Asset Writedown & Restructuring Costs	7.01	0	2.07	5.74
Loss (Gain) From Sale of Investments	-2.84	-1.77	-0.47	-1.32
Provision & Write-off of Bad Debts	0.41	2.32	-9.04	4.04
Other Operating Activities	28.67	29.2	38.51	3.7
Change in Accounts Receivable	50.71	-101.65	94.82	-14.18
Change in Inventory	50.8	-28.7	-106.23	-51.93
Change in Accounts Payable	-52.74	61.53	19.07	39.88
Operating Cash Flow	102.5	7.37	71.91	82.74
Operating Cash Flow Growth	1289.90%	-89.74%	-13.08%	146.94%
Capital Expenditures	-19.48	-89.86	-241.92	-236.03
Sale of Property, Plant & Equipment	2.91	0.42	0.17	0.6
Investment in Securities	53.16	-23.95	31.88	96.16
Other Investing Activities	2.33	1.77	0.47	2.16
Investing Cash Flow	38.92	-111.62	-209.41	-137.11
Long-Term Debt Issued	122.94	302.67	362.56	187.99
Long-Term Debt Repaid	-272.21	-287.71	-218.59	-121.36
Net Debt Issued (Repaid)	-149.27	14.96	143.97	66.63
Repurchase of Common Stock	-10.1	-	-	-
Common Dividends Paid	-12.54	-14.11	-32.09	-32.57
Financing Cash Flow	-171.9	0.85	111.88	34.05
Foreign Exchange Rate Adjustments	1.73	2.1	4.82	-1.31
Net Cash Flow	-28.75	-101.3	-20.81	-21.63
Free Cash Flow	83.01	-82.49	-170.01	-153.3
Free Cash Flow Margin	29.21%	-24.83%	-83.43%	-38.71%
Free Cash Flow Per Share	1.11	-1.04	-2.17	-1.98
Cash Income Tax Paid	12.94	4.58	-14.89	14.08
Levered Free Cash Flow	61.42	-107.92	-288.46	-140.33
Unlevered Free Cash Flow	68.16	-101.16	-280.94	-135.49
Change in Working Capital	47.95	-73.34	0.29	-28.48

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