SHA:688021 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	28.21	14.01	-43.97	-7.92	-7.84	65.82
Depreciation & Amortization	63.65	63.65	64.89	58.52	48.16	32.68
Other Amortization	0.38	0.38	0.98	0.35	0.2	0.15
Loss (Gain) From Sale of Assets	-4.3	-4.3	-0.61	0.01	0.03	0.39
Asset Writedown & Restructuring Costs	12.01	12.01	7.01	0	2.07	5.74
Loss (Gain) From Sale of Investments	-0.45	-0.45	-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	-0.03	8.26	28.67	29.2	38.51	3.7
Change in Accounts Receivable	-34.13	-34.13	50.71	-101.65	94.82	-14.18
Change in Inventory	18.5	18.5	50.8	-28.7	-106.23	-51.93
Change in Accounts Payable	-3.99	-3.99	-52.74	61.53	19.07	39.88
Operating Cash Flow	84.63	78.72	102.5	7.37	71.91	82.74
Operating Cash Flow Growth	-22.34%	-23.20%	1289.90%	-89.74%	-13.08%	146.94%
Capital Expenditures	-31.5	-24.98	-19.48	-89.86	-241.92	-236.03
Sale of Property, Plant & Equipment	24.54	5.83	2.91	0.42	0.17	0.6
Investment in Securities	-	-	53.16	-23.95	31.88	96.16
Other Investing Activities	0.18	0.18	2.33	1.77	0.47	2.16
Investing Cash Flow	-6.78	-18.98	38.92	-111.62	-209.41	-137.11
Long-Term Debt Issued	-	90.4	122.94	302.67	362.56	187.99
Long-Term Debt Repaid	-	-136.97	-272.21	-287.71	-218.59	-121.36
Net Debt Issued (Repaid)	-47.03	-46.57	-149.27	14.96	143.97	66.63
Repurchase of Common Stock	-	-	-10.1	-	-	-
Common Dividends Paid	-5.71	-6.22	-12.54	-14.11	-32.09	-32.57
Other Financing Activities	-1.19	-1.19	-	-	-	-
Financing Cash Flow	-53.93	-53.99	-171.9	0.85	111.88	34.05
Foreign Exchange Rate Adjustments	-0.72	0.17	1.73	2.1	4.82	-1.31
Net Cash Flow	23.2	5.94	-28.75	-101.3	-20.81	-21.63
Free Cash Flow	53.13	53.74	83.01	-82.49	-170.01	-153.3
Free Cash Flow Growth	-44.10%	-35.26%	-	-	-	-
Free Cash Flow Margin	15.12%	15.38%	29.21%	-24.83%	-83.43%	-38.71%
Free Cash Flow Per Share	0.69	0.69	1.11	-1.04	-2.17	-1.98
Cash Income Tax Paid	21.87	24.31	12.94	4.58	-14.89	14.08
Levered Free Cash Flow	56.45	40.34	60.98	-109.43	-288.46	-140.33
Unlevered Free Cash Flow	56.45	40.34	68.16	-101.16	-280.94	-135.49
Change in Working Capital	-14.85	-14.85	47.95	-73.34	0.29	-28.48

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