SHA:688028 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	99.18	97.37	62.82	54.45
Depreciation & Amortization	95.46	85.71	49.71	31.11
Other Amortization	3.91	1.25	0.62	0.13
Loss (Gain) From Sale of Assets	-0.02	-0.11	-0.1	-
Asset Writedown & Restructuring Costs	0.83	1.02	0.34	0.16
Loss (Gain) From Sale of Investments	0.37	-0.22	0.09	0.02
Provision & Write-off of Bad Debts	1.92	3.45	1.22	0.13
Other Operating Activities	17.58	9.05	1.77	-0.5
Change in Accounts Receivable	28.08	-59.94	-56.27	-7.16
Change in Inventory	-43.27	-104.15	-51.93	-37.77
Change in Accounts Payable	27.51	66.22	52.02	23.34
Change in Other Net Operating Assets	-	-	-3.28	7.11
Operating Cash Flow	224.01	94.85	61	70.73
Operating Cash Flow Growth	136.18%	55.50%	-13.76%	-5.06%
Capital Expenditures	-229.41	-229.4	-228.2	-124
Sale of Property, Plant & Equipment	0.11	0.41	0.04	0.3
Cash Acquisitions	-	-	-153.21	-
Divestitures	-	1.82	-	-
Investment in Securities	-3.45	-16.26	59.91	12.23
Other Investing Activities	-42.19	4.42	11.64	-23.14
Investing Cash Flow	-274.94	-239.01	-309.81	-134.61
Short-Term Debt Issued	-	-	179.65	-
Long-Term Debt Issued	121.33	17.9	-	-
Total Debt Issued	121.33	17.9	179.65	-
Short-Term Debt Repaid	-	-	-178.24	-
Long-Term Debt Repaid	-18.04	-21.42	-2.87	-0.96
Total Debt Repaid	-18.04	-21.42	-181.1	-0.96
Net Debt Issued (Repaid)	103.29	-3.51	-1.45	-0.96
Issuance of Common Stock	0.25	0.69	485	-
Common Dividends Paid	-56.61	-33.14	-17.47	-42.4
Other Financing Activities	-10.97	-34.63	1.75	-
Financing Cash Flow	35.97	-70.59	467.83	-43.36
Foreign Exchange Rate Adjustments	0.15	1.18	2.16	-1.06
Net Cash Flow	-14.81	-213.57	221.18	-108.3
Free Cash Flow	-5.39	-134.54	-167.2	-53.27
Free Cash Flow Margin	-0.80%	-22.32%	-40.36%	-16.35%
Free Cash Flow Per Share	-0.04	-0.88	-1.36	-0.47
Cash Income Tax Paid	32.87	31.42	10.43	12.48
Levered Free Cash Flow	-70.52	-199.07	-308.56	-89.71
Unlevered Free Cash Flow	-68.28	-198.85	-307.16	-89.66
Change in Working Capital	4.79	-102.68	-55.47	-14.75

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