SHA:688031 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	-343.46	-288.24	-271.35	-244.68
Depreciation & Amortization	50.71	33.67	27.6	24.96
Other Amortization	5.28	2	2.27	3.07
Loss (Gain) From Sale of Assets	-1.02	-0.15	0.01	-0
Asset Writedown & Restructuring Costs	1.87	1.68	1.05	0.67
Loss (Gain) From Sale of Investments	-17.03	-29.51	-9.76	-15.25
Provision & Write-off of Bad Debts	10.66	14.19	6.94	4.38
Other Operating Activities	12.64	11.02	0.93	2.61
Change in Accounts Receivable	24.3	-171.92	-69.49	-71.21
Change in Inventory	-10.37	-9.88	-8.42	-14.62
Change in Accounts Payable	-59.06	51.38	3.36	39.1
Change in Other Net Operating Assets	-1.11	20.32	16.89	32.57
Operating Cash Flow	-326.59	-365.43	-299.96	-238.4
Capital Expenditures	-38	-133.29	-30.99	-11.79
Sale of Property, Plant & Equipment	0.02	0.01	0.02	0.01
Investment in Securities	575.36	540.46	-800.63	-80.32
Other Investing Activities	18.08	27.05	9.34	14.73
Investing Cash Flow	555.46	434.23	-822.25	-77.38
Short-Term Debt Issued	40	85.5	-	-
Total Debt Issued	40	85.5	-	-
Short-Term Debt Repaid	-55.5	-30	-	-
Long-Term Debt Repaid	-20.84	-22.68	-21.53	-19.3
Total Debt Repaid	-76.34	-52.68	-21.53	-19.3
Net Debt Issued (Repaid)	-36.34	32.82	-21.53	-19.3
Issuance of Common Stock	-	-	1,376	50
Common Dividends Paid	-1.38	-1.2	-	-
Other Financing Activities	-	-	-32.86	-0.75
Financing Cash Flow	-37.72	31.62	1,321	29.95
Foreign Exchange Rate Adjustments	-0.63	0.22	0.28	0.2
Net Cash Flow	190.51	100.64	199.18	-285.62
Free Cash Flow	-364.6	-498.72	-330.95	-250.19
Free Cash Flow Margin	-98.14%	-101.61%	-88.82%	-75.62%
Free Cash Flow Per Share	-3.02	-4.13	-3.46	-2.76
Cash Income Tax Paid	19.42	14.24	15.32	14.14
Levered Free Cash Flow	-212.25	-387.1	-260.16	-165.34
Unlevered Free Cash Flow	-210.41	-385.34	-259.07	-164.51
Change in Working Capital	-46.24	-110.1	-57.65	-14.16

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