SHA:688032 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	344.22	511.85	532.55	201.74
Depreciation & Amortization	61.69	36.46	14.11	7.83
Other Amortization	9.99	4.46	1.07	0.46
Loss (Gain) From Sale of Assets	-0.16	0.07	-0.01	0.04
Asset Writedown & Restructuring Costs	-0.22	0.83	-0.01	7.68
Loss (Gain) From Sale of Investments	-34.92	-19.88	-10.86	-1.38
Provision & Write-off of Bad Debts	30.95	11.23	9.26	-
Other Operating Activities	41.32	-28.91	5.35	10
Change in Accounts Receivable	-475.86	-370.73	-213.99	-81.92
Change in Inventory	-240.49	-206.16	-427.97	-88.27
Change in Accounts Payable	376.81	12.28	539.41	101.54
Change in Other Net Operating Assets	19.53	124.68	10.56	-
Operating Cash Flow	66.89	40.7	426.07	149.99
Operating Cash Flow Growth	64.34%	-90.45%	184.06%	59.93%
Capital Expenditures	-750.94	-317.92	-475.09	-43.41
Sale of Property, Plant & Equipment	0.64	0.21	0.22	0.04
Cash Acquisitions	-	-28.46	-	-
Divestitures	5.23	131.61	-	-
Investment in Securities	-23.84	135.39	-89.21	-110.01
Other Investing Activities	13.21	109.84	11.07	0.88
Investing Cash Flow	-755.7	-3.21	-553.01	-152.5
Short-Term Debt Issued	-	26.6	-	-
Long-Term Debt Issued	861.03	10	-	41.5
Total Debt Issued	861.03	36.6	-	41.5
Long-Term Debt Repaid	-471.63	-14.79	-47.48	-35.16
Net Debt Issued (Repaid)	389.4	21.81	-47.48	6.34
Issuance of Common Stock	27.93	-	-	5,428
Repurchase of Common Stock	-123.9	-152.48	-	-
Common Dividends Paid	-301.54	-494.78	-120.18	-1.67
Other Financing Activities	-0.56	-11.61	-10.89	-10.21
Financing Cash Flow	-8.68	-637.06	-178.55	5,422
Foreign Exchange Rate Adjustments	13.02	5.75	-0.59	-7.94
Net Cash Flow	-684.47	-593.81	-306.07	5,412
Free Cash Flow	-684.04	-277.21	-49.02	106.58
Free Cash Flow Growth	-	-	-	107.83%
Free Cash Flow Margin	-34.32%	-13.68%	-3.19%	13.40%
Free Cash Flow Per Share	-5.54	-2.24	-0.40	1.14
Cash Income Tax Paid	35.57	-23.1	-10.22	-7.19
Levered Free Cash Flow	-535.51	-238.45	-296.54	41.66
Unlevered Free Cash Flow	-530.59	-237.06	-296	42.95
Change in Working Capital	-385.96	-475.43	-125.39	-76.38

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