SHA:688048 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	-99.74	-91.95	119.26	115.32
Depreciation & Amortization	69.74	51.14	29.51	20.38
Other Amortization	14.45	11	6.27	3.71
Loss (Gain) From Sale of Assets	-	-0.02	0.05	-0.23
Asset Writedown & Restructuring Costs	0.02	0.18	0.03	15.68
Loss (Gain) From Sale of Investments	-9.68	20.55	-36.51	-0.73
Provision & Write-off of Bad Debts	18.13	12.15	11.28	4.04
Other Operating Activities	53.28	59.69	15.94	1.2
Change in Accounts Receivable	-38.5	-25.73	-115.57	-126.83
Change in Inventory	-17.97	-16.74	-90.69	-79.86
Change in Accounts Payable	-23.98	24.18	-1.19	53.78
Change in Other Net Operating Assets	2.02	7.37	11.48	11.48
Operating Cash Flow	-66.15	25.24	-55.26	21.16
Capital Expenditures	-78.58	-504.48	-196.9	-132.24
Sale of Property, Plant & Equipment	0	0.04	0.2	1.18
Investment in Securities	-88.06	360.37	-1,418	10
Other Investing Activities	26.03	24.55	-	0.83
Investing Cash Flow	-140.6	-119.52	-1,614	-120.23
Short-Term Debt Issued	64.9	10.01	51	59.6
Total Debt Issued	64.9	10.01	51	59.6
Short-Term Debt Repaid	-50	-0.01	-84	-
Long-Term Debt Repaid	-	-	-4.87	-
Total Debt Repaid	-50	-0.01	-88.87	-
Net Debt Issued (Repaid)	14.9	10	-37.87	59.6
Issuance of Common Stock	-	-	2,543	-
Repurchase of Common Stock	-34.66	-4.42	-	-
Common Dividends Paid	-1.16	-47.57	-69.95	-0.54
Other Financing Activities	52.23	95.68	-15.09	-3.91
Financing Cash Flow	31.31	53.69	2,420	55.15
Foreign Exchange Rate Adjustments	0.02	-	-	-0.1
Net Cash Flow	-175.42	-40.6	750.7	-44.02
Free Cash Flow	-144.72	-479.24	-252.16	-111.07
Free Cash Flow Margin	-53.08%	-165.14%	-65.39%	-25.89%
Free Cash Flow Per Share	-0.82	-2.72	-1.53	-0.84
Cash Income Tax Paid	-5.72	-45.27	-14.24	7.84
Levered Free Cash Flow	51.38	-424.05	-335.68	-107.42
Unlevered Free Cash Flow	52.42	-423.4	-334.53	-105.64
Change in Working Capital	-112.35	-37.51	-201.11	-138.2

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