SHA:688055 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	-190.32	-278.42	251.66	910.59
Depreciation & Amortization	184.11	186.81	186.05	200.27
Other Amortization	1.89	-	-	-
Loss (Gain) From Sale of Assets	-0.02	0.69	1.4	0.07
Asset Writedown & Restructuring Costs	13.34	0.17	0.92	-5.62
Loss (Gain) From Sale of Investments	-54.39	-1.65	-5.66	-5.63
Provision & Write-off of Bad Debts	-2.55	-0.26	-5.14	1.13
Other Operating Activities	15.2	308.84	214.11	-0.89
Change in Accounts Receivable	211.71	33.42	244.17	-93.68
Change in Inventory	306.36	163.49	-291.07	-346.73
Change in Accounts Payable	-160.76	372.05	-376.62	214
Change in Other Net Operating Assets	-14.73	0.43	15.45	-
Operating Cash Flow	248.23	707.77	250.4	858.81
Operating Cash Flow Growth	-64.93%	182.66%	-70.84%	197.41%
Capital Expenditures	-130.61	-122.69	-186.34	-366.6
Sale of Property, Plant & Equipment	0.71	0.05	0.87	0.04
Investment in Securities	-1,570	15	102.02	-150
Other Investing Activities	4.55	2.92	6.34	3.62
Investing Cash Flow	-1,695	-104.72	-77.1	-512.94
Long-Term Debt Issued	2,042	2,186	4,006	2,051
Total Debt Issued	2,042	2,186	4,006	2,051
Long-Term Debt Repaid	-2,517	-1,686	-4,152	-1,703
Total Debt Repaid	-2,517	-1,686	-4,152	-1,703
Net Debt Issued (Repaid)	-475.51	500.55	-146.26	348.83
Common Dividends Paid	-47.83	-79.95	-112.06	-38.82
Financing Cash Flow	-523.35	420.59	-258.32	310.01
Foreign Exchange Rate Adjustments	12.8	-2.96	33.05	0.83
Net Cash Flow	-1,957	1,021	-51.99	656.72
Free Cash Flow	117.62	585.07	64.06	492.21
Free Cash Flow Growth	-79.90%	813.31%	-86.98%	390.79%
Free Cash Flow Margin	3.45%	15.47%	1.52%	8.59%
Free Cash Flow Per Share	0.04	0.18	0.02	0.15
Cash Income Tax Paid	19.8	-7.58	16.76	202.34
Levered Free Cash Flow	159.36	591.29	-183.57	282.12
Unlevered Free Cash Flow	191.46	619.06	-168.94	285.99
Change in Working Capital	280.97	491.58	-392.95	-241.1

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.