SHA:688057 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	92.22	136.84	183.06	303.73	383.04
Depreciation & Amortization	32.36	31.55	32.21	31.06	31.1
Other Amortization	0.21	1.35	1.24	2.89	15.25
Loss (Gain) From Sale of Assets	0.04	-0.18	0	-0	-0.5
Asset Writedown & Restructuring Costs	-2.24	0.16	-0.02	2.39	2.14
Loss (Gain) From Sale of Investments	-15.36	-8.64	-14.59	-9.65	-0.38
Provision & Write-off of Bad Debts	-	37.09	44.12	76.07	39.19
Other Operating Activities	58.16	2.14	-0.44	-0.98	5.26
Change in Accounts Receivable	146.93	29.1	118.69	-322.41	-321.41
Change in Inventory	10.14	9.3	46.07	55.78	41.45
Change in Accounts Payable	-53.24	-54.4	-104.9	-19.5	-68.69
Operating Cash Flow	269.89	181.66	304.73	113.05	127.46
Operating Cash Flow Growth	48.57%	-40.39%	169.54%	-11.31%	-66.67%
Capital Expenditures	-15.16	-8.01	-14.45	-44.56	-15.29
Sale of Property, Plant & Equipment	0.12	0.17	-	1.29	1.36
Divestitures	-	-	-	-	0.54
Investment in Securities	-28	-252.15	-205.08	8.36	-110.54
Other Investing Activities	-116.23	9.88	6.58	10.84	-
Investing Cash Flow	-159.27	-250.12	-212.96	-24.06	-123.92
Long-Term Debt Issued	150	150	-	35	-
Long-Term Debt Repaid	-151.9	-6.57	-41.43	-6	-5.57
Net Debt Issued (Repaid)	-1.9	143.43	-41.43	29	-5.57
Issuance of Common Stock	-	-	0.48	-	1.52
Common Dividends Paid	-72.86	-140.77	-278.02	-277.5	-277.74
Dividends Paid	-72.86	-140.77	-278.02	-277.5	-277.74
Other Financing Activities	2.75	-0.14	12.13	4.92	-2.02
Financing Cash Flow	-72.02	2.53	-306.84	-243.58	-283.81
Foreign Exchange Rate Adjustments	-0.32	-0.28	0.09	13.69	-3.82
Net Cash Flow	38.28	-66.21	-214.98	-140.9	-284.09
Free Cash Flow	254.73	173.65	290.28	68.49	112.17
Free Cash Flow Growth	46.69%	-40.18%	323.79%	-38.94%	-69.43%
Free Cash Flow Margin	79.58%	42.45%	57.45%	8.66%	12.29%
Free Cash Flow Per Share	0.92	0.63	1.05	0.25	0.41
Cash Income Tax Paid	14.58	37.17	73.06	72.86	83.95
Levered Free Cash Flow	229.52	54.59	255.43	-43.7	-20.7
Unlevered Free Cash Flow	229.52	56.41	256.96	-42.59	-19.31
Change in Working Capital	104.5	-18.65	59.16	-292.46	-347.64

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