SHA:688060 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-48.86	-35.09	-6.75	16.76	52.5	74.18
Depreciation & Amortization	16.08	16.08	16.32	11.93	7.68	3.47
Other Amortization	1.23	1.23	0.74	0.4	0.33	0.2
Asset Writedown & Restructuring Costs	0.47	0.47	0	0.05	0.07	0
Loss (Gain) From Sale of Investments	-2.25	-2.25	-6.62	-13.04	-17.36	-6.54
Provision & Write-off of Bad Debts	3.07	3.07	4.25	5.74	6.77	4.41
Other Operating Activities	57.82	28.45	-1.02	-1.24	0.33	0.58
Change in Accounts Receivable	19.7	19.7	-12.41	-48.23	-78	-67.02
Change in Inventory	17.49	17.49	-9.83	-121.25	-59.16	-13.32
Change in Accounts Payable	4.42	4.42	-9.21	33.61	-2.21	11.53
Change in Other Net Operating Assets	-0.96	-0.96	-6.46	4.22	8.82	-
Operating Cash Flow	55.33	39.74	-39.44	-116.6	-82.64	6.82
Operating Cash Flow Growth	251.95%	-	-	-	-	-87.82%
Capital Expenditures	-30.66	-18.52	-25.84	-39.46	-44.47	-6.13
Cash Acquisitions	-	-	-	-	-19.4	-
Investment in Securities	-9.85	-45.5	81.35	119.35	-106.25	-335.65
Other Investing Activities	1.87	3.37	8.82	8.31	17.29	6.49
Investing Cash Flow	-38.64	-60.64	64.33	88.2	-152.83	-335.29
Short-Term Debt Issued	-	10	18.42	25.98	-	-
Total Debt Issued	-	10	18.42	25.98	-	-
Short-Term Debt Repaid	-	-28.42	-8.12	-17.86	-	-2
Long-Term Debt Repaid	-	-1.98	-2.14	-2.13	-1.84	-
Total Debt Repaid	-1.98	-30.41	-10.26	-19.99	-1.84	-2
Net Debt Issued (Repaid)	-1.98	-20.41	8.16	5.99	-1.84	-2
Issuance of Common Stock	-	-	1.2	5.93	-	613.89
Repurchase of Common Stock	-10.1	-10.1	-	-	-	-
Common Dividends Paid	-	-0.03	-0.37	-15.86	-22.26	-
Other Financing Activities	10.04	-1.2	-	-0	-	-14.88
Financing Cash Flow	-2.04	-31.74	8.99	-3.95	-24.1	597.01
Net Cash Flow	14.65	-52.64	33.88	-32.35	-259.57	268.54
Free Cash Flow	24.67	21.22	-65.28	-156.07	-127.11	0.69
Free Cash Flow Growth	-	-	-	-	-	-98.69%
Free Cash Flow Margin	7.95%	7.14%	-23.12%	-58.71%	-41.11%	0.26%
Free Cash Flow Per Share	0.41	0.35	-1.08	-2.60	-2.11	0.01
Cash Interest Paid	-	-	-	-	-	0.08
Cash Income Tax Paid	7.07	8.75	11.38	10.44	17.69	22.4
Levered Free Cash Flow	48.41	38.79	-54.2	-159.91	-139.62	-20.01
Unlevered Free Cash Flow	48.51	38.98	-53.76	-159.73	-139.58	-19.96
Change in Working Capital	27.78	27.78	-46.38	-137.2	-132.97	-69.48

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