SHA:688062 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	-1,044	-1,053	-955.23	-769.59
Depreciation & Amortization	129.21	104.31	89.29	80.46
Other Amortization	17.01	5.14	6.58	6.82
Loss (Gain) From Sale of Assets	-	0	-0.33	-2.06
Asset Writedown & Restructuring Costs	0.11	3.56	0.02	-
Loss (Gain) From Sale of Investments	4.07	1.25	-1.8	-3.85
Provision & Write-off of Bad Debts	0.03	0.03	-0.01	-0.03
Other Operating Activities	56.42	16.76	9.07	2.48
Change in Accounts Receivable	-77.36	-42.88	15.21	-24.01
Change in Inventory	-57.91	-86.18	-40.88	-7.73
Change in Accounts Payable	-36.24	149.89	6.57	109.33
Change in Other Net Operating Assets	28.82	118.2	152.33	185.77
Operating Cash Flow	-956.44	-782.73	-719.17	-422.4
Capital Expenditures	-330.07	-499.91	-544.96	-217.51
Sale of Property, Plant & Equipment	-	0	0.01	-
Cash Acquisitions	-	-24	-	-
Investment in Securities	35.53	11.72	-60	225.41
Other Investing Activities	2.99	2.57	2.15	4.94
Investing Cash Flow	-291.55	-509.62	-602.8	12.84
Long-Term Debt Issued	3,605	605.3	460.07	142.87
Total Debt Issued	3,605	605.3	460.07	142.87
Long-Term Debt Repaid	-2,705	-133.06	-37.91	-69.09
Total Debt Repaid	-2,705	-133.06	-37.91	-69.09
Net Debt Issued (Repaid)	900.38	472.23	422.17	73.78
Issuance of Common Stock	-	-	3,323	125.95
Common Dividends Paid	-66.11	-34.1	-13.12	-0.79
Other Financing Activities	-2.57	6.8	-16.1	-
Financing Cash Flow	831.7	444.94	3,716	198.94
Foreign Exchange Rate Adjustments	0.23	1.4	2.26	-1.01
Net Cash Flow	-416.07	-846.01	2,396	-211.63
Free Cash Flow	-1,287	-1,283	-1,264	-639.91
Free Cash Flow Margin	-643.96%	-1003.35%	-4559.01%	-3943.69%
Free Cash Flow Per Share	-3.22	-3.21	-3.23	-2.14
Cash Income Tax Paid	20.98	-69.09	-141.94	0.99
Levered Free Cash Flow	-1,063	-824.71	-925.61	-354.48
Unlevered Free Cash Flow	-1,027	-816.37	-919.18	-350.47
Change in Working Capital	-119.37	139.65	133.23	263.37

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