SHA:688069 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	98.7	-86.15	-13.44	56.42	108.8
Depreciation & Amortization	14.87	13.14	12.44	8.95	5.05
Other Amortization	0.36	0.19	0.16	0.15	0.03
Loss (Gain) From Sale of Assets	-	0.03	-1.56	-	-
Asset Writedown & Restructuring Costs	0	7.96	5.35	0.01	0.02
Loss (Gain) From Sale of Investments	-9.6	-9.34	-11.75	-7.5	-12.21
Provision & Write-off of Bad Debts	123.16	107.66	92.43	71.07	50.07
Other Operating Activities	-5.59	-4.11	-2.52	1.97	1.94
Change in Accounts Receivable	-292.81	-109.16	-20.6	32.9	-247.71
Change in Inventory	-31.44	31.75	42.68	-26.36	-24.58
Change in Accounts Payable	28.6	145.18	-44.27	-33.26	23.3
Change in Other Net Operating Assets	6.23	3.34	5.3	7.88	10.53
Operating Cash Flow	-86.1	89.2	58.88	97.82	-92.32
Operating Cash Flow Growth	-	51.50%	-39.81%	-	-
Capital Expenditures	-25.81	-30.75	-21.68	-37.34	-35.89
Sale of Property, Plant & Equipment	5	0	1.64	0	-
Cash Acquisitions	-	-	-	-5.72	-
Divestitures	-0.87	-	-	-	-
Investment in Securities	384	98.95	-310.59	220	169.18
Other Investing Activities	14.36	11.46	11.72	14.03	14.34
Investing Cash Flow	376.68	79.66	-318.91	190.98	147.63
Short-Term Debt Issued	64	62	49	84	120
Total Debt Issued	64	62	49	84	120
Short-Term Debt Repaid	-64	-78	-56	-81	-100.03
Long-Term Debt Repaid	-0.06	-0.09	-1.29	-0.54	-0.29
Total Debt Repaid	-64.06	-78.09	-57.29	-81.54	-100.32
Net Debt Issued (Repaid)	-0.06	-16.09	-8.29	2.46	19.68
Repurchase of Common Stock	-	-78.07	-23.39	-30	-
Common Dividends Paid	-43.81	-24.92	-16.05	-34.32	-37.3
Other Financing Activities	0.88	0.71	3.9	-0.75	0.39
Financing Cash Flow	-42.99	-118.36	-43.82	-62.6	-17.23
Net Cash Flow	247.59	50.5	-303.85	226.2	38.08
Free Cash Flow	-111.91	58.45	37.2	60.49	-128.21
Free Cash Flow Growth	-	57.12%	-38.50%	-	-
Free Cash Flow Margin	-19.49%	13.04%	12.00%	13.48%	-26.09%
Free Cash Flow Per Share	-1.02	0.53	0.33	0.53	-1.10
Cash Income Tax Paid	34.65	10.86	36.33	53.53	69.55
Levered Free Cash Flow	-104.78	47.67	9.47	87.94	-130.22
Unlevered Free Cash Flow	-104.66	48.25	9.83	89.11	-129.18
Change in Working Capital	-308	59.82	-22.23	-33.23	-246.03

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