SHA:688076 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	404.39	162.94	129.11	115.39
Depreciation & Amortization	209.29	135.55	99.96	84.77
Other Amortization	7.73	4.61	4.72	4.25
Loss (Gain) From Sale of Assets	-0.5	-0.18	-18.89	-0.06
Asset Writedown & Restructuring Costs	9.7	15.3	0.45	2.31
Loss (Gain) From Sale of Investments	1.72	-3.16	-19.98	-3.22
Provision & Write-off of Bad Debts	20.62	5.11	5.87	1.65
Other Operating Activities	58.16	49	29.63	15.44
Change in Accounts Receivable	-348.97	-126.49	-145.04	-45.88
Change in Inventory	-243.29	-82.58	-111.74	-87.63
Change in Accounts Payable	291.17	180.38	58.34	75.82
Change in Other Net Operating Assets	32.63	23.3	1.71	8.77
Operating Cash Flow	400.12	350.21	29.29	180.75
Operating Cash Flow Growth	14.25%	1095.59%	-83.79%	27.84%
Capital Expenditures	-1,090	-660.64	-438.36	-233.36
Sale of Property, Plant & Equipment	3.98	1.53	0.06	0.34
Divestitures	-	-	13.12	-
Investment in Securities	-308	-6	-25.95	-7
Other Investing Activities	0.95	2.9	1.39	3.09
Investing Cash Flow	-1,393	-662.21	-449.74	-236.93
Short-Term Debt Issued	-	-	-	242.68
Long-Term Debt Issued	1,698	1,146	388.99	-
Total Debt Issued	1,698	1,146	388.99	242.68
Short-Term Debt Repaid	-	-	-	-422.79
Long-Term Debt Repaid	-901.76	-454.73	-129.65	-4.11
Total Debt Repaid	-901.76	-454.73	-129.65	-426.91
Net Debt Issued (Repaid)	796.43	691.05	259.34	-184.23
Issuance of Common Stock	22.98	-	-	762.63
Common Dividends Paid	-118.75	-57.61	-40.57	-6.04
Dividends Paid	-118.75	-57.61	-40.57	-6.04
Other Financing Activities	99.1	-1.54	18.15	-37.47
Financing Cash Flow	799.75	631.9	236.91	534.89
Foreign Exchange Rate Adjustments	8.34	-3.21	-0.82	-1.58
Net Cash Flow	-184.98	316.69	-184.35	477.13
Free Cash Flow	-690.01	-310.43	-409.07	-52.61
Free Cash Flow Margin	-42.47%	-30.04%	-62.81%	-8.17%
Free Cash Flow Per Share	-2.24	-1.03	-1.38	-0.20
Cash Income Tax Paid	18.56	8.2	-29.3	-11.18
Levered Free Cash Flow	-856.88	-374.23	-441.9	-133.86
Unlevered Free Cash Flow	-835.17	-364.18	-436.11	-130.04
Change in Working Capital	-311	-18.95	-201.59	-39.78

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