SHA:688084 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	-18.72	-57.19	30.61	45.33	60.51	58.9
Depreciation & Amortization	12.24	12.24	9.28	8.49	6.52	1.31
Other Amortization	0.2	0.2	0.2	0.17	0.33	0.38
Loss (Gain) From Sale of Assets	-0.06	-0.06	-0.09	-0.27	0.01	0.01
Asset Writedown & Restructuring Costs	0.02	0.02	-0.12	0.54	4.96	19.14
Loss (Gain) From Sale of Investments	-10.99	-10.99	-12.79	-5.92	-3.84	-2.02
Provision & Write-off of Bad Debts	8.95	8.95	8.08	-2.39	4.02	4.4
Other Operating Activities	32.49	16.96	1.97	4.48	0.06	2.18
Change in Accounts Receivable	46.21	46.21	-72.48	93.65	-42.78	-74.66
Change in Inventory	3.69	3.69	-7.4	5.1	145.16	-279.05
Change in Accounts Payable	-53.48	-53.48	4.67	-165.39	-4.82	252.89
Operating Cash Flow	4.9	-49.1	-38.98	-16.43	173.13	-20.77
Capital Expenditures	-66.53	-56.53	-69.18	-84.61	-78.67	-16.68
Sale of Property, Plant & Equipment	0.12	0.06	0.02	0	0	0.02
Cash Acquisitions	0	0	5.05	-	-	-
Investment in Securities	28.54	-380.96	-12.74	284.97	-181.03	-67.56
Other Investing Activities	4.15	5.36	13.17	-	-	4.2
Investing Cash Flow	-33.72	-432.06	-63.69	200.36	-259.7	-80.01
Long-Term Debt Issued	-	-	-	-	60	5
Long-Term Debt Repaid	-	-2.63	-5.6	-66.3	-5.39	-5
Net Debt Issued (Repaid)	2.37	-2.63	-5.6	-66.3	54.61	-
Issuance of Common Stock	-	-	-	1,089	98	269.35
Repurchase of Common Stock	-70.99	-66.67	-	-	-	-
Common Dividends Paid	-0.03	-14.97	-22.84	-2.88	-1.6	-0.06
Other Financing Activities	117.26	16.18	-15.87	-24.68	0.36	-57.31
Financing Cash Flow	48.62	-68.08	-44.32	994.65	151.36	211.98
Net Cash Flow	19.8	-549.25	-146.98	1,179	64.8	111.2
Free Cash Flow	-61.63	-105.64	-108.16	-101.04	94.46	-37.45
Free Cash Flow Margin	-20.03%	-64.52%	-47.97%	-36.11%	22.38%	-13.16%
Free Cash Flow Per Share	-0.79	-1.40	-1.41	-1.78	1.70	-0.84
Cash Income Tax Paid	-	9.27	20.7	34.38	55.48	18.06
Levered Free Cash Flow	-58.74	-93.56	-151.98	-115.25	79.7	-49.42
Unlevered Free Cash Flow	-58.43	-93.34	-151.8	-114.91	80.1	-49.02
Change in Working Capital	-19.23	-19.23	-76.11	-66.86	100.56	-105.06

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