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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-9.96	-11.43	-57.19	30.61	45.33	60.51
Depreciation & Amortization	15.82	15.82	12.24	9.28	8.49	6.52
Other Amortization	1.12	1.12	0.2	0.2	0.17	0.33
Loss (Gain) From Sale of Assets	-0.1	-0.1	-0.06	-0.09	-0.27	0.01
Asset Writedown & Restructuring Costs	19.47	19.47	0.02	-0.12	0.54	4.96
Loss (Gain) From Sale of Investments	-9.13	-9.13	-10.99	-12.79	-5.92	-3.84
Provision & Write-off of Bad Debts	-	-	8.95	8.08	-2.39	4.02
Other Operating Activities	-51.32	-8.52	16.96	1.97	4.48	0.06
Change in Accounts Receivable	15.47	15.47	46.21	-72.48	93.65	-42.78
Change in Inventory	-3.47	-3.47	3.69	-7.4	5.1	145.16
Change in Accounts Payable	53.1	53.1	-53.48	4.67	-165.39	-4.82
Operating Cash Flow	21.76	63.08	-49.1	-38.98	-16.43	173.13
Capital Expenditures	-82.02	-82.33	-56.53	-69.18	-84.61	-78.67
Sale of Property, Plant & Equipment	0.95	0.95	0.06	0.02	0	0
Cash Acquisitions	-	-	0	5.05	-	-
Investment in Securities	-95.05	200.9	-380.96	-12.74	284.97	-181.03
Other Investing Activities	11.63	8.5	5.36	13.17	-	-
Investing Cash Flow	-164.5	128.02	-432.06	-63.69	200.36	-259.7
Long-Term Debt Issued	-	15.15	-	-	-	60
Long-Term Debt Repaid	-	-15	-2.63	-5.6	-66.3	-5.39
Net Debt Issued (Repaid)	1.65	0.15	-2.63	-5.6	-66.3	54.61
Issuance of Common Stock	-	-	-	-	1,089	98
Repurchase of Common Stock	-	-	-66.67	-	-	-
Common Dividends Paid	-0.04	-0.03	-14.97	-22.84	-2.88	-1.6
Other Financing Activities	-8.42	-3.51	16.18	-15.87	-24.68	0.36
Financing Cash Flow	-6.81	-3.39	-68.08	-44.32	994.65	151.36
Net Cash Flow	-149.55	187.71	-549.25	-146.98	1,179	64.8
Free Cash Flow	-60.26	-19.24	-105.64	-108.16	-101.04	94.46
Free Cash Flow Margin	-18.68%	-6.58%	-64.52%	-47.97%	-36.11%	22.38%
Free Cash Flow Per Share	-0.83	-0.26	-1.40	-1.41	-1.78	1.70
Cash Income Tax Paid	-	-3.86	9.27	20.7	34.38	55.48
Levered Free Cash Flow	-46.33	-2.76	-93.56	-151.98	-115.25	79.7
Unlevered Free Cash Flow	-46.33	-2.76	-93.34	-151.8	-114.91	80.1
Change in Working Capital	55.87	55.87	-19.23	-76.11	-66.86	100.56

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