SHA:688092 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	50.69	67.01	75.3	45.39	53.22
Depreciation & Amortization	13.34	9.71	8.12	7.91	7.24
Other Amortization	3.81	2.97	2.17	3.53	2.06
Loss (Gain) From Sale of Assets	0.06	-0.01	-0.19	-0.01	0
Asset Writedown & Restructuring Costs	2.95	4.31	0.01	0	-
Loss (Gain) From Sale of Investments	-1.5	-1.96	-2.01	-0.36	-4.43
Provision & Write-off of Bad Debts	-	2.62	2.34	1.46	1.44
Other Operating Activities	8.01	0.87	0.23	-7.16	4.93
Change in Accounts Receivable	19.42	-21.09	-22.31	-7.33	-13.12
Change in Inventory	3.74	15.17	-10.83	-4.41	-45.6
Change in Accounts Payable	18.55	-9.08	27.9	-7.17	15.26
Change in Other Net Operating Assets	-34.56	2.08	1.57	2.66	1.62
Operating Cash Flow	84.29	71.9	81.82	34	21.97
Operating Cash Flow Growth	17.22%	-12.12%	140.67%	54.77%	-63.16%
Capital Expenditures	-18.64	-3.43	-11.56	-6.19	-27.21
Sale of Property, Plant & Equipment	0.42	0.06	0.36	0.06	-
Cash Acquisitions	-	-12.27	-	-	-
Investment in Securities	40.94	23.1	-35.75	43.49	-55.35
Investing Cash Flow	22.73	7.45	-46.95	37.35	-82.56
Short-Term Debt Issued	-	0.79	-	20	-
Long-Term Debt Issued	50	30	-	-	-
Total Debt Issued	50	30.79	-	20	-
Short-Term Debt Repaid	-	-14.19	-	-20	-
Long-Term Debt Repaid	-30.61	-34.16	-3.19	-3.08	-5.33
Total Debt Repaid	-30.61	-48.35	-3.19	-23.08	-5.33
Net Debt Issued (Repaid)	19.39	-17.57	-3.19	-3.08	-5.33
Issuance of Common Stock	-	7.63	-	2.98	255.19
Repurchase of Common Stock	-	-	-	-20.48	-
Common Dividends Paid	-23.61	-44.91	-14.04	-16.32	-14.78
Other Financing Activities	-6.33	-	-	-	-15.02
Financing Cash Flow	-10.55	-54.84	-17.23	-36.9	220.06
Foreign Exchange Rate Adjustments	-6.69	3.55	2.23	7.19	-1.86
Net Cash Flow	89.78	28.06	19.88	41.64	157.6
Free Cash Flow	65.65	68.48	70.26	27.81	-5.24
Free Cash Flow Growth	-4.13%	-2.54%	152.64%	-	-
Free Cash Flow Margin	14.64%	15.17%	18.30%	9.36%	-1.64%
Free Cash Flow Per Share	0.79	0.84	0.86	0.34	-0.07
Cash Income Tax Paid	-0.15	0.26	4.7	-5.73	-5.09
Levered Free Cash Flow	82.87	13.63	38.65	5.79	-29.97
Unlevered Free Cash Flow	82.87	14.09	38.96	6.32	-29.58
Change in Working Capital	6.92	-13.61	-4.15	-16.75	-42.5

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