SHA:688100 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	682.38	630.67	525.26	400.16	341.44	275.31
Depreciation & Amortization	29.61	29.61	26.35	22.73	18.77	14.4
Other Amortization	5.89	5.89	4.64	7.37	6.41	4.21
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.02	0	-0.09	-
Asset Writedown & Restructuring Costs	-0.56	-0.56	0.56	-	21.38	12.81
Loss (Gain) From Sale of Investments	7.95	7.95	-10.02	-16.56	-8.91	-5.25
Provision & Write-off of Bad Debts	17.68	17.68	-9.41	24.29	-	-
Other Operating Activities	-57.37	-13.31	23.92	4.26	3.02	2.9
Change in Accounts Receivable	-510.63	-510.63	-145.31	-242.47	-166.59	-185.43
Change in Inventory	-41.89	-41.89	-51.73	-28.68	-116.9	18.77
Change in Accounts Payable	352.13	352.13	50.76	91.68	147.53	51.3
Operating Cash Flow	481.5	473.83	417.4	257.32	245.65	188.57
Operating Cash Flow Growth	-17.63%	13.52%	62.21%	4.75%	30.27%	-17.10%
Capital Expenditures	-269.21	-89.83	-21.54	-38.24	-37.84	-37.54
Sale of Property, Plant & Equipment	0.05	0.01	0.01	0	0.34	0
Investment in Securities	127	62	-95.56	-56.3	-	-
Other Investing Activities	525.68	-13.62	32.64	-11.37	1.67	5.25
Investing Cash Flow	383.52	-41.44	-84.45	-105.91	-35.83	-32.29
Short-Term Debt Issued	-	-	0.32	8.87	-	-
Total Debt Issued	-	-	0.32	8.87	-	-
Long-Term Debt Repaid	-	-6.5	-3.09	-2.54	-1.84	-
Net Debt Issued (Repaid)	-6.5	-6.5	-2.77	6.33	-1.84	-
Issuance of Common Stock	-	-	-	-	-	633.95
Repurchase of Common Stock	-	-	-141.93	-157.12	-	-
Common Dividends Paid	-348.89	-211.42	-161.28	-130	-112.5	-87.5
Other Financing Activities	-215.41	12.68	-	-0.05	50	-38.63
Financing Cash Flow	-570.8	-205.24	-305.98	-280.84	-64.34	507.82
Foreign Exchange Rate Adjustments	0.02	1.1	-1.8	13.85	-2.19	-2.24
Net Cash Flow	294.24	228.25	25.17	-115.58	143.29	661.86
Free Cash Flow	212.29	384	395.86	219.07	207.81	151.03
Free Cash Flow Growth	-62.14%	-3.00%	80.70%	5.42%	37.59%	-28.18%
Free Cash Flow Margin	7.28%	13.99%	17.79%	10.93%	11.38%	10.43%
Free Cash Flow Per Share	0.43	0.78	0.81	0.44	0.41	0.31
Cash Interest Paid	-	-	-	0.05	-	-
Cash Income Tax Paid	174.46	123.36	113.49	122.14	93.09	85.94
Levered Free Cash Flow	-34.46	201.7	298.62	56.19	91.87	66.37
Unlevered Free Cash Flow	-34.23	201.93	298.65	56.22	91.89	66.37
Change in Working Capital	-204.07	-204.07	-143.88	-184.92	-136.36	-115.81

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.