SHA:688112 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	131.81	112.11	155.26	140.77	81.06	53.71
Depreciation & Amortization	21.82	21.82	13.75	9.45	5.91	1.99
Other Amortization	1.88	1.88	0.83	0.5	0.24	0.07
Loss (Gain) From Sale of Assets	-0.19	-0.19	-0	-0	-0	-
Asset Writedown & Restructuring Costs	0.01	0.01	0.05	-	-	0.37
Loss (Gain) From Sale of Investments	-	-	-1.47	-0.66	-	-0.14
Provision & Write-off of Bad Debts	2.06	2.06	-0.99	2.82	1.03	0.78
Other Operating Activities	40.01	3.21	-3.9	-2.53	5.6	1.8
Change in Accounts Receivable	8.7	8.7	-4.29	-80.43	-25.97	-10.57
Change in Inventory	-31.74	-31.74	-52.13	-57.69	-46.22	-3.43
Change in Accounts Payable	4.36	4.36	-4.15	21.27	15.22	10.02
Change in Other Net Operating Assets	-1.29	-1.29	1.91	2.46	-0.04	0.11
Operating Cash Flow	174.55	118.05	106.27	29.12	36.56	55.22
Operating Cash Flow Growth	18.14%	11.09%	264.99%	-20.37%	-33.78%	50.80%
Capital Expenditures	-28.63	-34.27	-21.2	-16.45	-7.04	-2.43
Sale of Property, Plant & Equipment	0.01	0.01	0.01	0.01	0.03	0
Other Investing Activities	-	-	1.47	0.66	-	0.14
Investing Cash Flow	-28.62	-34.26	-19.72	-15.79	-7.01	-2.29
Long-Term Debt Repaid	-	-11.89	-7.43	-6.23	-3.88	-
Net Debt Issued (Repaid)	-11.89	-11.89	-7.43	-6.23	-3.88	-
Issuance of Common Stock	7.73	-	8.08	-	1,151	-
Common Dividends Paid	-81.19	-140.1	-90.67	-50	-	-
Other Financing Activities	-5.42	-	-	-	-	-
Financing Cash Flow	-90.77	-151.99	-90.02	-56.23	1,147	-
Foreign Exchange Rate Adjustments	10.42	0.33	6.08	9.19	-5.8	-2.67
Net Cash Flow	65.59	-67.86	2.61	-33.71	1,171	50.26
Free Cash Flow	145.93	83.79	85.07	12.67	29.52	52.79
Free Cash Flow Growth	24.60%	-1.51%	571.55%	-57.09%	-44.08%	62.47%
Free Cash Flow Margin	25.41%	16.84%	17.60%	3.19%	9.72%	23.91%
Free Cash Flow Per Share	0.91	0.52	0.54	0.08	0.24	0.44
Cash Income Tax Paid	4.25	-8.58	-10.69	-8.64	-9.89	-5.5
Levered Free Cash Flow	74.16	10.35	40.96	-24.93	-3.62	32.5
Unlevered Free Cash Flow	75.23	11.37	41.52	-24.41	-3.32	32.5
Change in Working Capital	-22.85	-22.85	-57.25	-121.24	-57.27	-3.37

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