SHA:688118 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	6.09	7.1	6.55	-15.66	1.22	39.13
Depreciation & Amortization	8.4	8.4	8.31	8.54	6.85	6.23
Other Amortization	0.42	0.42	0.74	0.88	0.57	0.88
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0.01	0.04	-0.12	-0.09
Asset Writedown & Restructuring Costs	-0.92	-0.92	-	-	-	-
Loss (Gain) From Sale of Investments	-2.86	-2.86	-5.37	-8.28	-11.65	-21.76
Provision & Write-off of Bad Debts	-	-	5.89	-1.27	4.11	8.44
Other Operating Activities	5.09	-6.7	-3	-1.48	0.5	4.78
Change in Accounts Receivable	25.15	25.15	4.58	-36.15	20.21	-0.32
Change in Inventory	5.47	5.47	7.89	12.96	-17.17	-5.9
Change in Accounts Payable	-19.23	-19.23	-4.03	-21.3	3.48	32.88
Change in Other Net Operating Assets	1.66	1.66	1.66	2.95	2.6	4.02
Operating Cash Flow	25.39	14.62	17.49	-68.34	1.02	66.79
Operating Cash Flow Growth	18.98%	-16.42%	-	-	-98.47%	262.08%
Capital Expenditures	-7.71	-7.62	-0.8	-12.43	-92.13	-1.76
Sale of Property, Plant & Equipment	0	0	0.01	0.02	0.01	0.12
Investment in Securities	-59	-96	-54	2	-95	165
Other Investing Activities	4.28	3.99	8.84	6.96	9.95	16.02
Investing Cash Flow	-62.43	-99.63	-45.95	-3.45	-177.17	179.38
Long-Term Debt Repaid	-	-	-3.57	-5.12	-4.67	-4.6
Net Debt Issued (Repaid)	-	-	-3.57	-5.12	-4.67	-4.6
Issuance of Common Stock	20.61	20.61	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-12.56	-67.72
Common Dividends Paid	-13.77	-13.77	-9.18	-	-45.91	-28.19
Other Financing Activities	-2.6	-3.02	-	-	-	-0.09
Financing Cash Flow	4.24	3.82	-12.75	-5.12	-63.14	-100.6
Net Cash Flow	-32.79	-81.19	-41.21	-76.9	-239.29	145.57
Free Cash Flow	17.68	7	16.69	-80.77	-91.11	65.04
Free Cash Flow Growth	-19.26%	-58.08%	-	-	-	323.56%
Free Cash Flow Margin	5.34%	2.06%	3.98%	-16.81%	-21.42%	14.90%
Free Cash Flow Per Share	0.19	0.07	0.18	-0.88	-0.97	0.69
Cash Income Tax Paid	22.89	22.89	22.35	21.31	31.29	25.92
Levered Free Cash Flow	-89.21	-101.86	9.49	-78.59	-96.76	58.08
Unlevered Free Cash Flow	-89.21	-101.86	9.59	-78.48	-96.55	58.4
Change in Working Capital	9.19	9.19	4.37	-51.11	-0.46	29.17

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