SHA:688119 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	-166.44	-149.69	-59.1	70.04	232.55	224.31
Depreciation & Amortization	88.3	88.3	90.24	83.34	72.76	53.59
Other Amortization	1.56	1.56	-	0.24	0.44	0.47
Loss (Gain) From Sale of Assets	-0.03	-0.03	-	-0.06	-0.01	-
Asset Writedown & Restructuring Costs	66.48	66.48	5.14	4.64	3.57	-0.17
Loss (Gain) From Sale of Investments	-5.27	-5.27	-12.4	-21.23	-21.09	-18.33
Provision & Write-off of Bad Debts	50.86	50.86	55.47	20.01	30.05	7.53
Other Operating Activities	32.69	50.43	43.61	52.89	50.6	46.57
Change in Accounts Receivable	-21.82	-21.82	-24.65	-84.38	-296.1	-36.42
Change in Inventory	80.83	80.83	-7.37	35.11	-140.34	-120.61
Change in Accounts Payable	-26.58	-26.58	-67.79	-155.66	158.36	13.6
Change in Other Net Operating Assets	-	-	-	-	-	-15.28
Operating Cash Flow	87.89	122.37	12.74	-0.21	68.49	155.94
Operating Cash Flow Growth	1298.30%	860.26%	-	-	-56.08%	1364.95%
Capital Expenditures	-45.36	-55.44	-121.24	-242.24	-137.22	-96.78
Sale of Property, Plant & Equipment	0.13	0.06	0.14	8.97	0.94	1.38
Cash Acquisitions	-	-	-	-	-	-80.22
Divestitures	-	-	-	-	-2.08	-
Investment in Securities	200.01	750.01	-750	350	-290	-60
Other Investing Activities	1.97	5.06	10.07	22.09	20.67	13.22
Investing Cash Flow	156.75	699.68	-861.03	138.82	-407.69	-222.39
Long-Term Debt Issued	-	-	-	-	500	-
Long-Term Debt Repaid	-	-	-253.24	-253.24	-	-
Net Debt Issued (Repaid)	-	-	-253.24	-253.24	500	-
Issuance of Common Stock	-	-	-	-	1,072	-
Common Dividends Paid	-15.31	-16.29	-57.63	-168.03	-31.88	-60.71
Other Financing Activities	-13.2	-27.12	89.74	-8.54	-25.92	-11.78
Financing Cash Flow	-28.51	-43.4	-221.12	-429.81	1,515	-72.49
Foreign Exchange Rate Adjustments	-3.9	-1.58	1.94	3.54	10.83	-2.73
Net Cash Flow	212.23	777.06	-1,067	-287.66	1,186	-141.68
Free Cash Flow	42.53	66.92	-108.5	-242.45	-68.72	59.16
Free Cash Flow Margin	2.21%	3.35%	-4.96%	-9.65%	-2.56%	2.23%
Free Cash Flow Per Share	0.04	0.06	-0.10	-0.22	-0.07	0.07
Cash Income Tax Paid	96.18	100.25	120.64	105.89	124.97	152.16
Levered Free Cash Flow	129.51	177.61	-179.39	-407.05	-144.18	277.46
Unlevered Free Cash Flow	141.62	190.24	-163.23	-383.39	-122.22	292.54
Change in Working Capital	20	20	-110.5	-210.07	-300.38	-158.04

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