SHA:688131 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	201.59	127.45	193.64	190.98
Depreciation & Amortization	161.48	123.22	66.19	38.13
Other Amortization	29.52	34.31	22.56	13.07
Loss (Gain) From Sale of Assets	0.59	-0.06	0.19	0.04
Asset Writedown & Restructuring Costs	-	-	43.38	29.09
Loss (Gain) From Sale of Investments	13.76	4.77	-16.05	0.12
Provision & Write-off of Bad Debts	14.95	10.86	10.64	3.8
Other Operating Activities	165.33	114.58	5.93	16.85
Change in Accounts Receivable	-104.6	-131.49	-193.66	-75.35
Change in Inventory	-145.86	-317.17	-586.88	-152.81
Change in Accounts Payable	65.21	-8.42	211.03	8.41
Change in Other Net Operating Assets	25.4	23.57	28.68	-
Operating Cash Flow	381.96	-63.61	-240.23	57.83
Operating Cash Flow Growth	-	-	-	-50.48%
Capital Expenditures	-304.46	-259.77	-581.36	-287.69
Sale of Property, Plant & Equipment	6.34	0.56	0.75	0.02
Cash Acquisitions	-8.8	-39	-190.67	-
Investment in Securities	-476.75	-31.64	54.33	-20
Other Investing Activities	0.01	1.34	3.95	1.83
Investing Cash Flow	-783.65	-328.51	-713	-305.84
Long-Term Debt Issued	1,590	735.19	399.84	4
Total Debt Issued	1,590	735.19	399.84	4
Long-Term Debt Repaid	-783.87	-341.64	-32.98	-101.93
Total Debt Repaid	-783.87	-341.64	-32.98	-101.93
Net Debt Issued (Repaid)	805.69	393.55	366.86	-97.93
Issuance of Common Stock	10.02	30.13	42	1,132
Common Dividends Paid	-47.04	-64.48	-47.08	-
Dividends Paid	-47.04	-64.48	-47.08	-
Other Financing Activities	22.82	50	-1.45	-27.02
Financing Cash Flow	791.48	409.21	360.32	1,007
Foreign Exchange Rate Adjustments	7.85	3.11	14.41	-7.24
Net Cash Flow	397.63	20.2	-578.5	752.05
Free Cash Flow	77.5	-323.37	-821.59	-229.85
Free Cash Flow Margin	3.41%	-17.20%	-60.50%	-23.71%
Free Cash Flow Per Share	0.37	-1.55	-4.03	-1.29
Cash Interest Paid	31.33	23.7	-	1.82
Cash Income Tax Paid	112.01	49.23	-13.89	53.39
Levered Free Cash Flow	14.06	-352.11	-922.25	-252.3
Unlevered Free Cash Flow	41.56	-330.92	-911.71	-246.37
Change in Working Capital	-205.26	-478.73	-566.71	-234.23

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