SHA:688143 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
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
Net Income	52.42	17.94	15.56	80.72	76.59
Depreciation & Amortization	22.91	22.91	20.21	15.36	12.43
Other Amortization	0.94	0.94	0.39	0.3	0.19
Loss (Gain) From Sale of Assets	-	-	-	-0.73	-0
Asset Writedown & Restructuring Costs	-5	-5	-1.86	0.05	0.01
Loss (Gain) From Sale of Investments	-6.9	-6.9	-12.06	-0.23	-0.13
Provision & Write-off of Bad Debts	20.56	20.56	11.16	5.33	3.53
Other Operating Activities	-23.98	0.31	0.63	3.31	3.57
Change in Accounts Receivable	-142.54	-142.54	7.13	-89.73	-40.84
Change in Inventory	-10.13	-10.13	-17.99	-12.34	-17.19
Change in Accounts Payable	69.9	69.9	-1.22	30.02	21.95
Change in Other Net Operating Assets	3.49	3.49	0.63	-	-
Operating Cash Flow	-23.37	-33.57	20.62	32.97	58.78
Operating Cash Flow Growth	-	-	-37.44%	-43.91%	-
Capital Expenditures	-238.84	-154.59	-84.82	-36.12	-18.65
Divestitures	-	4.42	-	-	-
Investment in Securities	240.59	233.39	-497.94	33.73	0.13
Other Investing Activities	-82.09	-	-	-33.5	-
Investing Cash Flow	-88.03	83.21	-582.76	-35.89	-18.52
Long-Term Debt Issued	-	56.7	5	32	43
Long-Term Debt Repaid	-	-8.48	-14.48	-54.12	-69.49
Net Debt Issued (Repaid)	171.87	48.22	-9.48	-22.12	-26.49
Issuance of Common Stock	10.26	2.91	12.51	780.27	-
Repurchase of Common Stock	-77.37	-77.37	-	-	-
Common Dividends Paid	-8.78	-1.18	-47.82	-1.55	-3.2
Other Financing Activities	95.18	-20.45	3.6	-31.18	4.1
Financing Cash Flow	191.15	-47.87	-41.2	725.41	-25.58
Foreign Exchange Rate Adjustments	-0	-	-	0.02	-0.01
Net Cash Flow	79.74	1.77	-603.34	722.51	14.67
Free Cash Flow	-262.22	-188.16	-64.2	-3.15	40.12
Free Cash Flow Margin	-62.96%	-56.89%	-29.16%	-1.00%	15.32%
Free Cash Flow Per Share	-2.26	-1.57	-0.54	-0.03	0.43
Cash Income Tax Paid	19.02	8.77	24.8	18.36	29.46
Levered Free Cash Flow	-308.88	-144.12	-64.9	-41.4	-
Unlevered Free Cash Flow	-306.85	-143.29	-64.76	-40.71	-
Change in Working Capital	-84.34	-84.34	-13.4	-71.15	-37.41

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