SHA:688148 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	-426.77	-455.38	4.79	66.72
Depreciation & Amortization	134.92	108.37	63.13	51.66
Other Amortization	15.3	9.72	5.04	4.22
Loss (Gain) From Sale of Assets	-0.21	0	0.62	0.03
Asset Writedown & Restructuring Costs	-0.39	-0.08	1.97	0.63
Loss (Gain) From Sale of Investments	9.52	4.8	4.43	1.08
Provision & Write-off of Bad Debts	6.86	-16.98	4.23	8.87
Other Operating Activities	145.59	374.66	36.03	21.51
Change in Accounts Receivable	-322.47	278.82	-439.28	-374.36
Change in Inventory	184.2	276.43	-503.45	-389.61
Change in Accounts Payable	288.9	-905.11	401.03	701.64
Change in Other Net Operating Assets	1.94	50.82	98.61	33.36
Operating Cash Flow	73.91	-326.17	-299.65	120.95
Operating Cash Flow Growth	-	-	-	-36.52%
Capital Expenditures	-75.1	-424.6	-353.69	-410.1
Sale of Property, Plant & Equipment	30.07	0.03	0	0.15
Investment in Securities	0	-2	60	-64.24
Other Investing Activities	0.28	-	0.87	0.47
Investing Cash Flow	-44.75	-426.57	-292.81	-473.72
Long-Term Debt Issued	846.1	827.15	890.37	684.45
Total Debt Issued	846.1	827.15	890.37	684.45
Short-Term Debt Repaid	-	-	-12.6	-11
Long-Term Debt Repaid	-676.23	-474.55	-413.93	-494.98
Total Debt Repaid	-676.23	-474.55	-426.53	-505.98
Net Debt Issued (Repaid)	169.88	352.61	463.84	178.47
Issuance of Common Stock	-	-	642.98	372.11
Repurchase of Common Stock	-80	-75.71	-51.74	-
Common Dividends Paid	-45.71	-41.43	-74.51	-28.85
Dividends Paid	-45.71	-41.43	-74.51	-28.85
Other Financing Activities	-1.53	-26.15	-4.85	-20.39
Financing Cash Flow	42.64	209.32	975.72	501.35
Foreign Exchange Rate Adjustments	-1.37	0.17	0.01	-2.36
Net Cash Flow	70.43	-543.25	383.26	146.22
Free Cash Flow	-1.19	-750.77	-653.34	-289.15
Free Cash Flow Margin	-0.06%	-35.71%	-22.26%	-13.97%
Free Cash Flow Per Share	-0.00	-1.47	-1.36	-0.65
Cash Income Tax Paid	67.34	65.08	-29.37	30.72
Levered Free Cash Flow	22.67	-467.25	-268.27	-611.04
Unlevered Free Cash Flow	78.86	-428.03	-251.42	-598.22
Change in Working Capital	189.11	-351.26	-419.88	-33.78

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