SHA:688159 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	100.25	-38.43	-56.53	-12.96
Depreciation & Amortization	28.46	26.26	18.98	15.74
Other Amortization	7.89	4.55	3.8	1.29
Loss (Gain) From Sale of Assets	-1.2	-	-	-
Asset Writedown & Restructuring Costs	0.01	0.01	0	8.7
Loss (Gain) From Sale of Investments	-2.22	-0.96	-5.5	-5.27
Provision & Write-off of Bad Debts	39.53	-4.02	26.29	13.22
Other Operating Activities	48.11	29.09	26.94	12.38
Change in Accounts Receivable	-458.15	-49.78	122.65	-250.35
Change in Inventory	206.56	-185.07	14.75	0.66
Change in Accounts Payable	32.96	2.43	-1.65	138.87
Change in Other Net Operating Assets	9.08	7.68	-2.34	2.58
Operating Cash Flow	12.82	-222.84	125.46	-86.72
Capital Expenditures	-16.21	-42.86	-67.56	-57.66
Sale of Property, Plant & Equipment	0.15	0.04	-	-
Investment in Securities	-	10	39.2	130.4
Other Investing Activities	-	0.12	3.78	5.07
Investing Cash Flow	-16.06	-32.7	-24.57	77.81
Short-Term Debt Issued	539	471.1	256.88	375.21
Long-Term Debt Issued	-	50	-	-
Total Debt Issued	539	521.1	256.88	375.21
Short-Term Debt Repaid	-	-	-	-308.34
Long-Term Debt Repaid	-445.02	-312.19	-297.8	-2.93
Total Debt Repaid	-445.02	-312.19	-297.8	-311.27
Net Debt Issued (Repaid)	93.98	208.91	-40.91	63.94
Issuance of Common Stock	1.65	5.04	-	-
Repurchase of Common Stock	-1.51	-	-	-
Common Dividends Paid	-23.83	-14.6	-11.59	-16.03
Dividends Paid	-23.83	-14.6	-11.59	-16.03
Other Financing Activities	-8.79	11.05	-9.4	-3.27
Financing Cash Flow	61.5	210.4	-61.91	44.63
Foreign Exchange Rate Adjustments	0.59	-0.82	5.01	-
Net Cash Flow	58.85	-45.94	43.98	35.73
Free Cash Flow	-3.39	-265.7	57.9	-144.38
Free Cash Flow Margin	-0.11%	-28.51%	6.90%	-14.09%
Free Cash Flow Per Share	-0.04	-2.90	0.64	-1.57
Cash Income Tax Paid	3.61	1.78	-6.27	3.38
Levered Free Cash Flow	-132.89	-220.12	48.65	-165.82
Unlevered Free Cash Flow	-117.45	-210.39	56.65	-157.5
Change in Working Capital	-208	-239.32	111.48	-119.81

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.