SHA:688160 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	72.48	48.89	60.68	91.06	74.71
Depreciation & Amortization	16.42	15.75	14.43	13.18	11.77
Other Amortization	3.34	1.87	3.93	2.79	1.82
Loss (Gain) From Sale of Assets	0.08	0.43	-0.06	-0.06	-
Asset Writedown & Restructuring Costs	-	-	11.94	7.75	11.49
Loss (Gain) From Sale of Investments	-10.65	-10.33	-5.45	-1.72	-5.58
Provision & Write-off of Bad Debts	3.61	1.09	-0.58	1.99	1.35
Other Operating Activities	13.99	10.79	2	-0.85	2.16
Change in Accounts Receivable	-99.83	-0	-0.25	-43.07	-43.54
Change in Inventory	-73.19	-9.74	-0.58	14.47	-65.67
Change in Accounts Payable	117.26	21.35	12.34	10.91	-8.21
Change in Other Net Operating Assets	18.57	1.31	2.18	-	-
Operating Cash Flow	61.88	80.78	99.43	96.61	-21.15
Operating Cash Flow Growth	-23.41%	-18.75%	2.92%	-	-
Capital Expenditures	-61.41	-65.57	-39.68	-15.89	-11.02
Sale of Property, Plant & Equipment	0.48	0.19	0.01	0	0
Investment in Securities	-103.01	-213.05	-77.79	-79.67	-0.04
Other Investing Activities	9.74	8.7	2.04	1.09	5.58
Investing Cash Flow	-154.19	-269.73	-115.43	-94.47	-5.48
Short-Term Debt Issued	120.48	114.29	71.09	34.76	-
Total Debt Issued	120.48	114.29	71.09	34.76	-
Short-Term Debt Repaid	-146	-76.63	-60	-5	-
Long-Term Debt Repaid	-10.45	-10.37	-10.46	-8.66	-8.16
Total Debt Repaid	-156.45	-86.99	-70.46	-13.66	-8.16
Net Debt Issued (Repaid)	-35.97	27.3	0.63	21.1	-8.16
Issuance of Common Stock	459.42	-	-	-	-
Common Dividends Paid	-25.2	-25.2	-33.6	-25.26	-25.74
Other Financing Activities	-0.05	-12.18	-4.41	-2.45	-54
Financing Cash Flow	398.2	-10.08	-37.38	-6.61	-87.9
Foreign Exchange Rate Adjustments	-0.12	0.39	0.02	1.15	-1.18
Net Cash Flow	305.77	-198.63	-53.36	-3.32	-115.71
Free Cash Flow	0.47	15.22	59.75	80.71	-32.17
Free Cash Flow Growth	-96.92%	-74.53%	-25.97%	-	-
Free Cash Flow Margin	0.07%	2.78%	11.80%	14.97%	-5.99%
Free Cash Flow Per Share	0.01	0.18	0.71	0.96	-0.38
Cash Income Tax Paid	14.89	8.59	21.69	25.25	8.75
Levered Free Cash Flow	-13.36	-16.93	35.84	56.93	-105.6
Unlevered Free Cash Flow	-12.58	-15.79	36.93	57.44	-105.15
Change in Working Capital	-37.39	12.29	12.54	-17.54	-118.87

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