SHA:688161 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	273.8	223.75	112.32	600.7	690.32
Depreciation & Amortization	66.96	57.85	62.4	56.91	51.48
Other Amortization	48.21	52.99	43.49	42.02	42.34
Loss (Gain) From Sale of Assets	-0.15	-6.37	-0.02	-0.27	-0.03
Asset Writedown & Restructuring Costs	31.12	0.25	0.2	0.04	3.81
Loss (Gain) From Sale of Investments	-30.92	-27.32	-27.69	-27.57	-22.78
Provision & Write-off of Bad Debts	-	-8.29	-5.29	15.02	10.13
Other Operating Activities	9.13	45.51	21.08	1.62	1.35
Change in Accounts Receivable	-65.35	34.14	227.83	-105.88	-102.56
Change in Inventory	16.58	13.11	-160.54	-143.72	-49.72
Change in Accounts Payable	37.57	-111.36	-137.02	69.28	169.3
Change in Other Net Operating Assets	27.92	-	-	-	-
Operating Cash Flow	415.42	274.19	119.44	508.56	788.25
Operating Cash Flow Growth	51.51%	129.56%	-76.51%	-35.48%	22.38%
Capital Expenditures	-27.09	-24.34	-42.98	-115.76	-112.41
Sale of Property, Plant & Equipment	14.65	0.57	2.08	1.41	0.21
Cash Acquisitions	-	-	-43.22	-	-
Investment in Securities	-638.5	-203	-20	-90	-1,090
Other Investing Activities	32.76	33.15	10.46	48.71	12.06
Investing Cash Flow	-618.18	-193.62	-81.57	-129.46	-1,188
Long-Term Debt Issued	-	8.54	-	-	-
Long-Term Debt Repaid	-	-5.71	-4.83	-4.85	-4.45
Net Debt Issued (Repaid)	-	2.83	-4.83	-4.85	-4.45
Issuance of Common Stock	-	-	-	-	1,405
Repurchase of Common Stock	-	-35	-45.01	-	-
Common Dividends Paid	-127.69	-75.25	-163.99	-211.44	-
Other Financing Activities	-112.31	-103	-710.54	-12.39	-46.58
Financing Cash Flow	-239.99	-210.43	-924.36	-228.68	1,354
Foreign Exchange Rate Adjustments	-0.87	0.92	0.18	-0.55	-0.09
Net Cash Flow	-443.63	-128.93	-886.31	149.88	953.8
Free Cash Flow	388.33	249.85	76.46	392.8	675.84
Free Cash Flow Growth	55.42%	226.76%	-80.53%	-41.88%	13.68%
Free Cash Flow Margin	25.50%	17.20%	5.96%	19.09%	31.38%
Free Cash Flow Per Share	0.97	0.63	0.19	0.98	1.78
Cash Interest Paid	-	0.23	0.21	0.54	-
Cash Income Tax Paid	204.04	162.21	233.32	328.76	368.51
Levered Free Cash Flow	-1,309	125.96	452.76	230.39	488.41
Unlevered Free Cash Flow	-1,309	126.61	453.36	230.78	488.79
Change in Working Capital	17.27	-64.17	-87.05	-179.91	11.63

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