SHA:688169 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	1,977	2,051	1,183	1,402
Depreciation & Amortization	151.23	132.97	106.33	57.03
Other Amortization	10.33	7.89	3.85	1.93
Loss (Gain) From Sale of Assets	0.96	-0.68	-0.07	-
Asset Writedown & Restructuring Costs	39.96	85.65	38.23	30.25
Loss (Gain) From Sale of Investments	-195.85	-166.89	-13.16	-257.7
Stock-Based Compensation	92.23	106.35	71.96	86.13
Provision & Write-off of Bad Debts	4.82	2.29	2.77	2.24
Other Operating Activities	-145.36	-30.46	-27.33	-52.58
Change in Accounts Receivable	-1,205	-620.9	-21.8	-181.09
Change in Inventory	-613.4	-292.74	-120.61	-214.76
Change in Accounts Payable	1,704	988.02	-73.5	662.01
Operating Cash Flow	1,734	2,186	1,120	1,519
Operating Cash Flow Growth	-20.68%	95.09%	-26.23%	0.04%
Capital Expenditures	-292.55	-247.81	-254.82	-439.25
Sale of Property, Plant & Equipment	-	0.68	0.07	-
Cash Acquisitions	-	-	-	-2.96
Divestitures	-	-	0.26	-
Investment in Securities	-309	-2,258	-384.02	-1,252
Other Investing Activities	249.54	156.59	133.57	233.06
Investing Cash Flow	-352	-2,348	-504.94	-1,461
Long-Term Debt Issued	902.15	928.41	99.23	-
Long-Term Debt Repaid	-1,129	-429.31	-105.83	-23.36
Net Debt Issued (Repaid)	-226.87	499.1	-6.59	-23.36
Issuance of Common Stock	101.32	46.57	10.93	7.29
Repurchase of Common Stock	-54.85	-102.72	-61.07	-
Common Dividends Paid	-615.18	-239.76	-141.06	-137
Other Financing Activities	-4.59	-4.22	-4.6	-1.6
Financing Cash Flow	-800.17	198.97	-202.4	-154.68
Foreign Exchange Rate Adjustments	36.16	11.77	19.91	-6.13
Net Cash Flow	617.85	48.47	433.04	-102.84
Free Cash Flow	1,441	1,938	865.65	1,080
Free Cash Flow Growth	-25.63%	123.89%	-19.82%	104.17%
Free Cash Flow Margin	12.07%	22.40%	13.06%	18.50%
Free Cash Flow Per Share	5.58	7.51	3.36	4.19
Cash Income Tax Paid	332.88	366.88	-19.69	72.78
Levered Free Cash Flow	812.08	2,000	551.16	699.16
Unlevered Free Cash Flow	818.53	2,006	552.15	700.04
Change in Working Capital	-201.01	-2.4	-245.58	249.1

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