SHA:688178 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-115.92	-74.21	-86.63	22.36	72.63	126.39
Depreciation & Amortization	52.94	52.94	44.29	31.69	26.52	20.56
Other Amortization	8.3	8.3	4.91	4.51	3.75	2.88
Loss (Gain) From Sale of Assets	0.38	0.38	-	0.77	0	-
Asset Writedown & Restructuring Costs	5.82	5.82	5.71	25.64	47.2	29.71
Loss (Gain) From Sale of Investments	2.19	2.19	0.5	0.7	-5.76	-39.37
Provision & Write-off of Bad Debts	36.29	36.29	25.22	11.41	-	-
Other Operating Activities	88.52	18.58	-0.06	15.34	5.61	4.88
Change in Accounts Receivable	142.44	142.44	36.8	-33.03	-271.85	-639.75
Change in Inventory	1.48	1.48	-35.46	20.99	17.12	145.86
Change in Accounts Payable	-100.3	-100.3	-108.56	-59.7	86.58	248.19
Operating Cash Flow	110.1	81.87	-132.84	37.45	-26.61	-104.76
Operating Cash Flow Growth	453.94%	-	-	-	-	-
Capital Expenditures	-124.99	-203.63	-186.98	-116.68	-221.26	-32.48
Sale of Property, Plant & Equipment	0.26	0.01	-	0.22	0.18	-
Cash Acquisitions	4.82	-7.4	-1.63	-6.62	-	-
Divestitures	-	-	-	-	4.42	14.32
Investment in Securities	-10.68	29.42	4.58	-62.8	158	-179.65
Other Investing Activities	3.19	1.56	2.87	3.07	5.27	10.51
Investing Cash Flow	-127.4	-180.05	-181.17	-182.81	-53.4	-187.29
Long-Term Debt Issued	-	347.57	349.15	203.29	118.95	-
Long-Term Debt Repaid	-	-235.92	-188.06	-123.91	-31.33	-25.01
Net Debt Issued (Repaid)	87.41	111.65	161.09	79.38	87.63	-25.01
Issuance of Common Stock	-	-	0.46	-	-	498
Repurchase of Common Stock	-6.28	-1.44	-0.14	-	-	-
Common Dividends Paid	-18.32	-15.73	-31.44	-8.37	-5.15	-41.3
Other Financing Activities	8.9	0.57	14.57	6.54	0.44	-12.12
Financing Cash Flow	71.71	95.04	144.53	77.55	82.92	419.56
Foreign Exchange Rate Adjustments	-	-	-	-	-	0
Net Cash Flow	54.42	-3.13	-169.49	-67.8	2.91	127.52
Free Cash Flow	-14.89	-121.76	-319.83	-79.23	-247.87	-137.24
Free Cash Flow Margin	-2.58%	-19.59%	-39.50%	-9.21%	-23.66%	-17.21%
Free Cash Flow Per Share	-0.17	-1.43	-3.76	-0.93	-2.92	-1.65
Cash Income Tax Paid	23.52	11.69	43.52	46.86	42.54	42.63
Levered Free Cash Flow	6.37	-86.07	-87.08	-88.19	-381.35	-165.51
Unlevered Free Cash Flow	17.56	-76.35	-82.3	-82.6	-377.57	-162.46
Change in Working Capital	31.59	31.59	-126.79	-74.97	-176.57	-249.81

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