SHA:688181 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	76.6	106.8	203.9	206.71
Depreciation & Amortization	50.17	44.67	50.8	41.37
Other Amortization	3.19	3.11	2.66	0.44
Loss (Gain) From Sale of Assets	0.77	-0.04	-0.38	0.01
Asset Writedown & Restructuring Costs	0.12	0.12	0.03	0.42
Loss (Gain) From Sale of Investments	-21.54	-13.84	-28.28	-32.21
Provision & Write-off of Bad Debts	0.41	-1.43	-0.87	1.11
Other Operating Activities	6.9	7.44	2.28	10.61
Change in Accounts Receivable	33.08	63.51	-21.79	-27.64
Change in Inventory	-54.58	57	-50.89	-47.49
Change in Accounts Payable	51.34	15.48	43.97	33.35
Change in Other Net Operating Assets	17.71	-14.94	-22.4	-0
Operating Cash Flow	168.61	266.42	181	193.14
Operating Cash Flow Growth	-36.71%	47.20%	-6.29%	50.08%
Capital Expenditures	-286.98	-685.91	-378.98	-220.58
Sale of Property, Plant & Equipment	0.08	0.04	0.08	0
Investment in Securities	-12.57	283.62	174.85	278.87
Other Investing Activities	4.37	50.98	22.66	27.01
Investing Cash Flow	-295.1	-351.27	-181.39	85.31
Short-Term Debt Issued	-	-	-	27
Long-Term Debt Issued	326.48	183.57	62.36	-
Total Debt Issued	326.48	183.57	62.36	27
Short-Term Debt Repaid	-	-	-	-63
Long-Term Debt Repaid	-239.91	-54.05	-9.09	-6.64
Total Debt Repaid	-239.91	-54.05	-9.09	-69.64
Net Debt Issued (Repaid)	86.56	129.52	53.27	-42.64
Repurchase of Common Stock	-50	-	-60.01	-
Common Dividends Paid	-18.94	-36.7	-0.33	-53.49
Dividends Paid	-18.94	-36.7	-0.33	-53.49
Other Financing Activities	13.28	20	-5.7	-
Financing Cash Flow	30.91	112.82	-12.76	-96.13
Foreign Exchange Rate Adjustments	0.16	-0.36	-0.02	0
Net Cash Flow	-95.42	27.61	-13.17	182.31
Free Cash Flow	-118.38	-419.49	-197.98	-27.44
Free Cash Flow Margin	-16.05%	-52.47%	-21.19%	-3.09%
Free Cash Flow Per Share	-0.88	-3.14	-1.49	-0.20
Cash Income Tax Paid	44.89	60.84	84.97	83.63
Levered Free Cash Flow	-261.4	-334.15	-219.34	-42.85
Unlevered Free Cash Flow	-258.89	-332.41	-218.57	-41.36
Change in Working Capital	51.99	119.59	-49.14	-35.32

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