SHA:688188 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	882.71	728.91	479.52	550.2
Depreciation & Amortization	31.46	23.64	16.91	10.28
Other Amortization	2.34	1.71	0.99	1.9
Loss (Gain) From Sale of Assets	-0	-0.17	-0.01	-
Asset Writedown & Restructuring Costs	-23.54	-18.08	1.91	0.3
Loss (Gain) From Sale of Investments	-23.21	-32.12	-19.32	-32.92
Provision & Write-off of Bad Debts	1.58	2.63	-0.45	0.74
Other Operating Activities	49.06	24.7	12.81	-0.96
Change in Accounts Receivable	-102.4	-73.64	5.31	-12.83
Change in Inventory	-11.26	-33.55	16.43	-96.02
Change in Accounts Payable	70.44	132.55	62.1	14.53
Change in Other Net Operating Assets	82.95	124.77	29.75	69.8
Operating Cash Flow	952.44	860.94	619.28	498.73
Operating Cash Flow Growth	10.63%	39.02%	24.17%	37.59%
Capital Expenditures	-113.22	-151.52	-96.76	-163.45
Sale of Property, Plant & Equipment	0.01	-	0.01	-
Investment in Securities	-789.71	-256	-1,511	1,785
Other Investing Activities	44.79	44	18.86	33.01
Investing Cash Flow	-858.13	-363.53	-1,589	1,655
Long-Term Debt Repaid	-3.52	-3.34	-6.58	-6.26
Net Debt Issued (Repaid)	-3.52	-3.34	-6.58	-6.26
Issuance of Common Stock	27.25	2.61	967.04	11.2
Common Dividends Paid	-515.86	-165.31	-192.4	-129
Other Financing Activities	-18	-0.83	-1.95	1.28
Financing Cash Flow	-510.13	-166.87	766.11	-122.78
Foreign Exchange Rate Adjustments	0.41	0.14	0.06	-0
Net Cash Flow	-415.41	330.68	-203.69	2,031
Free Cash Flow	839.23	709.42	522.53	335.28
Free Cash Flow Growth	18.30%	35.77%	55.85%	5.58%
Free Cash Flow Margin	48.36%	50.42%	58.16%	36.70%
Free Cash Flow Per Share	2.91	2.46	1.83	1.21
Cash Income Tax Paid	214.31	160.27	74.11	134.92
Levered Free Cash Flow	571.22	442.24	319.7	149.16
Unlevered Free Cash Flow	571.35	442.39	319.88	149.36
Change in Working Capital	32.04	129.71	126.92	-30.81

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