SHA:688188 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	1,061	882.71	728.91	479.52	550.2	370.59
Depreciation & Amortization	31.46	31.46	23.64	16.91	10.28	3.95
Other Amortization	2.34	2.34	1.71	0.99	1.9	1.79
Loss (Gain) From Sale of Assets	-0	-0	-0.17	-0.01	-	0
Asset Writedown & Restructuring Costs	-23.54	-23.54	-18.08	1.91	0.3	2.65
Loss (Gain) From Sale of Investments	-23.21	-23.21	-32.12	-19.32	-32.92	-60.75
Provision & Write-off of Bad Debts	1.58	1.58	2.63	-0.45	0.74	1.18
Other Operating Activities	22.61	49.06	24.7	12.81	-0.96	-0.98
Change in Accounts Receivable	-102.4	-102.4	-73.64	5.31	-12.83	-12.87
Change in Inventory	-11.26	-11.26	-33.55	16.43	-96.02	-18.34
Change in Accounts Payable	70.44	70.44	132.55	62.1	14.53	40.08
Change in Other Net Operating Assets	82.95	82.95	124.77	29.75	69.8	48.65
Operating Cash Flow	1,105	952.44	860.94	619.28	498.73	362.47
Operating Cash Flow Growth	27.94%	10.63%	39.02%	24.17%	37.59%	51.09%
Capital Expenditures	-63.88	-113.22	-151.52	-96.76	-163.45	-44.9
Sale of Property, Plant & Equipment	-	0.01	-	0.01	-	0.02
Investment in Securities	-783.21	-789.71	-256	-1,511	1,785	-56.29
Other Investing Activities	49.76	44.79	44	18.86	33.01	61.47
Investing Cash Flow	-797.34	-858.13	-363.53	-1,589	1,655	-39.71
Long-Term Debt Repaid	-	-3.52	-3.34	-6.58	-6.26	-
Net Debt Issued (Repaid)	-3.52	-3.52	-3.34	-6.58	-6.26	-
Issuance of Common Stock	46.67	27.25	2.61	967.04	11.2	-
Common Dividends Paid	-592.46	-515.86	-165.31	-192.4	-129	-74
Other Financing Activities	22.7	-18	-0.83	-1.95	1.28	-
Financing Cash Flow	-526.61	-510.13	-166.87	766.11	-122.78	-74
Foreign Exchange Rate Adjustments	-0.19	0.41	0.14	0.06	-0	-0
Net Cash Flow	-219.59	-415.41	330.68	-203.69	2,031	248.76
Free Cash Flow	1,041	839.23	709.42	522.53	335.28	317.56
Free Cash Flow Growth	38.19%	18.30%	35.77%	55.85%	5.58%	150.80%
Free Cash Flow Margin	50.66%	48.36%	50.42%	58.16%	36.70%	55.63%
Free Cash Flow Per Share	3.59	2.91	2.46	1.83	1.21	1.16
Cash Income Tax Paid	253.88	214.31	160.27	74.11	134.92	73.04
Levered Free Cash Flow	626.62	571.22	442.24	319.7	149.16	245.26
Unlevered Free Cash Flow	626.81	571.35	442.39	319.88	149.36	245.26
Change in Working Capital	32.04	32.04	129.71	126.92	-30.81	44.04

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.