SHA:688192 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	-845.96	-1,108	-736	-669.88
Depreciation & Amortization	64.21	65.58	58.43	53.72
Other Amortization	12.81	7.1	4.64	1.86
Loss (Gain) From Sale of Assets	-	0.01	-0.02	-
Loss (Gain) From Sale of Investments	-14.45	-22.52	-42.16	-2.37
Stock-Based Compensation	-	-	27.89	61.97
Provision & Write-off of Bad Debts	-0.12	0.4	-0.02	0
Other Operating Activities	-68.49	6.6	-5.17	9.4
Change in Accounts Receivable	23.7	-57.22	-0.72	-17.93
Change in Inventory	-20.64	-18.4	-5.07	-
Change in Accounts Payable	65.6	-38.33	94.83	70.93
Change in Other Net Operating Assets	132.82	196.61	-	-
Operating Cash Flow	-650.53	-967.88	-603.37	-492.28
Capital Expenditures	-137.58	-32.13	-73.78	-8.98
Sale of Property, Plant & Equipment	-	0	0	-
Investment in Securities	99.5	643.32	458.34	-1,620
Other Investing Activities	-	-	-	1.68
Investing Cash Flow	-38.07	611.19	384.56	-1,627
Short-Term Debt Issued	-	-	-	19.54
Long-Term Debt Issued	963.36	338.23	-	-
Total Debt Issued	963.36	338.23	-	19.54
Short-Term Debt Repaid	-	-	-	-19.54
Long-Term Debt Repaid	-233.51	-26.32	-22.14	-18.01
Total Debt Repaid	-233.51	-26.32	-22.14	-37.55
Net Debt Issued (Repaid)	729.85	311.91	-22.14	-18.01
Issuance of Common Stock	158.27	1.25	3.75	2,022
Common Dividends Paid	-20.55	-3.38	-	-
Other Financing Activities	-0.55	-1.53	-14.88	-22.45
Financing Cash Flow	867.01	308.25	-33.26	1,981
Foreign Exchange Rate Adjustments	-2.45	0.97	9.52	-6.33
Net Cash Flow	175.96	-47.47	-242.56	-144.78
Free Cash Flow	-788.1	-1,000	-677.15	-501.26
Free Cash Flow Margin	-218.98%	-1095.44%	-	-4873.51%
Free Cash Flow Per Share	-1.90	-2.46	-1.67	-1.39
Cash Interest Paid	-	-	-	0.05
Cash Income Tax Paid	20.7	-5.18	-68.69	-25.17
Levered Free Cash Flow	-423.64	-596.9	-468.46	-234.15
Unlevered Free Cash Flow	-409.42	-592.17	-465.75	-232.23
Change in Working Capital	201.47	82.66	89.05	53.01

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