SHA:688200 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	333.91	251.65	526.29	438.77
Depreciation & Amortization	26.62	24.26	20.4	7.51
Other Amortization	3.15	0.81	0.78	0.87
Loss (Gain) From Sale of Assets	-0.02	-0.01	-	-
Asset Writedown & Restructuring Costs	0.93	3.77	0.01	0.34
Loss (Gain) From Sale of Investments	12.32	-1.72	-13.76	0.95
Provision & Write-off of Bad Debts	8.82	-0.45	24.31	-0.38
Other Operating Activities	-35.31	-36.03	-32.98	-11.16
Change in Accounts Receivable	-208.23	94.98	-103.64	-171.87
Change in Inventory	-46.84	41.08	-9.03	-123.05
Change in Accounts Payable	83.04	-75.28	-58.78	167.53
Change in Other Net Operating Assets	9.31	16.94	42.3	52.21
Operating Cash Flow	188.1	321.49	393.83	354.44
Operating Cash Flow Growth	-41.49%	-18.37%	11.11%	155.59%
Capital Expenditures	-30.82	-25.47	-27.91	-345.11
Sale of Property, Plant & Equipment	0.03	-	0	0
Cash Acquisitions	0.81	-	-	-
Investment in Securities	74.7	-252.81	-272.49	618.31
Other Investing Activities	32.33	24.93	18.95	36.63
Investing Cash Flow	77.06	-253.35	-281.45	309.83
Long-Term Debt Repaid	-5.15	-2.52	-2.04	-1.67
Net Debt Issued (Repaid)	-5.15	-2.52	-2.04	-1.67
Issuance of Common Stock	4.89	27.59	22.08	14.09
Repurchase of Common Stock	-14.99	-	-	-
Common Dividends Paid	-106.82	-127.5	-131.86	-60.72
Other Financing Activities	-0.27	-0.26	-0.15	-
Financing Cash Flow	-122.34	-102.69	-111.96	-48.29
Foreign Exchange Rate Adjustments	1.86	1.01	5.66	-1.42
Net Cash Flow	144.68	-33.55	6.09	614.56
Free Cash Flow	157.28	296.01	365.92	9.34
Free Cash Flow Growth	-46.87%	-19.10%	3818.93%	-91.64%
Free Cash Flow Margin	17.37%	42.85%	34.18%	1.06%
Free Cash Flow Per Share	1.16	2.19	2.71	0.07
Cash Income Tax Paid	70.49	78.7	134.27	89.94
Levered Free Cash Flow	49.68	194.12	217.82	-95.64
Unlevered Free Cash Flow	49.93	194.25	217.97	-95.55
Change in Working Capital	-162.34	79.2	-131.22	-82.46

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