SHA:688200 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	507.75	333.91	251.65	526.29	438.77	199.19
Depreciation & Amortization	26.62	26.62	24.26	20.4	7.51	3.37
Other Amortization	3.15	3.15	0.81	0.78	0.87	1.39
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.01	-	-	-
Asset Writedown & Restructuring Costs	0.93	0.93	3.77	0.01	0.34	-54.36
Loss (Gain) From Sale of Investments	12.32	12.32	-1.72	-13.76	0.95	-
Provision & Write-off of Bad Debts	8.82	8.82	-0.45	24.31	-0.38	2.35
Other Operating Activities	-100.17	-35.31	-36.03	-32.98	-11.16	23.81
Change in Accounts Receivable	-208.23	-208.23	94.98	-103.64	-171.87	-59.95
Change in Inventory	-46.84	-46.84	41.08	-9.03	-123.05	-19.3
Change in Accounts Payable	83.04	83.04	-75.28	-58.78	167.53	44.23
Change in Other Net Operating Assets	9.31	9.31	16.94	42.3	52.21	-
Operating Cash Flow	297.07	188.1	321.49	393.83	354.44	138.67
Operating Cash Flow Growth	145.47%	-41.49%	-18.37%	11.11%	155.59%	132.48%
Capital Expenditures	-47	-30.82	-25.47	-27.91	-345.11	-26.93
Sale of Property, Plant & Equipment	0.06	0.03	-	0	0	0
Cash Acquisitions	0.81	0.81	-	-	-	-
Investment in Securities	-104.39	74.7	-252.81	-272.49	618.31	-1,452
Other Investing Activities	36.51	32.33	24.93	18.95	36.63	32.12
Investing Cash Flow	-113.99	77.06	-253.35	-281.45	309.83	-1,447
Long-Term Debt Repaid	-	-5.15	-2.52	-2.04	-1.67	-
Net Debt Issued (Repaid)	-5.01	-5.15	-2.52	-2.04	-1.67	-
Issuance of Common Stock	9.87	4.89	27.59	22.08	14.09	1,529
Repurchase of Common Stock	-14.99	-14.99	-	-	-	-
Common Dividends Paid	-132.56	-106.82	-127.5	-131.86	-60.72	-36.71
Other Financing Activities	12.58	-0.27	-0.26	-0.15	-	-19.84
Financing Cash Flow	-130.11	-122.34	-102.69	-111.96	-48.29	1,472
Foreign Exchange Rate Adjustments	-1.01	1.86	1.01	5.66	-1.42	-4.66
Net Cash Flow	51.96	144.68	-33.55	6.09	614.56	158.89
Free Cash Flow	250.08	157.28	296.01	365.92	9.34	111.74
Free Cash Flow Growth	139.05%	-46.87%	-19.10%	3818.93%	-91.64%	252.27%
Free Cash Flow Margin	20.44%	17.37%	42.85%	34.18%	1.06%	28.11%
Free Cash Flow Per Share	1.85	1.16	2.19	2.71	0.07	0.87
Cash Income Tax Paid	106.97	70.49	78.7	134.27	89.94	51.55
Levered Free Cash Flow	-11.27	49.68	194.12	217.82	-95.64	83.24
Unlevered Free Cash Flow	-10.81	49.93	194.25	217.97	-95.55	83.24
Change in Working Capital	-162.34	-162.34	79.2	-131.22	-82.46	-37.07

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