SHA:688205 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	100.46	92.1	101.66	126.44
Depreciation & Amortization	32.03	23.23	20.01	17.73
Other Amortization	1.82	1.74	1.55	0.12
Loss (Gain) From Sale of Assets	0.33	0.02	0.11	-
Asset Writedown & Restructuring Costs	-	-	-	14.25
Loss (Gain) From Sale of Investments	-25.48	-28.01	-12.15	0.27
Provision & Write-off of Bad Debts	1.91	8.41	4.06	3.16
Other Operating Activities	21.05	9.85	11.59	1.5
Change in Accounts Receivable	61.12	-228.07	1.55	-100.84
Change in Inventory	-23.7	-14.43	-45.94	-19.01
Change in Accounts Payable	27.92	125.99	-13.66	-62.24
Change in Other Net Operating Assets	19.13	22.9	60.53	0.53
Operating Cash Flow	211.09	17.43	125.85	-22.11
Operating Cash Flow Growth	1111.06%	-86.15%	-	-
Capital Expenditures	-151.67	-81.14	-32.42	-29.56
Sale of Property, Plant & Equipment	0.02	0.03	0.57	-
Investment in Securities	-34	747.4	-1,050	-
Other Investing Activities	25.71	32.74	8.33	-
Investing Cash Flow	-159.94	699.03	-1,074	-29.56
Short-Term Debt Issued	21.78	61.63	20.65	93.32
Total Debt Issued	21.78	61.63	20.65	93.32
Short-Term Debt Repaid	-69.44	-33.58	-30.12	-78.64
Long-Term Debt Repaid	-1.41	-0.96	-0.93	-0.45
Total Debt Repaid	-70.85	-34.54	-31.05	-79.09
Net Debt Issued (Repaid)	-49.07	27.09	-10.4	14.22
Issuance of Common Stock	-	218.11	1,110	-
Common Dividends Paid	-55.11	-51.88	-0.75	-0.34
Other Financing Activities	-	-1.13	-20.35	58.78
Financing Cash Flow	-104.18	192.19	1,078	72.67
Foreign Exchange Rate Adjustments	-0.33	0.27	0.45	0.2
Net Cash Flow	-53.36	908.92	130.87	21.2
Free Cash Flow	59.42	-63.71	93.43	-51.67
Free Cash Flow Margin	7.06%	-7.78%	13.08%	-7.07%
Free Cash Flow Per Share	0.37	-0.41	0.74	-0.45
Cash Income Tax Paid	14.62	4.04	21.56	6.95
Levered Free Cash Flow	35.75	-101.56	30.74	-6.19
Unlevered Free Cash Flow	36.21	-101.15	31.26	-5.54
Change in Working Capital	78.98	-89.92	-0.99	-185.58

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