SHA:688208 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	640.93	179.23	102.03	438.74
Depreciation & Amortization	130.69	136.21	109.66	64.39
Other Amortization	46.96	17.05	27.32	23.13
Loss (Gain) From Sale of Assets	0.28	-0.51	-1	-0.33
Asset Writedown & Restructuring Costs	4.56	-0.53	-0	0.52
Loss (Gain) From Sale of Investments	-80.86	18.84	17.59	-54.66
Provision & Write-off of Bad Debts	23.48	17.76	19.57	11.61
Other Operating Activities	45.8	28.75	49.14	18.28
Change in Accounts Receivable	-179.38	-151.07	-226.28	-279.1
Change in Inventory	-111.76	-29.98	-195.08	-529.6
Change in Accounts Payable	241.39	256.4	-330.1	174.15
Change in Other Net Operating Assets	15.66	4.83	-12.34	83.57
Operating Cash Flow	747.52	434.06	-382.96	-144.83
Operating Cash Flow Growth	72.22%	-	-	-
Capital Expenditures	-150.5	-215.79	-133.72	-201.06
Sale of Property, Plant & Equipment	2.35	0.09	0.1	27.81
Cash Acquisitions	-	-	-8	-686.09
Investment in Securities	8.62	5.59	180	628.41
Other Investing Activities	-66.14	-17.68	11.11	69.35
Investing Cash Flow	-205.67	-227.78	49.5	-161.58
Short-Term Debt Issued	200	-	150	455.26
Long-Term Debt Issued	-	-	1,265	-
Total Debt Issued	200	-	1,415	455.26
Short-Term Debt Repaid	-	-150	-232.24	-
Long-Term Debt Repaid	-22.47	-21.44	-23.72	-20.64
Total Debt Repaid	-22.47	-171.44	-255.96	-20.64
Net Debt Issued (Repaid)	177.53	-171.44	1,159	434.62
Issuance of Common Stock	-	-	24.37	27.54
Repurchase of Common Stock	-146.54	-	-100.36	-
Common Dividends Paid	-359.6	-5.48	-52.69	-233.89
Other Financing Activities	-	-0.5	29	-29
Financing Cash Flow	-328.61	-177.43	1,059	199.27
Foreign Exchange Rate Adjustments	22.31	13.69	2.24	-13.31
Net Cash Flow	235.55	42.53	727.8	-120.46
Free Cash Flow	597.02	218.27	-516.68	-345.89
Free Cash Flow Growth	173.53%	-	-	-
Free Cash Flow Margin	15.18%	6.71%	-22.81%	-15.35%
Free Cash Flow Per Share	0.89	0.33	-0.78	-0.51
Cash Income Tax Paid	-31.4	157.06	-61.67	-124.65
Levered Free Cash Flow	503.26	322.45	-407.69	-388.92
Unlevered Free Cash Flow	546.7	364.41	-381.45	-381.15
Change in Working Capital	-64.31	37.25	-707.27	-646.52

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