SHA:688212 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	21.01	57.85	21.66	57.04
Depreciation & Amortization	56.16	48.67	35.24	26.21
Other Amortization	16.33	6.76	5.88	6.1
Loss (Gain) From Sale of Assets	-0.26	0.75	-0.14	-0.39
Asset Writedown & Restructuring Costs	15.97	11.72	0.01	0.05
Loss (Gain) From Sale of Investments	-10.34	-11.54	-13.86	-0.94
Provision & Write-off of Bad Debts	13.33	7.76	4.43	3.17
Other Operating Activities	10.06	9.6	10.64	6.58
Change in Accounts Receivable	-152.23	-78.56	-77.43	-42.51
Change in Inventory	-81.55	-70.08	-109.77	-3.64
Change in Accounts Payable	51.38	28.96	72.98	16.13
Change in Other Net Operating Assets	-4.31	34.22	19.69	4.52
Operating Cash Flow	-78.93	37.41	-41.9	66.15
Operating Cash Flow Growth	-	-	-	-7.51%
Capital Expenditures	-186.63	-157.83	-78.77	-91.61
Sale of Property, Plant & Equipment	1.58	4.82	2.89	1.52
Divestitures	-	4.47	-	-
Investment in Securities	203	117.65	-389.65	-45.41
Other Investing Activities	13.6	2.95	5.18	-
Investing Cash Flow	31.55	-27.94	-460.35	-135.5
Short-Term Debt Issued	106.16	-	-	-
Total Debt Issued	106.16	-	-	-
Short-Term Debt Repaid	-9.98	-	-	-
Long-Term Debt Repaid	-13.6	-9.49	-8.83	-6.16
Total Debt Repaid	-23.58	-9.49	-8.83	-6.16
Net Debt Issued (Repaid)	82.58	-9.49	-8.83	-6.16
Issuance of Common Stock	12.37	15.46	-	691.4
Common Dividends Paid	-41.6	-	-25.33	-
Other Financing Activities	-	-1.63	-0.33	-26.44
Financing Cash Flow	53.35	4.34	-34.49	658.79
Foreign Exchange Rate Adjustments	-0.32	0.57	0.09	0.58
Net Cash Flow	5.65	14.38	-536.65	590.03
Free Cash Flow	-265.55	-120.42	-120.67	-25.45
Free Cash Flow Margin	-35.43%	-17.76%	-27.10%	-7.33%
Free Cash Flow Per Share	-2.02	-0.90	-0.89	-0.24
Cash Income Tax Paid	28.03	52.84	11.25	23.24
Levered Free Cash Flow	-249.38	-118.12	-121.85	-47
Unlevered Free Cash Flow	-248.17	-117.69	-121.46	-46.81
Change in Working Capital	-201.19	-94.16	-105.77	-31.66

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