SHA:688212 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	-72.38	21.01	57.85	21.66	57.04	18.51
Depreciation & Amortization	56.16	56.16	48.67	35.24	26.21	17.41
Other Amortization	16.33	16.33	6.76	5.88	6.1	6.66
Loss (Gain) From Sale of Assets	-0.26	-0.26	0.75	-0.14	-0.39	-0.28
Asset Writedown & Restructuring Costs	15.97	15.97	11.72	0.01	0.05	4.31
Loss (Gain) From Sale of Investments	-10.34	-10.34	-11.54	-13.86	-0.94	-0.97
Provision & Write-off of Bad Debts	13.33	13.33	7.76	4.43	3.17	-1.03
Other Operating Activities	142.66	10.06	9.6	10.64	6.58	2.19
Change in Accounts Receivable	-152.23	-152.23	-78.56	-77.43	-42.51	37.62
Change in Inventory	-81.55	-81.55	-70.08	-109.77	-3.64	-7.97
Change in Accounts Payable	51.38	51.38	28.96	72.98	16.13	-4.69
Change in Other Net Operating Assets	-4.31	-4.31	34.22	19.69	4.52	-
Operating Cash Flow	-39.72	-78.93	37.41	-41.9	66.15	71.52
Operating Cash Flow Growth	-	-	-	-	-7.51%	50.91%
Capital Expenditures	-137.78	-186.63	-157.83	-78.77	-91.61	-61.83
Sale of Property, Plant & Equipment	0.53	1.58	4.82	2.89	1.52	4.98
Cash Acquisitions	-	-	-	-	-	-0.1
Divestitures	-	-	4.47	-	-	-
Investment in Securities	178.62	203	117.65	-389.65	-45.41	1.13
Other Investing Activities	19.33	13.6	2.95	5.18	-	-
Investing Cash Flow	60.7	31.55	-27.94	-460.35	-135.5	-55.83
Short-Term Debt Issued	-	106.16	-	-	-	-
Total Debt Issued	388.3	106.16	-	-	-	-
Short-Term Debt Repaid	-	-9.98	-	-	-	-
Long-Term Debt Repaid	-	-13.6	-9.49	-8.83	-6.16	-
Total Debt Repaid	-181.75	-23.58	-9.49	-8.83	-6.16	-
Net Debt Issued (Repaid)	206.55	82.58	-9.49	-8.83	-6.16	-
Issuance of Common Stock	61.72	12.37	15.46	-	691.4	-
Common Dividends Paid	-15.55	-41.6	-	-25.33	-	-
Other Financing Activities	-101.41	-	-1.63	-0.33	-26.44	-
Financing Cash Flow	151.31	53.35	4.34	-34.49	658.79	-
Foreign Exchange Rate Adjustments	0.09	-0.32	0.57	0.09	0.58	-1.16
Net Cash Flow	172.39	5.65	14.38	-536.65	590.03	14.53
Free Cash Flow	-177.49	-265.55	-120.42	-120.67	-25.45	9.69
Free Cash Flow Margin	-26.43%	-35.43%	-17.76%	-27.10%	-7.33%	3.68%
Free Cash Flow Per Share	-1.35	-2.02	-0.90	-0.89	-0.24	0.10
Cash Income Tax Paid	8.53	28.03	52.84	11.25	23.24	7.41
Levered Free Cash Flow	-142.27	-249.38	-118.12	-121.85	-47	-4.1
Unlevered Free Cash Flow	-138.72	-248.17	-117.69	-121.46	-46.81	-4.1
Change in Working Capital	-201.19	-201.19	-94.16	-105.77	-31.66	24.72

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