SHA:688213 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,001	392.74	14.22	-82.75	398.33
Depreciation & Amortization	173.3	117.54	74.57	71.02	39.86
Other Amortization	101.26	78.11	68.69	36.27	27.1
Loss (Gain) From Sale of Assets	0.07	-0.61	0.66	-0.03	0.45
Asset Writedown & Restructuring Costs	95.13	90.16	103.35	57.44	9.5
Loss (Gain) From Sale of Investments	-1.42	8.18	0.21	-16.98	-1.1
Stock-Based Compensation	66.95	124.43	14.8	15.58	15.58
Provision & Write-off of Bad Debts	14.05	-7.57	4.48	5.58	-
Other Operating Activities	81.68	77.75	55.33	175.19	11.63
Change in Accounts Receivable	-1,558	517.8	-308.54	97.83	-1,156
Change in Inventory	-523.62	-1,434	558.74	-1,739	-808.71
Change in Accounts Payable	645.36	396.53	217.71	-82.61	207.9
Operating Cash Flow	107.85	374.41	767.01	-1,524	-1,262
Operating Cash Flow Growth	-71.19%	-51.19%	-	-	-
Capital Expenditures	-595.42	-547.77	-547.8	-118.98	-829.15
Sale of Property, Plant & Equipment	0.78	1.17	2.68	0.04	0.04
Cash Acquisitions	-	-0.02	-	-	100
Investment in Securities	-5.26	21.57	-75.18	16.98	-110.9
Other Investing Activities	14.09	14.63	3.63	-	-
Investing Cash Flow	-585.8	-510.43	-616.66	-101.96	-840.02
Long-Term Debt Issued	4,996	3,422	2,080	2,584	1,282
Long-Term Debt Repaid	-3,663	-2,676	-2,236	-2,064	-244.96
Net Debt Issued (Repaid)	1,333	746.05	-155.64	520.03	1,037
Issuance of Common Stock	12.43	57.5	-	1,198	1.5
Repurchase of Common Stock	-	-20.04	-30.01	-	-
Common Dividends Paid	-196.22	-141.98	-64.82	-50.96	-7.83
Other Financing Activities	-1.03	-	-	-20.62	-7.26
Financing Cash Flow	1,148	641.53	-250.47	1,646	1,023
Foreign Exchange Rate Adjustments	-3.98	2.77	2.94	23.63	-6.6
Net Cash Flow	666.34	508.29	-97.18	43.81	-1,085
Free Cash Flow	-487.57	-173.36	219.21	-1,643	-2,091
Free Cash Flow Margin	-5.40%	-2.90%	7.67%	-66.17%	-77.75%
Free Cash Flow Per Share	-1.21	-0.43	0.62	-4.37	-5.81
Cash Income Tax Paid	-442.35	-255.71	-177.45	-212.67	-44.97
Levered Free Cash Flow	-1,073	-347.88	134.2	-2,193	-1,715
Unlevered Free Cash Flow	-1,019	-297.54	170.28	-2,157	-1,709
Change in Working Capital	-1,424	-506.32	430.7	-1,785	-1,763

Source: S&P Global Market Intelligence. Standard template. Financial Sources.