SHA:688215 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	16	11.28	9.59	13.26
Depreciation & Amortization	14.67	14.23	8.59	2.43
Other Amortization	1.35	0.14	0.12	0.05
Loss (Gain) From Sale of Assets	0.02	-0.07	-0.02	-0.13
Asset Writedown & Restructuring Costs	-	-	-0.44	0.14
Provision & Write-off of Bad Debts	5.86	9.29	12.71	5.69
Other Operating Activities	5.55	8.26	3.48	0.46
Change in Accounts Receivable	-105.5	-52.24	-79.56	-53.62
Change in Inventory	-18.02	-22.6	-56.54	-49.61
Change in Accounts Payable	55.74	11.22	56.37	80.73
Change in Other Net Operating Assets	-0.37	-1.3	0.52	-3.18
Operating Cash Flow	-24.89	-23.23	-48.08	-5.42
Capital Expenditures	-6.08	-46.43	-74.94	-94.91
Sale of Property, Plant & Equipment	0	0.05	0	0.97
Investment in Securities	-2	-0.5	130	-110
Other Investing Activities	-	0.1	1.74	4.08
Investing Cash Flow	-8.08	-46.78	56.81	-199.86
Short-Term Debt Issued	-	-	96.31	40.47
Long-Term Debt Issued	151.47	84.6	-	-
Total Debt Issued	151.47	84.6	96.31	40.47
Short-Term Debt Repaid	-	-	-78.75	-13
Long-Term Debt Repaid	-109.98	-41.91	-1.15	-1.47
Total Debt Repaid	-109.98	-41.91	-79.9	-14.47
Net Debt Issued (Repaid)	41.5	42.69	16.4	26.01
Repurchase of Common Stock	-0.98	-	-	-
Common Dividends Paid	-7.47	-6.39	-7.67	-6.87
Dividends Paid	-7.47	-6.39	-7.67	-6.87
Other Financing Activities	0.15	5.37	18	-
Financing Cash Flow	33.2	41.68	26.74	19.14
Foreign Exchange Rate Adjustments	-0.25	-0.94	-0.12	-0.57
Net Cash Flow	-0.02	-29.27	35.33	-186.71
Free Cash Flow	-30.97	-69.65	-123.03	-100.33
Free Cash Flow Margin	-7.99%	-18.72%	-40.20%	-50.21%
Free Cash Flow Per Share	-0.50	-1.13	-1.97	-1.60
Cash Income Tax Paid	19.43	16.14	-2.87	2.31
Levered Free Cash Flow	-38.59	-89.7	-92.96	-135.01
Unlevered Free Cash Flow	-36.67	-88.69	-91.87	-134.27
Change in Working Capital	-68.33	-66.36	-82.12	-27.31

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