SHA:688216 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	-75.38	-102.11	-130.97	-58.56	134.59
Depreciation & Amortization	171.03	152.99	135.88	121.38	78.9
Other Amortization	8.49	5.17	4.71	3.68	2.5
Loss (Gain) From Sale of Assets	-0.05	-0.32	-0.15	-2.58	-0.04
Asset Writedown & Restructuring Costs	0.04	0.05	0	-	-
Loss (Gain) From Sale of Investments	0.36	0.44	0.24	-2.05	-2.16
Provision & Write-off of Bad Debts	1.97	0.37	0.62	0.24	0.71
Other Operating Activities	25.18	21.81	18.51	16.06	5.39
Change in Accounts Receivable	-100.38	-149.21	5.08	108.69	-39.44
Change in Inventory	-21.05	-24.34	7.29	-21.96	-28.55
Change in Accounts Payable	52.32	57.45	24.2	-218.45	70.53
Change in Other Net Operating Assets	1.51	7.86	0.96	-	-
Operating Cash Flow	63.54	-29.55	37.19	-74.03	221.36
Operating Cash Flow Growth	-	-	-	-	284.76%
Capital Expenditures	-73.13	-164.33	-215.46	-358.75	-251.61
Sale of Property, Plant & Equipment	0.28	0.15	0.79	4.12	0.75
Investment in Securities	-	-	-	183	-185
Other Investing Activities	-	-	0.06	2.66	1.67
Investing Cash Flow	-72.85	-164.17	-214.61	-168.97	-434.2
Short-Term Debt Issued	149	43.6	-	-	-
Long-Term Debt Issued	230.47	386.59	350.63	350.7	43
Total Debt Issued	379.47	430.19	350.63	350.7	43
Long-Term Debt Repaid	-354.45	-242.79	-262.12	-35.65	-77.97
Net Debt Issued (Repaid)	25.02	187.4	88.51	315.05	-34.97
Issuance of Common Stock	-	-	22.91	-	358.18
Repurchase of Common Stock	-3.14	-0.89	-14.18	-10.97	-
Common Dividends Paid	-14.72	-14.94	-17.42	-46.14	-20.06
Other Financing Activities	14.67	34.67	-0.33	-	-19.67
Financing Cash Flow	21.83	206.24	79.49	257.94	283.48
Foreign Exchange Rate Adjustments	0.08	0.32	0.15	0.71	-0.04
Net Cash Flow	12.61	12.83	-97.77	15.64	70.6
Free Cash Flow	-9.58	-193.88	-178.27	-432.78	-30.25
Free Cash Flow Margin	-1.25%	-29.09%	-32.16%	-80.09%	-3.74%
Free Cash Flow Per Share	-0.09	-1.82	-1.69	-4.07	-0.33
Cash Income Tax Paid	3.52	-3.36	-18.18	-21.65	30.99
Levered Free Cash Flow	29.39	-17.63	-115.46	-523.46	261.06
Unlevered Free Cash Flow	44.48	-7.68	-106.77	-521.01	262.99
Change in Working Capital	-68.09	-107.94	8.34	-152.2	1.47

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