SHA:688219 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	194.05	146.97	59.16	54.05
Depreciation & Amortization	137.48	119.9	107.45	90.55
Other Amortization	5.56	3.57	2.73	3.92
Loss (Gain) From Sale of Assets	0.46	-0.26	-0.43	-0.47
Asset Writedown & Restructuring Costs	-0.15	1.82	0.34	0.32
Loss (Gain) From Sale of Investments	-0.52	-14.08	7.03	-12.46
Provision & Write-off of Bad Debts	4.85	21.98	3.85	17.18
Other Operating Activities	89.59	87.96	78.16	76.53
Change in Accounts Receivable	-472.81	-646.85	-290.35	-366.08
Change in Inventory	55.8	77.3	-119.43	-106.67
Change in Accounts Payable	524.99	344.61	296.96	460.76
Change in Other Net Operating Assets	16.72	-	-	-
Operating Cash Flow	551.3	146.75	128.87	195.97
Operating Cash Flow Growth	275.67%	13.88%	-34.24%	-
Capital Expenditures	-488.58	-310.97	-280.07	-345.28
Sale of Property, Plant & Equipment	2.8	11.53	1.84	2.85
Investment in Securities	-4	82.21	-	-122
Other Investing Activities	28.36	-20.43	-3.16	6.38
Investing Cash Flow	-461.42	-237.65	-281.39	-458.04
Long-Term Debt Issued	1,403	1,339	2,829	2,200
Total Debt Issued	1,403	1,339	2,829	2,200
Long-Term Debt Repaid	-1,572	-1,651	-1,731	-1,838
Total Debt Repaid	-1,572	-1,651	-1,731	-1,838
Net Debt Issued (Repaid)	-169.75	-312.01	1,098	362.1
Issuance of Common Stock	45.75	-	-	-
Repurchase of Common Stock	-6.94	-8.62	-91.1	-
Common Dividends Paid	-93.48	-66.3	-77.51	-114.11
Other Financing Activities	0.7	1.4	-0.62	-16.7
Financing Cash Flow	-223.72	-385.54	928.9	231.29
Foreign Exchange Rate Adjustments	3.02	0.08	1.96	-1.25
Net Cash Flow	-130.82	-476.36	778.35	-32.03
Free Cash Flow	62.72	-164.21	-151.2	-149.3
Free Cash Flow Margin	1.03%	-3.07%	-2.92%	-3.05%
Free Cash Flow Per Share	0.14	-0.36	-0.33	-0.33
Cash Income Tax Paid	118.65	100.43	27.29	47.39
Levered Free Cash Flow	37.79	-566.61	230.12	-134.99
Unlevered Free Cash Flow	84.85	-515.93	272.33	-93.55
Change in Working Capital	119.97	-221.1	-129.42	-33.65

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