SHA:688225 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	-416.22	9.59	-291.08	98.48	178.69
Depreciation & Amortization	285.68	79.79	71.89	62.88	43.79
Other Amortization	21.91	46.04	8.94	5.58	4.6
Loss (Gain) From Sale of Assets	2.22	0.67	0.25	0.26	-0.02
Asset Writedown & Restructuring Costs	284.42	0.85	0.71	-	-
Loss (Gain) From Sale of Investments	-10.03	-18.05	-26.1	-81.52	-53.59
Provision & Write-off of Bad Debts	-	42.78	59.4	21.99	17.14
Other Operating Activities	358.49	424.77	24.42	16.3	40
Change in Accounts Receivable	89.32	-500.89	-269.63	-385.06	-267.56
Change in Inventory	68.47	418.51	-53.8	-36.29	16.82
Change in Accounts Payable	-461.16	629.68	72.93	-22.66	125.71
Change in Other Net Operating Assets	102.25	33.83	42.23	54.86	50.03
Operating Cash Flow	224.43	1,145	-379.34	-260.71	143.65
Operating Cash Flow Growth	-80.41%	-	-	-	-29.95%
Capital Expenditures	-69.18	-37.34	-44.04	-47.96	-52.2
Sale of Property, Plant & Equipment	0.31	0.09	0.06	0.02	0.03
Cash Acquisitions	-	-728.45	-295.84	-	-
Divestitures	0.09	-	-	-	-
Investment in Securities	202.44	-202.2	-125	-20	-49.64
Other Investing Activities	13.25	7.74	33.52	37.39	26.19
Investing Cash Flow	146.9	-960.17	-431.3	-30.55	-75.62
Long-Term Debt Issued	744.16	1,078	210.15	-	-
Total Debt Issued	744.16	1,078	210.15	-	-
Long-Term Debt Repaid	-860.77	-437.86	-29.17	-38.79	-31.34
Total Debt Repaid	-860.77	-437.86	-29.17	-38.79	-31.34
Net Debt Issued (Repaid)	-116.61	640.59	180.98	-38.79	-31.34
Issuance of Common Stock	-	-	-	1,147	-
Repurchase of Common Stock	-	-73.76	-270.01	-	-
Common Dividends Paid	-29.47	-11.87	-9.87	-56	-
Other Financing Activities	-682.35	602.53	-28.48	-27.52	-
Financing Cash Flow	-828.43	1,157	-127.39	1,025	-31.34
Foreign Exchange Rate Adjustments	-2.58	1.5	-0.14	0.51	-0.25
Net Cash Flow	-459.68	1,344	-938.16	734.39	36.44
Free Cash Flow	155.25	1,108	-423.37	-308.67	91.45
Free Cash Flow Growth	-85.99%	-	-	-	-49.65%
Free Cash Flow Margin	2.01%	30.82%	-26.33%	-17.94%	5.48%
Free Cash Flow Per Share	0.40	2.87	-1.06	-0.78	0.25
Cash Income Tax Paid	408.69	140.17	63.01	61.14	90.46
Levered Free Cash Flow	466.07	-1,834	-363.32	-323.24	28.53
Unlevered Free Cash Flow	466.07	-1,809	-359.72	-320.34	33.35
Change in Working Capital	-302.04	558.97	-227.77	-384.69	-78.86

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