SHA:688228 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	20.59	41.15	98.03	60.86
Depreciation & Amortization	17.27	13.04	11.36	11.69
Other Amortization	4.43	0.77	1.17	1.17
Loss (Gain) From Sale of Assets	0.13	-	-23.75	0.02
Asset Writedown & Restructuring Costs	0.22	0.21	0.21	0.08
Loss (Gain) From Sale of Investments	-13.98	-7.02	-40.81	-18.65
Provision & Write-off of Bad Debts	15.04	20.24	17.83	12.08
Other Operating Activities	12.26	32.21	30.98	25.34
Change in Accounts Receivable	56.86	-133.52	-196.15	-150.74
Change in Inventory	-44.42	-82.72	-26.47	57.82
Change in Accounts Payable	-109.63	160.58	79.47	-10.51
Change in Other Net Operating Assets	3.74	16.48	2.97	-
Operating Cash Flow	-40.38	49.2	-47.21	-11.2
Capital Expenditures	-39.97	-19.82	-3.74	-5.34
Sale of Property, Plant & Equipment	0.01	0.02	0.02	0.01
Cash Acquisitions	-	-	-	-213.38
Divestitures	7.65	-	-	-
Investment in Securities	-282.66	64.59	-15.73	204.36
Other Investing Activities	4.48	39.43	12.54	19.77
Investing Cash Flow	-310.48	84.22	-6.91	5.42
Long-Term Debt Issued	79.55	42	161.96	32.52
Long-Term Debt Repaid	-75.25	-19.98	-54.26	-9.69
Net Debt Issued (Repaid)	4.3	22.02	107.7	22.82
Issuance of Common Stock	-	5.91	-	-
Repurchase of Common Stock	-37.13	-18	-20.01	-
Common Dividends Paid	-18.26	-35.45	-25.13	-20.79
Dividends Paid	-18.26	-35.45	-25.13	-20.79
Other Financing Activities	14.12	8.4	1.21	5.25
Financing Cash Flow	-36.98	-17.12	63.77	7.29
Net Cash Flow	-387.84	116.3	9.65	1.51
Free Cash Flow	-80.35	29.38	-50.95	-16.54
Free Cash Flow Margin	-13.01%	4.23%	-9.18%	-3.59%
Free Cash Flow Per Share	-1.21	0.44	-0.76	-0.25
Cash Income Tax Paid	28.3	14.24	9.22	8.34
Levered Free Cash Flow	-62.88	-30.29	-66.25	-142.27
Unlevered Free Cash Flow	-57.91	-25.78	-61.57	-141.95
Change in Working Capital	-96.33	-51.41	-142.23	-103.78

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