SHA:688228 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	33.05	20.59	41.15	98.03	60.86	68.84
Depreciation & Amortization	17.27	17.27	13.04	11.36	11.69	1.93
Other Amortization	4.43	4.43	0.77	1.17	1.17	0.69
Loss (Gain) From Sale of Assets	0.13	0.13	-	-23.75	0.02	-
Asset Writedown & Restructuring Costs	0.22	0.22	0.21	0.21	0.08	-
Loss (Gain) From Sale of Investments	-13.98	-13.98	-7.02	-40.81	-18.65	-21.98
Provision & Write-off of Bad Debts	15.04	15.04	20.24	17.83	12.08	1.26
Other Operating Activities	117.88	12.26	32.21	30.98	25.34	1.48
Change in Accounts Receivable	56.86	56.86	-133.52	-196.15	-150.74	6.36
Change in Inventory	-44.42	-44.42	-82.72	-26.47	57.82	0.81
Change in Accounts Payable	-109.63	-109.63	160.58	79.47	-10.51	-10.34
Change in Other Net Operating Assets	3.74	3.74	16.48	2.97	-	-
Operating Cash Flow	77.71	-40.38	49.2	-47.21	-11.2	49.18
Operating Cash Flow Growth	534.00%	-	-	-	-	0.58%
Capital Expenditures	-36.48	-39.97	-19.82	-3.74	-5.34	-108.98
Sale of Property, Plant & Equipment	0.06	0.01	0.02	0.02	0.01	-
Cash Acquisitions	-	-	-	-	-213.38	-
Divestitures	7.65	7.65	-	-	-	-
Investment in Securities	48.71	-282.66	64.59	-15.73	204.36	-454.67
Other Investing Activities	5.81	4.48	39.43	12.54	19.77	14.63
Investing Cash Flow	25.75	-310.48	84.22	-6.91	5.42	-549.03
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)	5.97	4.3	22.02	107.7	22.82	-
Issuance of Common Stock	-	-	5.91	-	-	921.19
Repurchase of Common Stock	-37.13	-37.13	-18	-20.01	-	-
Common Dividends Paid	-15.48	-18.26	-35.45	-25.13	-20.79	-23.5
Dividends Paid	-15.48	-18.26	-35.45	-25.13	-20.79	-23.5
Other Financing Activities	68.8	14.12	8.4	1.21	5.25	-26.16
Financing Cash Flow	22.15	-36.98	-17.12	63.77	7.29	871.53
Net Cash Flow	125.61	-387.84	116.3	9.65	1.51	371.68
Free Cash Flow	41.22	-80.35	29.38	-50.95	-16.54	-59.81
Free Cash Flow Margin	6.66%	-13.01%	4.23%	-9.18%	-3.59%	-19.85%
Free Cash Flow Per Share	0.58	-1.21	0.44	-0.76	-0.25	-0.95
Cash Income Tax Paid	29.46	28.3	14.24	9.22	8.34	18.02
Levered Free Cash Flow	78.74	-62.88	-30.29	-66.25	-142.27	-83.02
Unlevered Free Cash Flow	83.4	-57.91	-25.78	-61.57	-141.95	-83.02
Change in Working Capital	-96.33	-96.33	-51.41	-142.23	-103.78	-3.04

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.