SHA:688230 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	106.15	111.64	96.49	119.45	114.53
Depreciation & Amortization	9.31	9.8	9.36	5.31	3.27
Other Amortization	0.62	0.31	0.95	0.83	0.44
Loss (Gain) From Sale of Assets	-0.11	-	-	0.05	-
Asset Writedown & Restructuring Costs	0	-0.26	-0.07	0.34	0
Loss (Gain) From Sale of Investments	-41.07	-54.68	-56.73	-53.24	-3.43
Provision & Write-off of Bad Debts	-0.03	-0.29	0.21	-0.68	0.09
Other Operating Activities	3	0.79	-0.16	-6.52	2.49
Change in Accounts Receivable	-1.22	15.25	-1.65	6.52	-6.41
Change in Inventory	-4.76	-2.56	-1.72	-2.63	-8.72
Change in Accounts Payable	-1.46	3.9	15.92	-5.83	-9.31
Change in Other Net Operating Assets	-5.62	0.3	5.32	-	-1.75
Operating Cash Flow	62.79	84.75	69.08	64.21	91.55
Operating Cash Flow Growth	-25.91%	22.68%	7.58%	-29.87%	58.46%
Capital Expenditures	-0.41	-2.87	-0.93	-145.92	-12.31
Sale of Property, Plant & Equipment	0.15	-	-	-	-
Investment in Securities	52.26	-453.8	89.7	-120.2	-1,475
Other Investing Activities	65.47	46.12	42.72	54.1	0.42
Investing Cash Flow	117.47	-410.56	131.48	-212.02	-1,487
Long-Term Debt Repaid	-0.71	-0.69	-0.69	-0.55	-0.78
Net Debt Issued (Repaid)	-0.71	-0.69	-0.69	-0.55	-0.78
Issuance of Common Stock	-	-	-	-	1,847
Common Dividends Paid	-94.08	-70.56	-50.4	-36	-
Other Financing Activities	-	-	-	-	-24.9
Financing Cash Flow	-94.79	-71.25	-51.09	-36.55	1,821
Foreign Exchange Rate Adjustments	-0.91	0.65	0.91	8.98	-1.9
Net Cash Flow	84.56	-396.41	150.39	-175.38	424.33
Free Cash Flow	62.38	81.88	68.15	-81.71	79.24
Free Cash Flow Growth	-23.81%	20.15%	-	-	43.71%
Free Cash Flow Margin	15.85%	23.20%	21.27%	-24.31%	16.66%
Free Cash Flow Per Share	0.53	0.70	0.58	-0.70	0.88
Cash Income Tax Paid	16.76	16.62	10.75	6.77	20.68
Levered Free Cash Flow	42.36	56.69	51.26	-104.43	30.28
Unlevered Free Cash Flow	42.38	56.7	51.29	-104.42	30.3
Change in Working Capital	-15.1	17.45	19.03	-1.34	-25.84

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