SHA:688232 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	204.27	194.76	572.9	504.1
Depreciation & Amortization	42.05	51.11	46.24	35.9
Other Amortization	6	2.49	1.61	0.4
Loss (Gain) From Sale of Assets	-1	-0.49	-0.31	-0.09
Asset Writedown & Restructuring Costs	-1.95	0.98	6.18	-5.3
Loss (Gain) From Sale of Investments	-87.92	-106.83	-116.88	-1.93
Provision & Write-off of Bad Debts	69.97	73.52	61.28	35.7
Other Operating Activities	22.61	18.97	14.83	2.85
Change in Accounts Receivable	31.64	-28.11	-483.34	-323.28
Change in Inventory	-9.04	0.64	4.34	-42.62
Change in Accounts Payable	7.21	-155.94	-15.84	-8.92
Change in Other Net Operating Assets	-21.59	-	-	-
Operating Cash Flow	263.69	50.73	93.36	194.01
Operating Cash Flow Growth	419.77%	-45.66%	-51.88%	-50.72%
Capital Expenditures	-391	-233.66	-102.54	-77.86
Sale of Property, Plant & Equipment	2.65	0.73	1.76	0.29
Investment in Securities	849.67	-161.64	-211.27	-3,362
Other Investing Activities	0.27	102.13	99.83	1.93
Investing Cash Flow	461.59	-292.45	-212.22	-3,437
Short-Term Debt Issued	-	-	-	150
Total Debt Issued	-	-	-	150
Short-Term Debt Repaid	-	-	-	-150
Long-Term Debt Repaid	-10.16	-11.4	-10.27	-3.93
Total Debt Repaid	-10.16	-11.4	-10.27	-153.93
Net Debt Issued (Repaid)	-10.16	-11.4	-10.27	-3.93
Issuance of Common Stock	-	-	-	3,857
Repurchase of Common Stock	-156.72	-	-	-
Common Dividends Paid	-117.64	-198	-167.83	-0.64
Other Financing Activities	6	4.9	-	-32.07
Financing Cash Flow	-278.51	-204.5	-178.1	3,820
Net Cash Flow	446.77	-446.21	-296.97	576.98
Free Cash Flow	-127.31	-182.93	-9.18	116.15
Free Cash Flow Growth	-	-	-	-61.61%
Free Cash Flow Margin	-5.93%	-7.49%	-0.33%	4.16%
Free Cash Flow Per Share	-0.39	-0.55	-0.03	0.46
Cash Income Tax Paid	105.2	141.45	162.64	197.28
Levered Free Cash Flow	-214.73	-199.13	-148.09	-43.64
Unlevered Free Cash Flow	-214.44	-198.71	-147.8	-43.39
Change in Working Capital	9.65	-183.79	-492.5	-377.61

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