SHA:688233 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	122.54	41.15	-69.11	158.14	220.99
Depreciation & Amortization	82.97	63.73	55.01	43.06	35.58
Other Amortization	14.24	13.43	11.56	7.76	4.01
Loss (Gain) From Sale of Assets	0.6	0.49	-0.01	-0.39	-
Asset Writedown & Restructuring Costs	16.75	4.65	2.33	0.04	-
Loss (Gain) From Sale of Investments	-1.5	-1.82	-0.53	-3.65	-11.47
Provision & Write-off of Bad Debts	-	-4.35	3.44	3.24	1
Other Operating Activities	2.83	9.48	32.35	6	0.55
Change in Accounts Receivable	-67.27	-39.28	47.44	-43.78	-44.84
Change in Inventory	18.79	44.46	10.91	-70.23	-69.69
Change in Accounts Payable	-31.15	23.75	-15.18	26.55	46.45
Change in Other Net Operating Assets	12.18	13.22	18.4	7.58	-
Operating Cash Flow	173.26	172.93	82.21	130.15	189.13
Operating Cash Flow Growth	0.19%	110.35%	-36.83%	-31.19%	30.50%
Capital Expenditures	-174.07	-123.93	-154.89	-275.57	-278.8
Sale of Property, Plant & Equipment	0.07	2.7	0.01	1.13	-
Investment in Securities	89.38	-335.29	-176.18	225.56	5
Other Investing Activities	3.45	1.25	0.91	11.36	14.06
Investing Cash Flow	-81.17	-455.27	-330.15	-37.51	-259.75
Long-Term Debt Repaid	-	-5.49	-4.11	-6.34	-
Net Debt Issued (Repaid)	-	-5.49	-4.11	-6.34	-
Issuance of Common Stock	4.34	-	297	-	-
Repurchase of Common Stock	-	-10.04	-18.56	-	-
Common Dividends Paid	-12.7	-	-16	-65.6	-16
Other Financing Activities	-5.15	0.5	6.97	98.97	0.01
Financing Cash Flow	-13.52	-15.02	265.29	27.03	-15.99
Foreign Exchange Rate Adjustments	-1.09	-0.7	-1.63	-1.44	-3.72
Net Cash Flow	77.49	-298.06	15.73	118.22	-90.34
Free Cash Flow	-0.8	49	-72.68	-145.42	-89.68
Free Cash Flow Margin	-0.18%	16.19%	-53.83%	-26.97%	-17.81%
Free Cash Flow Per Share	-0.01	0.29	-0.45	-0.91	-0.56
Cash Income Tax Paid	1.57	-10.48	-21.19	-20.77	-11.39
Levered Free Cash Flow	-168.15	-7.08	-97.67	-163.78	-283.81
Unlevered Free Cash Flow	-168.15	-7.04	-97.52	-163.58	-283.53
Change in Working Capital	-65.17	46.18	47.16	-84.05	-61.53

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