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

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