SHA:688233 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	84.83	41.15	-69.11	158.14	220.99	100.28
Depreciation & Amortization	63.73	63.73	55.01	43.06	35.58	19.65
Other Amortization	13.43	13.43	11.56	7.76	4.01	1.11
Loss (Gain) From Sale of Assets	0.49	0.49	-0.01	-0.39	-	-
Asset Writedown & Restructuring Costs	4.65	4.65	2.33	0.04	-	0.34
Loss (Gain) From Sale of Investments	-1.82	-1.82	-0.53	-3.65	-11.47	-9.01
Provision & Write-off of Bad Debts	-4.35	-4.35	3.44	3.24	1	-
Other Operating Activities	-23.33	9.48	32.35	6	0.55	-
Change in Accounts Receivable	-39.28	-39.28	47.44	-43.78	-44.84	-18.05
Change in Inventory	44.46	44.46	10.91	-70.23	-69.69	10.68
Change in Accounts Payable	23.75	23.75	-15.18	26.55	46.45	41.87
Change in Other Net Operating Assets	13.22	13.22	18.4	7.58	-	-
Operating Cash Flow	183.81	172.93	82.21	130.15	189.13	144.92
Operating Cash Flow Growth	13.15%	110.35%	-36.83%	-31.19%	30.50%	28.40%
Capital Expenditures	-174.8	-123.93	-154.89	-275.57	-278.8	-153.5
Sale of Property, Plant & Equipment	0.07	2.7	0.01	1.13	-	-
Investment in Securities	-459.61	-335.29	-176.18	225.56	5	-325
Other Investing Activities	1.96	1.25	0.91	11.36	14.06	0.22
Investing Cash Flow	-632.38	-455.27	-330.15	-37.51	-259.75	-478.28
Long-Term Debt Repaid	-	-5.49	-4.11	-6.34	-	-
Net Debt Issued (Repaid)	-5.49	-5.49	-4.11	-6.34	-	-
Issuance of Common Stock	4.34	-	297	-	-	790.75
Repurchase of Common Stock	-10.04	-10.04	-18.56	-	-	-
Common Dividends Paid	-12.69	-	-16	-65.6	-16	-24
Other Financing Activities	6.77	0.5	6.97	98.97	0.01	-20.7
Financing Cash Flow	-17.11	-15.02	265.29	27.03	-15.99	746.05
Foreign Exchange Rate Adjustments	-0.82	-0.7	-1.63	-1.44	-3.72	-3.85
Net Cash Flow	-466.5	-298.06	15.73	118.22	-90.34	408.84
Free Cash Flow	9	49	-72.68	-145.42	-89.68	-8.58
Free Cash Flow Margin	2.23%	16.19%	-53.83%	-26.97%	-17.81%	-4.47%
Free Cash Flow Per Share	0.05	0.29	-0.45	-0.91	-0.56	-0.06
Cash Income Tax Paid	-	-10.48	-21.19	-20.77	-11.39	-10.71
Levered Free Cash Flow	-537.24	-7.08	-97.67	-163.78	-283.81	13.34
Unlevered Free Cash Flow	-537.16	-7.04	-97.52	-163.58	-283.53	13.34
Change in Working Capital	46.18	46.18	47.16	-84.05	-61.53	32.56

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