SHA:688248 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	365.05	281.27	205.74	143.04
Depreciation & Amortization	89.85	81.58	49.64	37.77
Other Amortization	20.7	7.88	4.34	3.75
Loss (Gain) From Sale of Assets	-0.48	0.03	-	-
Asset Writedown & Restructuring Costs	0.93	1	-	8.78
Loss (Gain) From Sale of Investments	-22.67	-7.65	0.08	-0.27
Provision & Write-off of Bad Debts	9.21	16.95	13.25	10.41
Other Operating Activities	7.26	10.47	1.36	-1.24
Change in Accounts Receivable	-61.73	18.2	-139.18	-181.66
Change in Inventory	71.79	-369.96	-177.84	-81.15
Change in Accounts Payable	-111.23	482.77	345.19	74.21
Operating Cash Flow	368.13	520.59	304.22	6.3
Operating Cash Flow Growth	-29.29%	71.12%	4727.85%	-96.39%
Capital Expenditures	-180.41	-122.26	-84.92	-48.77
Sale of Property, Plant & Equipment	0.25	0.14	-	-
Cash Acquisitions	-	-151.09	-	-
Investment in Securities	-501	227	-587.87	-
Other Investing Activities	16.37	5.74	-	-
Investing Cash Flow	-664.79	-40.46	-672.8	-48.77
Long-Term Debt Repaid	-33.82	-33.86	-21.67	-11.68
Total Debt Repaid	-33.82	-33.86	-21.67	-11.68
Net Debt Issued (Repaid)	-33.82	-33.86	-21.67	-11.68
Issuance of Common Stock	9	-	-	1,003
Common Dividends Paid	-175.06	-70.59	-48	-58.57
Other Financing Activities	-	-	-5.78	-5.03
Financing Cash Flow	-199.88	-104.45	-75.45	927.52
Foreign Exchange Rate Adjustments	-	0.05	0.05	-0.25
Net Cash Flow	-496.54	375.72	-443.98	884.8
Free Cash Flow	187.72	398.33	219.29	-42.47
Free Cash Flow Growth	-52.87%	81.64%	-	-
Free Cash Flow Margin	6.23%	15.70%	12.25%	-3.07%
Free Cash Flow Per Share	0.33	0.71	0.38	-0.09
Cash Income Tax Paid	164.61	55.39	99.91	48.36
Levered Free Cash Flow	59.28	229.55	68.21	-19.23
Unlevered Free Cash Flow	61.31	231.2	68.94	-18.56
Change in Working Capital	-101.73	129.07	29.8	-195.94

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