SHA:688248 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	420.84	365.05	281.27	205.74	143.04
Depreciation & Amortization	108.11	99.19	81.58	49.64	37.77
Other Amortization	24.29	11.37	7.88	4.34	3.75
Loss (Gain) From Sale of Assets	1.31	1.03	0.03	-	-
Asset Writedown & Restructuring Costs	-	-0	1	-	8.78
Loss (Gain) From Sale of Investments	-37.27	-23.25	-7.65	0.08	-0.27
Provision & Write-off of Bad Debts	14.74	9.21	16.95	13.25	10.41
Other Operating Activities	21.32	7.26	10.47	1.36	-1.24
Change in Accounts Receivable	-230.26	-61.73	18.2	-139.18	-181.66
Change in Inventory	-22.27	71.79	-369.96	-177.84	-81.15
Change in Accounts Payable	180.29	-111.23	482.77	345.19	74.21
Operating Cash Flow	484.76	368.13	520.59	304.22	6.3
Operating Cash Flow Growth	31.68%	-29.29%	71.12%	4727.85%	-96.39%
Capital Expenditures	-130	-180.41	-122.26	-84.92	-48.77
Sale of Property, Plant & Equipment	-	0.25	0.14	-	-
Cash Acquisitions	-	-	-151.09	-	-
Investment in Securities	-714.51	-484.63	227	-587.87	-
Other Investing Activities	15.31	-	5.74	-	-
Investing Cash Flow	-829.19	-664.79	-40.46	-672.8	-48.77
Long-Term Debt Repaid	-35.51	-33.82	-33.86	-21.67	-11.68
Total Debt Repaid	-35.51	-33.82	-33.86	-21.67	-11.68
Net Debt Issued (Repaid)	-35.51	-33.82	-33.86	-21.67	-11.68
Issuance of Common Stock	-	-	-	-	1,003
Common Dividends Paid	-149.65	-175.06	-70.59	-48	-58.57
Other Financing Activities	-	9	-	-5.78	-5.03
Financing Cash Flow	-185.15	-199.88	-104.45	-75.45	927.52
Foreign Exchange Rate Adjustments	-	-	0.05	0.05	-0.25
Net Cash Flow	-529.59	-496.54	375.72	-443.98	884.8
Free Cash Flow	354.76	187.72	398.33	219.29	-42.47
Free Cash Flow Growth	88.98%	-52.87%	81.64%	-	-
Free Cash Flow Margin	9.63%	6.23%	15.70%	12.25%	-3.07%
Free Cash Flow Per Share	0.63	0.33	0.71	0.38	-0.09
Cash Income Tax Paid	156.15	164.61	55.39	99.91	48.36
Levered Free Cash Flow	-230.84	59.05	229.19	68.21	-19.23
Unlevered Free Cash Flow	-228.87	61.08	230.85	68.94	-18.56
Change in Working Capital	-68.59	-101.73	129.07	29.8	-195.94

Source: S&P Global Market Intelligence. Standard template. Financial Sources.