SHA:688248 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	413.22	420.84	365.05	281.27	205.74	143.04
Depreciation & Amortization	108.11	108.11	99.19	81.58	49.64	37.77
Other Amortization	24.29	24.29	11.37	7.88	4.34	3.75
Loss (Gain) From Sale of Assets	1.31	1.31	1.03	0.03	-	-
Asset Writedown & Restructuring Costs	-	-	-0	1	-	8.78
Loss (Gain) From Sale of Investments	-37.27	-37.27	-23.25	-7.65	0.08	-0.27
Provision & Write-off of Bad Debts	14.74	14.74	9.21	16.95	13.25	10.41
Other Operating Activities	178.32	21.32	7.26	10.47	1.36	-1.24
Change in Accounts Receivable	-230.26	-230.26	-61.73	18.2	-139.18	-181.66
Change in Inventory	-22.27	-22.27	71.79	-369.96	-177.84	-81.15
Change in Accounts Payable	180.29	180.29	-111.23	482.77	345.19	74.21
Operating Cash Flow	634.13	484.76	368.13	520.59	304.22	6.3
Operating Cash Flow Growth	167.30%	31.68%	-29.29%	71.12%	4727.85%	-96.39%
Capital Expenditures	-134.95	-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	-646.01	-714.51	-484.63	227	-587.87	-
Other Investing Activities	37.19	15.31	-	5.74	-	-
Investing Cash Flow	-743.77	-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	-35.51	-33.82	-33.86	-21.67	-11.68
Net Debt Issued (Repaid)	-35.51	-35.51	-33.82	-33.86	-21.67	-11.68
Issuance of Common Stock	-	-	-	-	-	1,003
Common Dividends Paid	-149.65	-149.65	-175.06	-70.59	-48	-58.57
Other Financing Activities	-1.76	-	9	-	-5.78	-5.03
Financing Cash Flow	-186.92	-185.15	-199.88	-104.45	-75.45	927.52
Foreign Exchange Rate Adjustments	-	-	-	0.05	0.05	-0.25
Net Cash Flow	-296.55	-529.59	-496.54	375.72	-443.98	884.8
Free Cash Flow	499.19	354.76	187.72	398.33	219.29	-42.47
Free Cash Flow Growth	933.35%	88.98%	-52.87%	81.64%	-	-
Free Cash Flow Margin	13.79%	9.63%	6.23%	15.70%	12.25%	-3.07%
Free Cash Flow Per Share	0.90	0.63	0.33	0.71	0.38	-0.09
Cash Income Tax Paid	182.73	156.15	164.61	55.39	99.91	48.36
Levered Free Cash Flow	-100.88	-230.84	59.05	229.19	68.21	-19.23
Unlevered Free Cash Flow	-98.91	-228.87	61.08	230.85	68.94	-18.56
Change in Working Capital	-68.59	-68.59	-101.73	129.07	29.8	-195.94

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