SHA:688260 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	-123.95	-126.14	-68.12	15.5
Depreciation & Amortization	127.14	94.41	94.33	91.23
Other Amortization	13.47	12.79	10.98	7.65
Loss (Gain) From Sale of Assets	-0.11	-1.81	-0.98	-0.79
Asset Writedown & Restructuring Costs	0.47	1.83	0.41	8.91
Loss (Gain) From Sale of Investments	-45.96	-	-0.63	-1.01
Provision & Write-off of Bad Debts	2.4	2.26	-0.8	2.77
Other Operating Activities	80.76	31.34	39.56	15.44
Change in Accounts Receivable	-38.55	-174.49	-131.45	-112.49
Change in Inventory	-19.19	12.77	-21.91	-29.74
Change in Accounts Payable	114.86	109.57	46.38	-8.58
Change in Other Net Operating Assets	0.44	5.81	10.22	8.65
Operating Cash Flow	90.07	-46.1	-44.26	-6.42
Capital Expenditures	-159.19	-498.34	-356.09	-196.02
Sale of Property, Plant & Equipment	0.24	3.36	15.43	7.82
Divestitures	-0.59	-	-	-
Investment in Securities	-	-	31.58	-31.58
Other Investing Activities	-	-	0.63	1.01
Investing Cash Flow	-159.54	-494.98	-308.46	-218.77
Short-Term Debt Issued	5.7	1.21	-	-
Long-Term Debt Issued	433.55	876.84	536.64	202.51
Total Debt Issued	439.25	878.05	536.64	202.51
Short-Term Debt Repaid	-6.91	-	-	-
Long-Term Debt Repaid	-572.34	-498.91	-275.93	-230.67
Total Debt Repaid	-579.25	-498.91	-275.93	-230.67
Net Debt Issued (Repaid)	-140	379.14	260.71	-28.16
Issuance of Common Stock	-	-	-	260.23
Common Dividends Paid	-31.77	-28.81	-27.77	-7.45
Other Financing Activities	267.67	184.09	106.19	21.61
Financing Cash Flow	95.9	534.42	339.13	246.24
Foreign Exchange Rate Adjustments	0.01	0.33	0.2	-0.18
Net Cash Flow	26.43	-6.33	-13.38	20.86
Free Cash Flow	-69.12	-544.44	-400.35	-202.45
Free Cash Flow Margin	-12.33%	-103.72%	-86.46%	-38.95%
Free Cash Flow Per Share	-0.58	-4.54	-3.35	-1.84
Cash Income Tax Paid	-57.16	34.84	23.12	14.2
Levered Free Cash Flow	104.62	-558.97	-304.28	-169.01
Unlevered Free Cash Flow	126.36	-540.82	-290.86	-159.04
Change in Working Capital	35.85	-60.78	-119.02	-146.13

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