SHA:688265 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	48.46	6.5	-20.58	-5.4	60.86	44.56
Depreciation & Amortization	58.77	58.77	48.42	37.01	17.33	6.62
Other Amortization	18.79	18.79	17.03	12.7	8.34	7.33
Loss (Gain) From Sale of Assets	-0.02	-0.02	0.01	0.06	0.07	0.02
Asset Writedown & Restructuring Costs	0.06	0.06	0.04	2.03	1.98	1.23
Loss (Gain) From Sale of Investments	-20.34	-20.34	-18.01	-18.23	-2.28	-2.6
Provision & Write-off of Bad Debts	6	6	8.45	5.9	1.5	2.13
Other Operating Activities	-12.52	3.22	9.26	5.99	0.41	0.13
Change in Accounts Receivable	-8.36	-8.36	-21.27	22.21	-5.75	-25.56
Change in Inventory	2.31	2.31	-1.29	-4.07	-5.01	0.78
Change in Accounts Payable	6.05	6.05	1.72	-38.53	31.53	29.96
Change in Other Net Operating Assets	2.36	2.36	5.65	8.95	2.62	-5.05
Operating Cash Flow	97.79	71.56	20.08	18.89	111.46	59.1
Operating Cash Flow Growth	160.78%	256.36%	6.29%	-83.05%	88.58%	69.98%
Capital Expenditures	-24.41	-25.24	-124.3	-270.26	-52.36	-102.97
Sale of Property, Plant & Equipment	0.11	0.14	0	0.01	0.01	0.02
Investment in Securities	-1.92	134.74	-100.93	-734.34	-40	18
Other Investing Activities	0.05	-	-	53.2	2.08	2.79
Investing Cash Flow	-26.17	109.64	-225.23	-951.39	-90.27	-82.16
Short-Term Debt Repaid	-	-	-25.2	-	-	-
Long-Term Debt Repaid	-	-25.39	-24.69	-26.34	-6.59	-
Total Debt Repaid	-25.39	-25.39	-49.89	-26.34	-6.59	-
Net Debt Issued (Repaid)	-25.39	-25.39	-49.89	-26.34	-6.59	-
Issuance of Common Stock	-	-	-	-	1,491	75
Repurchase of Common Stock	-47.71	-47.71	-14.38	-	-	-
Common Dividends Paid	-	-10	-0.4	-20.81	-	-
Other Financing Activities	53.03	-	-	-217.97	-12.26	-
Financing Cash Flow	-20.06	-83.1	-64.68	-265.11	1,473	75
Foreign Exchange Rate Adjustments	-0.7	0.52	-0.02	-0.09	-0.02	-
Net Cash Flow	50.85	98.61	-269.84	-1,198	1,494	51.94
Free Cash Flow	73.38	46.33	-104.22	-251.37	59.1	-43.86
Free Cash Flow Growth	19641.61%	-	-	-	-	-
Free Cash Flow Margin	17.51%	12.15%	-28.43%	-82.97%	21.47%	-22.36%
Free Cash Flow Per Share	0.88	0.57	-1.32	-3.26	1.01	-0.77
Cash Income Tax Paid	4.85	5.64	4.15	7.52	7.83	6.44
Levered Free Cash Flow	58.02	32.89	-98.04	-277.76	51.37	-61.44
Unlevered Free Cash Flow	59.64	35.27	-94.88	-274.52	52.28	-61.44
Change in Working Capital	-1.4	-1.4	-24.54	-21.18	23.25	-0.31

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