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

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