SHA:688266 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	-165.13	-137.83	-278.58	-457.33	-451
Depreciation & Amortization	49.98	55.26	54.04	66.37	50.77
Other Amortization	5.63	6.07	6.36	4.44	2.62
Loss (Gain) From Sale of Assets	-0	-	-	-0.02	-
Asset Writedown & Restructuring Costs	2.52	-	0.28	0.11	0.01
Loss (Gain) From Sale of Investments	-0.36	-6.86	-14.68	-6.58	-12.8
Provision & Write-off of Bad Debts	-	2.22	0.64	1.4	3.28
Other Operating Activities	-29.51	-33.48	8.77	-15.57	-4.53
Change in Accounts Receivable	-24.4	-58.17	-38.35	-17.41	-84.19
Change in Inventory	9.59	-72.01	-11.87	-47.07	-28.77
Change in Accounts Payable	123.55	285.27	78.49	67.14	38.99
Change in Other Net Operating Assets	3.34	1.62	-34.11	37.07	34.62
Operating Cash Flow	-28.78	38.2	-232.75	-370.34	-454.62
Capital Expenditures	-181.47	-95.69	-62.6	-88.62	-70.74
Sale of Property, Plant & Equipment	-	-	0	0	0
Investment in Securities	116.12	-1,764	115	-182.1	380.01
Other Investing Activities	9.71	14.86	12.44	6.66	17.39
Investing Cash Flow	-55.63	-1,845	64.84	-264.06	326.66
Long-Term Debt Issued	1,127	1,288	983.8	561	171.4
Long-Term Debt Repaid	-1,010	-1,150	-644.19	-242.77	-64.91
Net Debt Issued (Repaid)	116.98	138.43	339.61	318.23	106.49
Issuance of Common Stock	-	0.34	1,192	-	-
Common Dividends Paid	-26.09	-24.56	-21.17	-11.22	-4.14
Other Financing Activities	-98.39	-165.52	-1.45	-24.23	-8.36
Financing Cash Flow	-7.5	-51.32	1,509	282.79	93.99
Foreign Exchange Rate Adjustments	-0.69	-2.3	0.22	4.07	-1.44
Net Cash Flow	-92.61	-1,861	1,342	-347.54	-35.41
Free Cash Flow	-210.25	-57.49	-295.35	-458.97	-525.36
Free Cash Flow Margin	-25.94%	-10.79%	-76.43%	-151.82%	-275.98%
Free Cash Flow Per Share	-0.80	-0.22	-1.16	-1.92	-2.19
Cash Income Tax Paid	80.56	51.24	15.67	-17.55	-30.33
Levered Free Cash Flow	-295.81	-165.35	-325.09	-297.1	-353.47
Unlevered Free Cash Flow	-295.81	-147.3	-310.99	-289.58	-350.71
Change in Working Capital	108.09	152.83	-9.58	36.84	-42.98

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