SHA:688266 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	-133.34	-137.83	-278.58	-457.33	-451	-319.23
Depreciation & Amortization	55.26	55.26	54.04	66.37	50.77	34.72
Other Amortization	6.07	6.07	6.36	4.44	2.62	0.44
Loss (Gain) From Sale of Assets	-	-	-	-0.02	-	-
Asset Writedown & Restructuring Costs	-	-	0.28	0.11	0.01	-
Loss (Gain) From Sale of Investments	-6.86	-6.86	-14.68	-6.58	-12.8	-12.28
Provision & Write-off of Bad Debts	2.22	2.22	0.64	1.4	3.28	-
Other Operating Activities	-121.35	-33.48	8.77	-15.57	-4.53	9.71
Change in Accounts Receivable	-58.17	-58.17	-38.35	-17.41	-84.19	-20.87
Change in Inventory	-72.01	-72.01	-11.87	-47.07	-28.77	-16.71
Change in Accounts Payable	285.27	285.27	78.49	67.14	38.99	-46.68
Change in Other Net Operating Assets	1.62	1.62	-34.11	37.07	34.62	31.12
Operating Cash Flow	-45.18	38.2	-232.75	-370.34	-454.62	-343.86
Capital Expenditures	-162.78	-95.69	-62.6	-88.62	-70.74	-57.68
Sale of Property, Plant & Equipment	-	-	0	0	0	-
Investment in Securities	-1,768	-1,764	115	-182.1	380.01	-441.57
Other Investing Activities	10.64	14.86	12.44	6.66	17.39	-
Investing Cash Flow	-1,920	-1,845	64.84	-264.06	326.66	-499.25
Long-Term Debt Issued	-	1,288	983.8	561	171.4	67.65
Long-Term Debt Repaid	-	-1,150	-644.19	-242.77	-64.91	-80
Net Debt Issued (Repaid)	212.18	138.43	339.61	318.23	106.49	-12.35
Issuance of Common Stock	0.34	0.34	1,192	-	-	2,026
Common Dividends Paid	-25.32	-24.56	-21.17	-11.22	-4.14	-1.11
Other Financing Activities	-161.07	-165.52	-1.45	-24.23	-8.36	-113.1
Financing Cash Flow	26.12	-51.32	1,509	282.79	93.99	1,899
Foreign Exchange Rate Adjustments	-2.29	-2.3	0.22	4.07	-1.44	-3.79
Net Cash Flow	-1,941	-1,861	1,342	-347.54	-35.41	1,052
Free Cash Flow	-207.95	-57.49	-295.35	-458.97	-525.36	-401.54
Free Cash Flow Margin	-28.02%	-10.79%	-76.43%	-151.82%	-275.98%	-1451.64%
Free Cash Flow Per Share	-0.78	-0.22	-1.16	-1.92	-2.19	-1.71
Cash Income Tax Paid	62.34	51.24	15.67	-17.55	-30.33	7.96
Levered Free Cash Flow	-350.13	-165.35	-325.09	-297.1	-353.47	-238.38
Unlevered Free Cash Flow	-334.92	-147.3	-310.99	-289.58	-350.71	-237.7
Change in Working Capital	152.83	152.83	-9.58	36.84	-42.98	-57.22

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