SHA:688270 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	150.1	132.99	17.85	72.48	107.73	98.84
Depreciation & Amortization	21.79	21.79	18.96	15.67	7.74	6.18
Other Amortization	-	-	1.71	0.21	-	0.11
Loss (Gain) From Sale of Assets	-	-	0.03	-0.05	-	-
Asset Writedown & Restructuring Costs	17.5	17.5	0.05	0.15	0.05	0.01
Loss (Gain) From Sale of Investments	1.62	1.62	3.42	13.52	8.53	7.56
Provision & Write-off of Bad Debts	-	-	18.91	11.57	10.41	2.33
Other Operating Activities	1.4	16.65	13.44	7.6	-0.04	0.68
Change in Accounts Receivable	-151.37	-151.37	-87.6	-96.67	-121.24	-100.91
Change in Inventory	-43.87	-43.87	11.84	-48.76	-41.92	-16.81
Change in Accounts Payable	67.86	67.86	10.86	33.12	46.7	6.75
Operating Cash Flow	65.03	63.17	9.47	8.83	17.95	4.75
Operating Cash Flow Growth	71.00%	566.92%	7.27%	-50.82%	277.56%	-57.12%
Capital Expenditures	-3.09	-5.11	-198.8	-46.69	-33.7	-9.22
Sale of Property, Plant & Equipment	0.02	0.02	-	0.07	-	0
Investment in Securities	320	290	-700	-	-	1.06
Other Investing Activities	8.55	7.68	7.48	1.08	0.46	-
Investing Cash Flow	325.49	292.59	-891.32	-45.53	-33.24	-8.16
Long-Term Debt Repaid	-	-	-0.58	-11.6	-0.36	-1.44
Net Debt Issued (Repaid)	-	-	-0.58	-11.6	-0.36	-1.44
Issuance of Common Stock	-	-	-	-	1,556	-
Common Dividends Paid	-	-	-25.99	-32.76	-30.25	-
Other Financing Activities	-16.07	-20.57	-	-1.65	-27.07	-1.61
Financing Cash Flow	-16.07	-20.57	-26.58	-46.02	1,498	-3.05
Net Cash Flow	374.45	335.19	-908.43	-82.72	1,483	-6.46
Free Cash Flow	61.94	58.06	-189.33	-37.86	-15.74	-4.47
Free Cash Flow Margin	12.89%	13.45%	-62.41%	-13.48%	-6.49%	-2.34%
Free Cash Flow Per Share	0.29	0.27	-0.85	-0.18	-0.07	-0.03
Cash Income Tax Paid	41.36	33.07	12.85	21.79	5.39	6.96
Levered Free Cash Flow	55.61	104.83	-243.15	-149.28	-90.04	-51
Unlevered Free Cash Flow	55.61	104.83	-243.13	-149.26	-90.03	-50.98
Change in Working Capital	-127.38	-127.38	-64.9	-112.32	-116.46	-110.96

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