SHA:688276 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	232.09	501.01	181.54	243.55
Depreciation & Amortization	104.18	91.99	70.94	68.34
Other Amortization	9.15	7.01	5.68	0.99
Loss (Gain) From Sale of Assets	2.55	0.9	0.73	2.19
Asset Writedown & Restructuring Costs	0.78	-	-	-
Loss (Gain) From Sale of Investments	0.44	-0.69	-0.31	1.02
Provision & Write-off of Bad Debts	6.13	31.67	12.54	5.35
Other Operating Activities	40.06	55.96	41.34	82.59
Change in Accounts Receivable	121.92	-691.36	-171.36	-40.04
Change in Inventory	20.66	-33.53	7.89	-166.47
Change in Accounts Payable	-127.49	327.65	-109.1	-51.67
Operating Cash Flow	406.5	255.21	39.82	140.3
Operating Cash Flow Growth	59.28%	540.93%	-71.62%	-32.92%
Capital Expenditures	-542.43	-470.66	-290.73	-632.88
Sale of Property, Plant & Equipment	-	0.04	-	0.02
Investment in Securities	-	-168	-	-62.64
Other Investing Activities	0.94	-	2.02	-
Investing Cash Flow	-541.48	-638.63	-288.72	-695.51
Short-Term Debt Issued	-	-	-	67.5
Long-Term Debt Issued	336.84	196.91	-	-
Total Debt Issued	336.84	196.91	-	67.5
Short-Term Debt Repaid	-	-	-	-67.5
Long-Term Debt Repaid	-254.48	-176.44	-	-
Total Debt Repaid	-254.48	-176.44	-	-67.5
Net Debt Issued (Repaid)	82.36	20.47	-	-
Issuance of Common Stock	19	-	-	1,413
Common Dividends Paid	-62.05	-62.61	-41.28	-
Other Financing Activities	-2.35	-	-	-10.4
Financing Cash Flow	36.97	-42.14	-41.28	1,402
Foreign Exchange Rate Adjustments	0.7	0.5	1.66	-0.1
Net Cash Flow	-97.31	-425.06	-288.52	847.05
Free Cash Flow	-135.92	-215.46	-250.91	-492.58
Free Cash Flow Margin	-11.06%	-11.81%	-23.42%	-40.98%
Free Cash Flow Per Share	-0.33	-0.52	-0.61	-1.25
Cash Interest Paid	2.35	-	-	0.33
Cash Income Tax Paid	139.52	121.49	77.93	102.54
Levered Free Cash Flow	-213.55	-334.43	-297.86	-467.9
Unlevered Free Cash Flow	-212.6	-333.99	-297.86	-467.69
Change in Working Capital	11.12	-432.65	-293.73	-269.15

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