SHA:688279 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	218.94	222.36	174.85	142	135.27
Depreciation & Amortization	13.15	11.72	8.84	5.65	4.35
Other Amortization	4.13	0.3	0.27	0.49	0.47
Loss (Gain) From Sale of Assets	-	-0.07	-0.01	-0.06	-0.02
Asset Writedown & Restructuring Costs	0	0	0	0	0.01
Loss (Gain) From Sale of Investments	-60.3	-52.34	-40.87	-31.44	-7.82
Provision & Write-off of Bad Debts	0.21	-0	0.13	-0.04	0.05
Other Operating Activities	6.67	2.94	-9.8	-4.52	1.63
Change in Accounts Receivable	-32.07	0.76	12.2	-6.34	-46.28
Change in Inventory	-33.82	8.94	-18.06	-95.8	-18.1
Change in Accounts Payable	40.24	-21.34	-15.97	18.37	69.59
Change in Other Net Operating Assets	78.28	17.69	8.08	6.45	-0.22
Operating Cash Flow	228.25	184.73	111.34	34.83	138.57
Operating Cash Flow Growth	23.56%	65.91%	219.64%	-74.86%	58.40%
Capital Expenditures	-241.75	-153.18	-25.34	-16.08	-9.63
Divestitures	0.06	-	-	-	-
Investment in Securities	-2,274	-288.79	52.42	-1,572	-0.12
Other Investing Activities	35.11	29.66	0.98	1.95	7.84
Investing Cash Flow	-2,480	-412.31	28.06	-1,586	-1.92
Short-Term Debt Repaid	-	-	-	-	-10
Long-Term Debt Repaid	-4.41	-4.24	-4.33	-3.37	-3.22
Total Debt Repaid	-4.41	-4.24	-4.33	-3.37	-13.22
Net Debt Issued (Repaid)	-4.41	-4.24	-4.33	-3.37	-13.22
Issuance of Common Stock	2,361	-	-	1,751	-
Repurchase of Common Stock	-	-20.02	-	-	-
Common Dividends Paid	-71.89	-56.27	-44.33	-40.64	-0.3
Other Financing Activities	-33.51	-3.39	-0.58	-28.59	-3.26
Financing Cash Flow	2,251	-83.92	-49.24	1,678	-16.79
Foreign Exchange Rate Adjustments	2.86	0.16	-1.05	1.04	-0.31
Net Cash Flow	2.45	-311.34	89.11	127.81	119.55
Free Cash Flow	-13.51	31.55	86.01	18.75	128.93
Free Cash Flow Growth	-	-63.32%	358.62%	-85.45%	51.32%
Free Cash Flow Margin	-1.75%	5.25%	20.91%	5.81%	39.02%
Free Cash Flow Per Share	-0.13	0.34	0.93	0.22	1.86
Cash Income Tax Paid	24.62	15.52	16.82	20.79	22.3
Levered Free Cash Flow	-54.1	-43.43	43.6	-51.48	72.92
Unlevered Free Cash Flow	-53.77	-43.25	43.6	-51.48	72.92
Change in Working Capital	45.44	-0.19	-22.07	-77.24	4.63

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