SHA:688280 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	-436.41	-576.94	-388.35	-400.13
Depreciation & Amortization	130.15	129.07	127.69	95.82
Other Amortization	16.06	5.61	2.82	5.66
Loss (Gain) From Sale of Assets	-1.84	-1.23	2	1.37
Asset Writedown & Restructuring Costs	29.73	22.07	6.38	0.78
Loss (Gain) From Sale of Investments	1.96	0.65	0.58	-
Provision & Write-off of Bad Debts	0.66	10.44	32.01	-7.6
Other Operating Activities	164.45	137.79	46.47	31.47
Change in Accounts Receivable	-93.87	35.61	-128.67	-71.92
Change in Inventory	-96.72	-158.82	-62.5	-157.34
Change in Accounts Payable	286.31	79.31	-79.07	159.7
Change in Other Net Operating Assets	1.91	-	0.93	4.57
Operating Cash Flow	12.4	-331.76	-454.7	-332.03
Capital Expenditures	-246.34	-201.62	-174.12	-225.09
Sale of Property, Plant & Equipment	3.17	2.94	3.75	1.91
Investment in Securities	3.55	-3.57	-	-
Other Investing Activities	0.08	-	0	-
Investing Cash Flow	-239.54	-202.25	-170.37	-223.19
Short-Term Debt Issued	21.86	66.42	43.56	29.01
Long-Term Debt Issued	497.91	232.6	266.01	489.35
Total Debt Issued	519.77	299.02	309.57	518.36
Short-Term Debt Repaid	-6.07	-58.56	-	-14.17
Long-Term Debt Repaid	-430.11	-301.89	-435.95	-524.99
Total Debt Repaid	-436.18	-360.45	-435.95	-539.16
Net Debt Issued (Repaid)	83.59	-61.43	-126.38	-20.8
Issuance of Common Stock	-	-	-	1,889
Common Dividends Paid	-11.97	-12.62	-12.03	-13.57
Other Financing Activities	-0.15	-15.63	138.9	-19.04
Financing Cash Flow	71.48	-89.68	0.49	1,835
Foreign Exchange Rate Adjustments	3.26	1.89	1.24	-1.35
Net Cash Flow	-152.41	-621.8	-623.34	1,279
Free Cash Flow	-233.94	-533.38	-628.81	-557.13
Free Cash Flow Margin	-17.93%	-61.57%	-61.61%	-75.66%
Free Cash Flow Per Share	-0.40	-0.91	-1.07	-1.20
Cash Income Tax Paid	-5.72	-10.89	-30.1	27.44
Levered Free Cash Flow	-137.81	-333.92	-581.57	-443.87
Unlevered Free Cash Flow	-120.53	-315.04	-567.08	-432.7
Change in Working Capital	107.65	-59.21	-284.3	-59.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.