SHA:688281 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	413.92	335.01	333.42	233.17
Depreciation & Amortization	49.64	21.56	10.43	8.5
Other Amortization	2.49	0.65	0.22	0.07
Loss (Gain) From Sale of Assets	-0.25	0.03	-0	-
Asset Writedown & Restructuring Costs	-	-	0.02	0.04
Loss (Gain) From Sale of Investments	-54.96	-62.48	-59.43	-
Provision & Write-off of Bad Debts	16.34	23.26	11.47	3.31
Other Operating Activities	-14.02	-72.3	6.46	2.37
Change in Accounts Receivable	76.74	-340.84	-233.71	-26.78
Change in Inventory	-94.77	-81.36	-9.59	-23.95
Change in Accounts Payable	-57.46	119.2	119.45	-43.69
Change in Other Net Operating Assets	-	188.31	-	-
Operating Cash Flow	318.46	74.65	179.58	152.54
Operating Cash Flow Growth	326.63%	-58.43%	17.72%	-
Capital Expenditures	-602.09	-461.76	-331.84	-58.11
Sale of Property, Plant & Equipment	0.01	-	0	-
Investment in Securities	-416.5	226	-2,080	-
Other Investing Activities	62.17	58.17	55.1	-
Investing Cash Flow	-956.41	-177.58	-2,356	-58.11
Short-Term Debt Issued	0.98	-	-	-
Long-Term Debt Issued	423.15	312.85	-	20
Total Debt Issued	424.13	312.85	-	20
Long-Term Debt Repaid	-9.66	-2.01	-69.49	-9.99
Net Debt Issued (Repaid)	414.47	310.85	-69.49	10.01
Issuance of Common Stock	-	-	3,034	-
Common Dividends Paid	-57.47	-35.61	-24.03	-2.25
Other Financing Activities	11.42	33.15	-11.31	-
Financing Cash Flow	368.41	308.39	2,929	7.76
Net Cash Flow	-269.54	205.45	752.16	102.19
Free Cash Flow	-283.63	-387.11	-152.26	94.43
Free Cash Flow Margin	-24.90%	-42.19%	-22.64%	18.45%
Free Cash Flow Per Share	-1.04	-1.42	-0.70	0.46
Cash Interest Paid	0.51	-	-	-
Cash Income Tax Paid	120.5	118.31	73.08	46.39
Levered Free Cash Flow	-269.23	-383.01	-165.66	1.41
Unlevered Free Cash Flow	-259.54	-381.48	-165.22	2.89
Change in Working Capital	-94.71	-171.08	-122.99	-94.91

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