SHA:688282 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	-12.63	-9.23	-4.53	-22.55	55.8	73.07
Depreciation & Amortization	21.88	21.88	20.85	9.64	4.74	4.67
Other Amortization	-	-	-	-	-	0.32
Loss (Gain) From Sale of Assets	0	0	-0.04	-	-	-
Asset Writedown & Restructuring Costs	28.41	28.41	6.14	0	-	-
Loss (Gain) From Sale of Investments	-3.75	-3.75	-3.03	-9.16	-17.37	-
Provision & Write-off of Bad Debts	25.45	25.45	-4.45	0.33	9.79	4.86
Other Operating Activities	-9.15	8.37	-13.04	12.22	3.26	-1.41
Change in Accounts Receivable	-156.56	-156.56	-40.51	38.16	-125.58	-115.1
Change in Inventory	14.62	14.62	23.27	-15.3	48.96	-39.49
Change in Accounts Payable	31.94	31.94	37.6	-2.74	-15.2	72.21
Change in Other Net Operating Assets	-	-	-	-	-0.13	-
Operating Cash Flow	-62.34	-41.43	17.58	3.57	-36.32	-1.41
Operating Cash Flow Growth	-	-	392.34%	-	-	-
Capital Expenditures	-14.23	-10.98	-73.41	-58	-105.23	-73.88
Cash Acquisitions	-	-	-84.62	-	-	-
Investment in Securities	-2	-73	27	470	-659.58	-
Other Investing Activities	2.95	7.89	3.31	7.76	16.79	-
Investing Cash Flow	-13.28	-76.09	-127.72	419.76	-748.03	-73.88
Long-Term Debt Issued	-	37.07	12.88	-	23.1	45.1
Long-Term Debt Repaid	-	-17.88	-35.15	-1.26	-69.34	-1.23
Net Debt Issued (Repaid)	22.62	19.2	-22.28	-1.26	-46.24	43.87
Issuance of Common Stock	2.7	-	-	-	1,286	-
Repurchase of Common Stock	-5.05	-5.05	-99.08	-60.91	-	-
Common Dividends Paid	-0.65	-0.49	-0.37	-48.4	-56.22	-0.52
Other Financing Activities	10.33	-	0	-0.05	-25.4	-6.33
Financing Cash Flow	29.95	13.66	-121.72	-110.61	1,158	37.02
Net Cash Flow	-45.67	-103.86	-231.86	312.72	373.94	-38.27
Free Cash Flow	-76.57	-52.41	-55.83	-54.43	-141.55	-75.29
Free Cash Flow Margin	-25.01%	-17.41%	-32.67%	-250.25%	-69.15%	-23.66%
Free Cash Flow Per Share	-0.91	-0.62	-0.62	-0.63	-1.73	-1.14
Cash Income Tax Paid	-	21.49	7.02	0.26	-6.76	18.61
Levered Free Cash Flow	-102.63	-47.73	-195.12	6.04	-168.94	-77.21
Unlevered Free Cash Flow	-102.28	-47.38	-194.92	6.11	-168.92	-77.2
Change in Working Capital	-112.56	-112.56	15.69	13.1	-92.53	-82.92

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