SHA:688287 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Jan '21 Jan 1, 2021
Net Income	-147.13	-135.88	21.09	82.33	72.29	53.46
Depreciation & Amortization	40.23	40.23	57.13	20.86	22.6	20.53
Other Amortization	19.03	19.03	1.43	16.53	1.53	1.1
Loss (Gain) From Sale of Assets	0.02	0.02	1.34	-	0.02	-
Asset Writedown & Restructuring Costs	46.48	46.48	1.41	0.36	0.66	0.42
Loss (Gain) From Sale of Investments	-	-	-0	-0.39	-0.92	-0.09
Provision & Write-off of Bad Debts	20.28	20.28	8.39	9.11	0.58	-0.06
Other Operating Activities	-33.21	-21.9	9.96	0.06	-0.04	1.54
Change in Accounts Receivable	13.08	13.08	-85.07	-26.58	-33.45	10.28
Change in Inventory	5.44	5.44	-5.65	-8.65	-9.9	6.19
Change in Accounts Payable	-43.9	-43.9	47.76	11.74	2.31	7.01
Operating Cash Flow	-87.92	-65.35	55.3	103.98	55.65	100.42
Operating Cash Flow Growth	-	-	-46.82%	86.87%	-44.59%	218.66%
Capital Expenditures	-44.06	-71.74	-40.72	-54.51	-114.1	-207.66
Sale of Property, Plant & Equipment	0.52	0.52	0.06	-	0	18
Investment in Securities	-	-	10	-2	-8	-
Other Investing Activities	-	-	0	0.39	0.91	-
Investing Cash Flow	-43.54	-71.23	-30.65	-56.12	-121.18	-189.66
Short-Term Debt Issued	-	-	-	-	-	39.81
Long-Term Debt Issued	-	86.6	71.8	-	-	-
Total Debt Issued	-	86.6	71.8	-	-	39.81
Short-Term Debt Repaid	-	-	-	-	-	-64.81
Long-Term Debt Repaid	-	-80.4	-72	-0.03	-0.03	-
Total Debt Repaid	-0.42	-80.4	-72	-0.03	-0.03	-64.81
Net Debt Issued (Repaid)	-0.42	6.2	-0.2	-0.03	-0.03	-25
Issuance of Common Stock	-	-	-	-	-	503.47
Common Dividends Paid	-0.19	-14.11	-18.7	-11.88	-31.67	-1.71
Dividends Paid	-0.19	-14.11	-18.7	-11.88	-31.67	-1.71
Other Financing Activities	101.02	368.38	24.22	-388.08	-	-5.76
Financing Cash Flow	100.41	360.48	5.32	-399.99	-31.7	471
Net Cash Flow	-31.05	223.9	29.96	-352.12	-97.24	381.76
Free Cash Flow	-131.98	-137.09	14.58	49.47	-58.46	-107.24
Free Cash Flow Growth	-	-	-70.53%	-	-	-
Free Cash Flow Margin	-145.84%	-152.35%	6.87%	17.00%	-25.43%	-59.65%
Free Cash Flow Per Share	-0.36	-0.37	0.04	0.14	-0.15	-0.51
Cash Interest Paid	0.18	-	-	-	-	-
Cash Income Tax Paid	0.17	8.77	18.64	9.49	22.74	11.86
Levered Free Cash Flow	1	168.43	-112.29	-108.33	-84.67	-111.72
Unlevered Free Cash Flow	1.09	168.96	-112.13	-108.33	-84.67	-110.75
Change in Working Capital	-33.61	-33.61	-45.46	-24.87	-41.08	23.52

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.