SHA:688288 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	Dec '20 Dec 31, 2020
Net Income	68.07	-2.94	-71.6	-106.04	29.57	88.31
Depreciation & Amortization	26.04	26.04	24.02	23.16	16.74	10.33
Other Amortization	1.8	1.8	1.55	3.38	2.68	0.52
Loss (Gain) From Sale of Assets	0.09	0.09	0.43	0.64	0.14	-
Asset Writedown & Restructuring Costs	0.02	0.02	0.02	-	1.48	0.07
Loss (Gain) From Sale of Investments	-2.48	-2.48	-5.63	-6.67	-3.12	-1.95
Provision & Write-off of Bad Debts	10.18	10.18	4.9	1.83	0.33	5.53
Other Operating Activities	14.32	11.86	7.02	5.35	2.24	1.94
Change in Accounts Receivable	-83.59	-83.59	-111.09	-5.51	62	-108.8
Change in Inventory	20.23	20.23	-31.86	38.65	-63.54	-24.6
Change in Accounts Payable	-2.55	-2.55	74.69	-33.02	-21.06	63.45
Change in Other Net Operating Assets	2.2	2.2	9.27	-2.95	2.39	10.16
Operating Cash Flow	54.32	-19.15	-81.6	-80.56	19.61	39.35
Operating Cash Flow Growth	-	-	-	-	-50.17%	-36.73%
Capital Expenditures	-26.05	-22.5	-27.55	-70.82	-105.54	-75.81
Sale of Property, Plant & Equipment	0.59	0.34	0.76	0.18	0.21	-
Investment in Securities	37.8	25.02	-59.78	-45.57	158.83	-233
Other Investing Activities	-125.96	2.61	5.79	1.98	3.12	1.95
Investing Cash Flow	-113.62	5.48	-80.78	-114.22	56.62	-306.86
Short-Term Debt Issued	-	-	-	105	58	62
Long-Term Debt Issued	-	228	100	-	-	-
Total Debt Issued	211	228	100	105	58	62
Short-Term Debt Repaid	-	-	-	-94.99	-58	-12
Long-Term Debt Repaid	-	-158	-65	-3.5	-4.72	-
Total Debt Repaid	-220	-158	-65	-98.49	-62.72	-12
Net Debt Issued (Repaid)	-9	70	35	6.51	-4.72	50
Issuance of Common Stock	0.8	0.6	-	-	6.62	-
Common Dividends Paid	-3.47	-5.39	-0.65	-	-37.16	-30.78
Other Financing Activities	-2.68	-22.22	1.87	0.09	-	-
Financing Cash Flow	-14.35	42.99	36.22	6.59	-35.26	19.22
Foreign Exchange Rate Adjustments	-0	-	-	-	-	-
Net Cash Flow	-73.65	29.31	-126.16	-188.19	40.97	-248.28
Free Cash Flow	28.27	-41.65	-109.15	-151.38	-85.93	-36.45
Free Cash Flow Margin	4.32%	-7.96%	-26.66%	-63.15%	-21.19%	-7.99%
Free Cash Flow Per Share	0.26	-0.42	-1.08	-1.51	-0.87	-0.36
Cash Interest Paid	-	-	-	2.25	-	-
Cash Income Tax Paid	14.87	11.85	16.81	4.65	9.9	5.35
Levered Free Cash Flow	15.93	-40.01	-102.8	-104.27	-104.82	-89.58
Unlevered Free Cash Flow	17.46	-37.96	-102.3	-102.72	-103.21	-89.05
Change in Working Capital	-63.71	-63.71	-42.31	-2.2	-30.44	-65.4

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