SHA:688306 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	8.2	-206.11	42.28	43.18
Depreciation & Amortization	69.82	77.57	77.04	78.57
Other Amortization	14.67	0.36	1.33	6.09
Loss (Gain) From Sale of Assets	-0.59	-0.06	-0.24	-0.61
Asset Writedown & Restructuring Costs	-	7.46	-	20.01
Loss (Gain) From Sale of Investments	-2.9	-3.1	-6.87	-
Provision & Write-off of Bad Debts	8.46	2.44	15.14	-
Other Operating Activities	119.03	207.33	55.8	-24.39
Change in Accounts Receivable	-280.29	53.32	-341.5	-97.42
Change in Inventory	376.26	-134.78	-387.06	214.99
Change in Accounts Payable	-175.91	339.77	333.65	-186.06
Operating Cash Flow	135.87	254.75	-229.59	42.61
Operating Cash Flow Growth	-46.66%	-	-	-
Capital Expenditures	-111.6	-123.89	-157.16	-13.57
Sale of Property, Plant & Equipment	1.34	0.1	0.53	0.24
Investment in Securities	125	-	-200	-
Other Investing Activities	3.14	3.47	6.09	-
Investing Cash Flow	17.88	-120.33	-350.54	-13.34
Long-Term Debt Issued	447.2	1,164	1,051	543.71
Long-Term Debt Repaid	-648.82	-1,111	-1,581	-509.26
Net Debt Issued (Repaid)	-201.62	53.2	-529.98	34.45
Issuance of Common Stock	7.46	-	1,454	-
Repurchase of Common Stock	-45.08	-4.53	-	-
Common Dividends Paid	-60.61	-64.16	-51.01	-44.61
Other Financing Activities	-	-23.56	-34.92	141.01
Financing Cash Flow	-299.85	-39.04	837.98	130.85
Foreign Exchange Rate Adjustments	-23.96	36.29	6.83	-21.1
Net Cash Flow	-170.06	131.67	264.67	139.03
Free Cash Flow	24.28	130.85	-386.75	29.04
Free Cash Flow Growth	-81.45%	-	-	-
Free Cash Flow Margin	0.91%	6.24%	-19.38%	1.36%
Free Cash Flow Per Share	0.02	0.11	-0.37	0.03
Cash Income Tax Paid	75.98	58.85	52.36	84.47
Levered Free Cash Flow	-128.47	195.1	-329.06	55.45
Unlevered Free Cash Flow	-90.59	234.64	-297.32	86.26
Change in Working Capital	-80.82	168.86	-414.07	-80.24

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