SHA:688306 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	2.63	8.2	-206.11	42.28	43.18	-53.83
Depreciation & Amortization	69.82	69.82	77.57	77.04	78.57	52.33
Other Amortization	14.67	14.67	0.36	1.33	6.09	19.15
Loss (Gain) From Sale of Assets	-0.59	-0.59	-0.06	-0.24	-0.61	0.98
Asset Writedown & Restructuring Costs	-	-	7.46	-	20.01	34.93
Loss (Gain) From Sale of Investments	-2.9	-2.9	-3.1	-6.87	-	-
Provision & Write-off of Bad Debts	8.46	8.46	2.44	15.14	-	-
Other Operating Activities	78.63	119.03	207.33	55.8	-24.39	82.37
Change in Accounts Receivable	-280.29	-280.29	53.32	-341.5	-97.42	12.09
Change in Inventory	376.26	376.26	-134.78	-387.06	214.99	-190.81
Change in Accounts Payable	-175.91	-175.91	339.77	333.65	-186.06	-73.46
Operating Cash Flow	89.9	135.87	254.75	-229.59	42.61	-122.13
Operating Cash Flow Growth	-52.10%	-46.66%	-	-	-	-
Capital Expenditures	-52.49	-111.6	-123.89	-157.16	-13.57	-30.53
Sale of Property, Plant & Equipment	1.34	1.34	0.1	0.53	0.24	0.11
Investment in Securities	-119.9	125	-	-200	-	-
Other Investing Activities	1.07	3.14	3.47	6.09	-	-
Investing Cash Flow	-169.98	17.88	-120.33	-350.54	-13.34	-30.42
Long-Term Debt Issued	-	447.2	1,164	1,051	543.71	476.26
Long-Term Debt Repaid	-	-648.82	-1,111	-1,581	-509.26	-445.57
Net Debt Issued (Repaid)	-115.98	-201.62	53.2	-529.98	34.45	30.69
Issuance of Common Stock	-	7.46	-	1,454	-	-
Repurchase of Common Stock	-45.08	-45.08	-4.53	-	-	-
Common Dividends Paid	-47.23	-60.61	-64.16	-51.01	-44.61	-37.52
Other Financing Activities	37.29	-	-23.56	-34.92	141.01	36.81
Financing Cash Flow	-170.99	-299.85	-39.04	837.98	130.85	29.98
Foreign Exchange Rate Adjustments	-19.58	-23.96	36.29	6.83	-21.1	-10.49
Net Cash Flow	-270.65	-170.06	131.67	264.67	139.03	-133.06
Free Cash Flow	37.41	24.28	130.85	-386.75	29.04	-152.66
Free Cash Flow Growth	5.80%	-81.45%	-	-	-	-
Free Cash Flow Margin	1.44%	0.91%	6.24%	-19.38%	1.36%	-9.05%
Free Cash Flow Per Share	0.03	0.02	0.11	-0.37	0.03	-0.17
Cash Income Tax Paid	87.68	75.98	58.85	52.36	84.47	86.2
Levered Free Cash Flow	-177.62	-128.47	195.1	-329.06	55.45	-230.61
Unlevered Free Cash Flow	-145.7	-90.59	234.64	-297.32	86.26	-207.46
Change in Working Capital	-80.82	-80.82	168.86	-414.07	-80.24	-258.06

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