SHA:688309 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	31.96	17.42	18.15	14.63	-9.48	45.97
Depreciation & Amortization	15.98	15.98	13.83	10.24	9.59	6.71
Other Amortization	0.77	0.77	0.36	0.25	0.12	-
Loss (Gain) From Sale of Assets	-2.06	-2.06	-	-	-0	-
Asset Writedown & Restructuring Costs	-	-	-0.05	-1.32	9.59	0.82
Loss (Gain) From Sale of Investments	1.08	1.08	-2.98	-0.46	-5.8	-2.72
Provision & Write-off of Bad Debts	8.97	8.97	26.41	15.07	19.7	5.52
Other Operating Activities	25.15	-3.41	2.84	-1.89	0.25	0.76
Change in Accounts Receivable	44.72	44.72	-33.21	48.13	-10	-109.6
Change in Inventory	1.19	1.19	-13.61	0.1	-8.21	11.04
Change in Accounts Payable	19.85	19.85	5.25	35.01	-13.82	1.4
Change in Other Net Operating Assets	1.47	1.47	1.48	4.64	6.64	10.48
Operating Cash Flow	148.31	105.21	13.35	122.07	-5.76	-30.5
Operating Cash Flow Growth	193.58%	688.30%	-89.07%	-	-	-
Capital Expenditures	-70.94	-69.3	-61.54	-68.74	-36.62	-38.94
Sale of Property, Plant & Equipment	0.02	6.96	0.08	-	0.02	-
Cash Acquisitions	-7.5	-29.34	-	-	-	-
Investment in Securities	15	64	-20	-62	160	-285
Other Investing Activities	1.85	2.5	3.47	3.76	7.03	2.22
Investing Cash Flow	-61.57	-25.17	-77.99	-126.98	130.43	-321.72
Short-Term Debt Issued	-	-	-	-	-	20
Long-Term Debt Issued	-	15.01	-	-	-	-
Total Debt Issued	23.18	15.01	-	-	-	20
Short-Term Debt Repaid	-	-	-	-	-	-30
Long-Term Debt Repaid	-	-15.4	-	-	-	-
Total Debt Repaid	-19.77	-15.4	-	-	-	-30
Net Debt Issued (Repaid)	3.41	-0.39	-	-	-	-10
Issuance of Common Stock	-	-	-	-	-	435.74
Common Dividends Paid	-7.58	-7.6	-5.88	-	-4.96	-
Dividends Paid	-7.58	-7.6	-5.88	-	-4.96	-
Other Financing Activities	9.01	-	-	-10.02	-	-0.67
Financing Cash Flow	4.84	-7.98	-5.88	-10.02	-4.96	425.07
Foreign Exchange Rate Adjustments	-0.32	0.74	0.13	1.6	0.01	-0.04
Net Cash Flow	91.27	72.8	-70.38	-13.33	119.73	72.8
Free Cash Flow	77.37	35.91	-48.19	53.33	-42.38	-69.44
Free Cash Flow Margin	27.77%	23.18%	-29.40%	32.26%	-50.11%	-39.77%
Free Cash Flow Per Share	0.98	0.45	-0.60	0.67	-0.53	-1.02
Cash Interest Paid	-	-	-	-	-	0.67
Cash Income Tax Paid	15.25	1.17	16.14	9.4	7.85	9.34
Levered Free Cash Flow	23.59	22.45	-43.62	77.68	-40.86	-89.18
Unlevered Free Cash Flow	23.81	22.67	-43.62	77.68	-40.86	-88.76
Change in Working Capital	66.46	66.46	-45.2	85.54	-29.73	-87.56

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