SHA:688310 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	44.57	-19.98	99.83	67.02	64.48
Depreciation & Amortization	34.75	31.46	29.47	16.24	7.43
Other Amortization	0.67	1.05	0.09	0.23	0.22
Loss (Gain) From Sale of Assets	0.05	-0.3	0.03	-0.29	0.05
Asset Writedown & Restructuring Costs	-1.71	10.42	-	-0.07	1.79
Loss (Gain) From Sale of Investments	-0.67	-2.3	-3.31	-3.07	-0.5
Provision & Write-off of Bad Debts	-	-3.67	3.58	4.23	2.22
Other Operating Activities	0.07	-7.21	11.23	10.86	0.32
Change in Accounts Receivable	55.12	-3.59	-11.85	-88.72	-23
Change in Inventory	-20.6	1.61	-29.03	-19.01	-0.38
Change in Accounts Payable	35.67	45.84	5.42	94.29	28.72
Change in Other Net Operating Assets	1.09	3.93	7.9	15.68	4.04
Operating Cash Flow	151.22	56.56	110.91	97.34	84.89
Operating Cash Flow Growth	167.34%	-49.00%	13.94%	14.67%	21.11%
Capital Expenditures	-53.95	-86.02	-72.21	-135.7	-112.65
Sale of Property, Plant & Equipment	0.15	0.8	0.05	0.75	0.01
Cash Acquisitions	-	-	-	-10.41	-
Investment in Securities	-1.05	-93.96	10	-25.05	-39.52
Other Investing Activities	4.21	4.49	4.25	10.44	-
Investing Cash Flow	-50.64	-174.7	-57.9	-159.97	-152.16
Long-Term Debt Issued	21.02	30	-	9.9	-
Total Debt Issued	21.02	30	-	9.9	-
Short-Term Debt Repaid	-	-	-	-9.9	-
Long-Term Debt Repaid	-0.07	-0.49	-1.32	-1.27	-1.21
Total Debt Repaid	-0.07	-0.49	-1.32	-11.17	-1.21
Net Debt Issued (Repaid)	20.95	29.51	-1.32	-1.27	-1.21
Issuance of Common Stock	-	6.52	5.94	4.4	-
Repurchase of Common Stock	-	-15.01	-	-	-
Common Dividends Paid	-1.27	-59.02	-40.27	-31.77	-41.8
Dividends Paid	-1.27	-59.02	-40.27	-31.77	-41.8
Other Financing Activities	-1.23	-1.51	27.35	-2.23	-
Financing Cash Flow	18.45	-39.51	-8.3	-30.87	-43.01
Foreign Exchange Rate Adjustments	-0.8	-0.02	0.11	0.51	-0.34
Net Cash Flow	118.22	-157.66	44.82	-92.99	-110.62
Free Cash Flow	97.26	-29.46	38.7	-38.36	-27.77
Free Cash Flow Margin	21.74%	-10.72%	8.06%	-10.00%	-8.80%
Free Cash Flow Per Share	0.60	-0.18	0.24	-0.23	-0.17
Cash Income Tax Paid	15.17	24.45	38.44	17.49	11.32
Levered Free Cash Flow	102.6	-60.18	-1.22	-61.26	-48.79
Unlevered Free Cash Flow	102.6	-60.14	-1.18	-61.2	-48.72
Change in Working Capital	73.48	47.1	-30	2.18	8.88

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