SHA:688318 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	303.45	315.4	303.94	310.72	153.55	281.7
Depreciation & Amortization	4.72	4.72	4.75	5.12	4.34	3.59
Other Amortization	0.23	0.23	0.33	0.37	0.61	0.39
Loss (Gain) From Sale of Assets	-	-	-0.13	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	0.08	-	0.03
Loss (Gain) From Sale of Investments	-125.52	-125.52	-79.81	-18.77	68.99	-52.48
Provision & Write-off of Bad Debts	1.77	1.77	0.13	0.52	0.19	0.06
Other Operating Activities	-10.5	-19.14	-20.22	-1.49	-1.39	0.63
Change in Accounts Receivable	-8.64	-8.64	4.66	-48.88	-36.34	-9.7
Change in Inventory	0.35	0.35	1.14	3.42	-4.91	0.51
Change in Accounts Payable	0.09	0.09	-13.15	-9.04	30.87	20.52
Operating Cash Flow	171.29	174.6	199.44	238.06	200.53	245.25
Operating Cash Flow Growth	-12.43%	-12.46%	-16.22%	18.71%	-18.23%	4.34%
Capital Expenditures	-62.89	-55.45	-37.61	-19.59	-24.6	-2.27
Sale of Property, Plant & Equipment	-	-	-	0	-	-
Investment in Securities	117.45	-52.2	-331.91	-147.89	-69.19	-388.9
Other Investing Activities	39.48	43.16	92.34	85.85	34.35	2.58
Investing Cash Flow	94.05	-64.49	-277.18	-81.63	-59.44	-388.59
Short-Term Debt Issued	-	-	120	80	-	-
Total Debt Issued	-22.12	-	120	80	-	-
Short-Term Debt Repaid	-	-	-120	-80	-	-
Long-Term Debt Repaid	-	-0.75	-1.09	-1.41	-1.4	-1.21
Total Debt Repaid	-0.75	-0.75	-121.09	-81.41	-1.4	-1.21
Net Debt Issued (Repaid)	-22.87	-0.75	-1.09	-1.41	-1.4	-1.21
Common Dividends Paid	-91.4	-91.4	-127.35	-47.1	-93.34	-66.67
Other Financing Activities	0.05	-	-	-	1	-
Financing Cash Flow	-114.22	-92.15	-128.43	-48.51	-93.73	-67.88
Foreign Exchange Rate Adjustments	-1.47	0.28	0.93	0.68	4.25	-1.13
Net Cash Flow	149.65	18.23	-205.24	108.6	51.61	-212.35
Free Cash Flow	108.41	119.15	161.84	218.47	175.93	242.97
Free Cash Flow Growth	-34.31%	-26.38%	-25.92%	24.18%	-27.59%	4.50%
Free Cash Flow Margin	29.55%	32.37%	41.60%	50.26%	54.73%	74.46%
Free Cash Flow Per Share	0.42	0.47	0.63	0.85	0.69	0.95
Cash Income Tax Paid	70.61	68.44	56.33	77.6	49.07	63.33
Levered Free Cash Flow	-30.84	75.52	126.82	197.75	82.56	154.33
Unlevered Free Cash Flow	-30.82	75.54	128.54	198.11	82.68	154.48
Change in Working Capital	-2.85	-2.85	-9.55	-58.48	-25.76	11.34

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