SHA:688319 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	22.26	20.76	17.56	26.58	107.96
Depreciation & Amortization	37.72	32.47	30.81	25.3	23.04
Other Amortization	5.34	3.53	3.15	3.43	1.64
Loss (Gain) From Sale of Assets	-0.01	0.03	0.15	0.15	0.01
Loss (Gain) From Sale of Investments	-0.5	-0.86	-1.04	-3.7	-3.76
Provision & Write-off of Bad Debts	13.21	10.19	1.72	12.18	9
Other Operating Activities	28.04	6.67	5.66	9.13	0.12
Change in Accounts Receivable	-84.65	-83.63	0.98	-151.92	-147.16
Change in Inventory	9.71	-13.57	1.68	-7.96	-27.28
Change in Accounts Payable	75.13	19.06	-12.3	64.46	81.2
Operating Cash Flow	105.49	-9.73	44	-24.55	39.96
Operating Cash Flow Growth	-	-	-	-	89.49%
Capital Expenditures	-98.81	-207.32	-169.88	-200.69	-69.71
Sale of Property, Plant & Equipment	0.03	0.03	-	-	0.01
Investment in Securities	-24.21	-17.5	90	140	-190
Other Investing Activities	0.5	0.86	1.04	3.7	3.76
Investing Cash Flow	-122.49	-223.93	-78.84	-56.99	-255.94
Long-Term Debt Issued	176.1	206.82	208.25	129.99	35
Total Debt Issued	176.1	206.82	208.25	129.99	35
Long-Term Debt Repaid	-119.65	-78.85	-100.06	-40	-27.34
Total Debt Repaid	-119.65	-78.85	-100.06	-40	-27.34
Net Debt Issued (Repaid)	56.45	127.97	108.19	89.99	7.66
Issuance of Common Stock	-	-	10.38	17.65	371.81
Repurchase of Common Stock	-2.38	-2.39	-	-	-
Common Dividends Paid	-14.72	-29.68	-5.99	-4.25	-1.03
Other Financing Activities	-14.95	-	16.68	-	-9.64
Financing Cash Flow	24.4	95.91	129.27	103.38	368.79
Net Cash Flow	7.4	-137.76	94.42	21.84	152.82
Free Cash Flow	6.68	-217.05	-125.88	-225.24	-29.75
Free Cash Flow Margin	0.95%	-36.86%	-25.37%	-41.14%	-6.11%
Free Cash Flow Per Share	0.02	-0.54	-0.31	-0.56	-0.08
Cash Income Tax Paid	52.14	25.59	34.19	35	16.56
Levered Free Cash Flow	13.44	-200.57	-140.57	-198.44	-67.11
Unlevered Free Cash Flow	22.81	-191.53	-136.09	-195.27	-66.34
Change in Working Capital	-0.57	-82.52	-14	-97.61	-98.05

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