SHA:688323 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-57.27	-19.6	38.87	56.05
Depreciation & Amortization	97.91	61.57	53.31	55.02
Other Amortization	3.7	4.17	2.51	2.24
Loss (Gain) From Sale of Assets	0.08	0.02	-	-
Asset Writedown & Restructuring Costs	-	-	0.1	0
Loss (Gain) From Sale of Investments	1.51	0.86	0.29	1.15
Provision & Write-off of Bad Debts	1.31	0.49	-0.75	0.69
Other Operating Activities	39.24	19.12	14.52	11.43
Change in Accounts Receivable	2.62	-24.7	14.57	-1.87
Change in Inventory	4.29	-9	-17.86	-33.74
Change in Accounts Payable	51.92	29.36	-17.12	-12.48
Operating Cash Flow	137.52	61.07	89.82	78.38
Operating Cash Flow Growth	125.20%	-32.01%	14.59%	-13.17%
Capital Expenditures	-111.05	-221.2	-497.79	-419.92
Sale of Property, Plant & Equipment	0.02	0	0	0
Cash Acquisitions	-	-2.97	-9.5	-6
Investment in Securities	-18.13	-22.8	-	-
Investing Cash Flow	-129.16	-246.97	-507.28	-425.92
Short-Term Debt Issued	0.18	0.23	13.92	12.91
Long-Term Debt Issued	228.5	181	663.5	547
Total Debt Issued	228.68	181.23	677.42	559.91
Long-Term Debt Repaid	-129.74	-143.87	-126.96	-251.08
Total Debt Repaid	-129.74	-143.87	-126.96	-251.08
Net Debt Issued (Repaid)	98.94	37.36	550.46	308.83
Issuance of Common Stock	-	-	-	234.45
Common Dividends Paid	-35.02	-47.51	-46.84	-22.05
Other Financing Activities	0.46	1.58	-4.41	-38.89
Financing Cash Flow	64.38	-8.57	499.21	482.34
Foreign Exchange Rate Adjustments	0.18	0.58	0.05	0.37
Net Cash Flow	72.92	-193.88	81.79	135.18
Free Cash Flow	26.47	-160.13	-407.97	-341.53
Free Cash Flow Margin	7.81%	-58.04%	-135.22%	-107.13%
Free Cash Flow Per Share	0.15	-0.90	-2.31	-2.07
Cash Income Tax Paid	-2.86	-4.85	-20.82	-2.17
Levered Free Cash Flow	117.4	-111.04	-434.82	-348.68
Unlevered Free Cash Flow	141.29	-99.29	-425.71	-341.24
Change in Working Capital	51.04	-5.56	-19.04	-48.21

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.