SHA:688325 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	78.84	59.77	51.86	89.22
Depreciation & Amortization	11.38	8.07	6.21	4.89
Other Amortization	0.86	0.81	0.75	0.29
Loss (Gain) From Sale of Assets	1.38	0.46	0	1.33
Loss (Gain) From Sale of Investments	-35.22	-25.7	-8.17	-
Provision & Write-off of Bad Debts	0.03	0.07	0.07	-0.02
Other Operating Activities	4.03	3.37	4.94	26.87
Change in Accounts Receivable	-4.82	5.3	-20.68	-7.32
Change in Inventory	-29.9	-0.46	-44.32	-7.34
Change in Accounts Payable	24.36	9.26	-16.94	19.81
Change in Other Net Operating Assets	15.24	10.32	14.05	-
Operating Cash Flow	64.8	66.12	-12.52	130.11
Operating Cash Flow Growth	-2.00%	-	-	229.59%
Capital Expenditures	-12.04	-25.5	-10.2	-8.25
Investment in Securities	-10.44	-708.12	-475.21	-
Other Investing Activities	4.26	3.64	-0.08	-
Investing Cash Flow	-18.22	-729.98	-485.49	-8.25
Short-Term Debt Issued	-	27.42	22.78	14.94
Total Debt Issued	-	27.42	22.78	14.94
Short-Term Debt Repaid	-27.7	-22.78	-14.92	-9.88
Long-Term Debt Repaid	-2.9	-2.77	-2.6	-2.58
Total Debt Repaid	-30.59	-25.55	-17.51	-12.46
Net Debt Issued (Repaid)	-30.59	1.87	5.27	2.49
Issuance of Common Stock	4.45	3.73	1,355	-
Repurchase of Common Stock	-53	-34.53	-	-
Common Dividends Paid	-16.3	-1.12	-0.61	-0.83
Other Financing Activities	-0.1	-	-1.55	-
Financing Cash Flow	-95.54	-30.05	1,359	1.66
Foreign Exchange Rate Adjustments	0.44	0.13	2.14	-1.22
Net Cash Flow	-48.53	-693.78	862.63	122.31
Free Cash Flow	52.77	40.62	-22.72	121.86
Free Cash Flow Growth	29.91%	-	-	287.43%
Free Cash Flow Margin	13.43%	16.29%	-11.37%	35.93%
Free Cash Flow Per Share	0.61	0.47	-0.29	1.93
Cash Interest Paid	-	-	1.7	-
Cash Income Tax Paid	13.26	5.79	-1.74	19.08
Levered Free Cash Flow	31.44	-2.17	-59.38	81.85
Unlevered Free Cash Flow	31.47	-1.32	-59.25	82.56
Change in Working Capital	3.5	19.26	-68.19	7.52

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