SHA:688325 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	97.34	78.84	59.77	51.86	89.22
Depreciation & Amortization	11.36	11.38	8.07	6.21	4.89
Other Amortization	0.69	0.86	0.81	0.75	0.29
Loss (Gain) From Sale of Assets	-	-	0.46	0	1.33
Asset Writedown & Restructuring Costs	2.37	1.38	-	-	-
Loss (Gain) From Sale of Investments	-38.12	-35.22	-25.7	-8.17	-
Provision & Write-off of Bad Debts	0.23	0.03	0.07	0.07	-0.02
Other Operating Activities	12.68	4.03	3.37	4.94	26.87
Change in Accounts Receivable	-42.77	-4.82	5.3	-20.68	-7.32
Change in Inventory	-87.05	-29.9	-0.46	-44.32	-7.34
Change in Accounts Payable	14.43	24.36	9.26	-16.94	19.81
Change in Other Net Operating Assets	20.39	15.24	10.32	14.05	-
Operating Cash Flow	-5.07	64.8	66.12	-12.52	130.11
Operating Cash Flow Growth	-	-2.00%	-	-	229.59%
Capital Expenditures	-170.69	-12.04	-25.5	-10.2	-8.25
Investment in Securities	65.53	-10.44	-708.12	-475.21	-
Other Investing Activities	13.1	4.26	3.64	-0.08	-
Investing Cash Flow	-92.05	-18.22	-729.98	-485.49	-8.25
Short-Term Debt Issued	-	-	27.42	22.78	14.94
Long-Term Debt Issued	110.54	-	-	-	-
Total Debt Issued	110.54	-	27.42	22.78	14.94
Short-Term Debt Repaid	-	-	-22.78	-14.92	-9.88
Long-Term Debt Repaid	-2.97	-30.59	-2.77	-2.6	-2.58
Total Debt Repaid	-2.97	-30.59	-25.55	-17.51	-12.46
Net Debt Issued (Repaid)	107.56	-30.59	1.87	5.27	2.49
Issuance of Common Stock	14.08	4.45	3.73	1,355	-
Repurchase of Common Stock	-	-53	-34.53	-	-
Common Dividends Paid	-84.81	-16.3	-1.12	-0.61	-0.83
Other Financing Activities	-	-0.1	-	-1.55	-
Financing Cash Flow	36.84	-95.54	-30.05	1,359	1.66
Foreign Exchange Rate Adjustments	-0.5	0.44	0.13	2.14	-1.22
Net Cash Flow	-60.78	-48.53	-693.78	862.63	122.31
Free Cash Flow	-175.75	52.77	40.62	-22.72	121.86
Free Cash Flow Growth	-	29.91%	-	-	287.43%
Free Cash Flow Margin	-35.97%	13.43%	16.29%	-11.37%	35.93%
Free Cash Flow Per Share	-2.03	0.61	0.47	-0.29	1.93
Cash Interest Paid	-	-	-	1.7	-
Cash Income Tax Paid	19.78	13.26	5.79	-1.74	19.08
Levered Free Cash Flow	-201.41	31.44	-2.17	-59.38	81.85
Unlevered Free Cash Flow	-200.81	31.47	-1.32	-59.25	82.56
Change in Working Capital	-91.62	3.5	19.26	-68.19	7.52

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