SHA:688328 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	-105.7	-115.68	-35.84	55.74
Depreciation & Amortization	20.87	26.84	16.93	11.37
Other Amortization	2.65	2.47	1.67	2.76
Loss (Gain) From Sale of Assets	-0.05	0.02	-1.1	0
Asset Writedown & Restructuring Costs	16.27	0.69	0.03	0.06
Loss (Gain) From Sale of Investments	-4.82	-3.19	0.2	0.07
Provision & Write-off of Bad Debts	23.68	13.68	11.09	8.87
Other Operating Activities	50.89	54.15	24.26	26.44
Change in Accounts Receivable	-1.87	66.81	48.16	-236.63
Change in Inventory	-114.38	-15.37	-13.43	16.97
Change in Accounts Payable	121.68	-113.46	-13.72	35.06
Change in Other Net Operating Assets	-	-	-	0.5
Operating Cash Flow	9.55	-101.67	20.25	-83.74
Capital Expenditures	-6.65	-20.14	-217.14	-153.23
Sale of Property, Plant & Equipment	0.55	0.19	0.39	0
Investment in Securities	107.18	-89.29	-84.75	-5.2
Other Investing Activities	4.14	3.38	2.43	0.27
Investing Cash Flow	105.21	-105.86	-299.08	-158.16
Short-Term Debt Issued	193.59	209.85	535.87	-
Long-Term Debt Issued	-	-	-	122.55
Total Debt Issued	193.59	209.85	535.87	122.55
Long-Term Debt Repaid	-191.93	-166.48	-157.23	-107.2
Total Debt Repaid	-191.93	-166.48	-157.23	-107.2
Net Debt Issued (Repaid)	1.65	43.37	378.63	15.35
Issuance of Common Stock	-	0.37	-	298.08
Common Dividends Paid	-20.39	-6.81	-24.71	-29.36
Dividends Paid	-20.39	-6.81	-24.71	-29.36
Other Financing Activities	-54.5	5.62	1.54	-10.33
Financing Cash Flow	-73.23	42.55	355.47	273.74
Foreign Exchange Rate Adjustments	0.29	0.41	0.16	-0.43
Net Cash Flow	41.83	-164.57	76.8	31.41
Free Cash Flow	2.9	-121.8	-196.9	-236.97
Free Cash Flow Margin	0.57%	-21.82%	-33.44%	-26.02%
Free Cash Flow Per Share	0.03	-1.51	-2.42	-3.10
Cash Income Tax Paid	40.82	27.68	-2.14	22.09
Levered Free Cash Flow	46.15	-103.53	-237.41	-231.31
Unlevered Free Cash Flow	50.45	-89.74	-228.95	-228.04
Change in Working Capital	5.76	-80.66	3.01	-189.06

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