SHA:688329 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	-21.7	29.52	101.99	95.59
Depreciation & Amortization	28.89	18.84	19.01	18.24
Other Amortization	2.1	1.49	2.11	1.59
Loss (Gain) From Sale of Assets	0.09	1.13	0.12	0
Asset Writedown & Restructuring Costs	2.04	4.88	0	0.02
Loss (Gain) From Sale of Investments	3.19	2.98	-2.98	-1.92
Provision & Write-off of Bad Debts	17.68	14.52	15.98	13
Other Operating Activities	4.4	6.47	7.08	1.23
Change in Accounts Receivable	43.4	-9.09	-192.69	-92.38
Change in Inventory	-4.05	-19.06	11.07	-12.64
Change in Accounts Payable	28.77	38.18	143.11	19.36
Change in Other Net Operating Assets	-2.81	2.69	-	-
Operating Cash Flow	99.47	89.81	102.72	39.75
Operating Cash Flow Growth	10.75%	-12.57%	158.40%	-66.09%
Capital Expenditures	-38.73	-72.73	-101.4	-84.83
Sale of Property, Plant & Equipment	1.09	0.24	0.26	0.07
Cash Acquisitions	0.72	-	-	-
Divestitures	-	-1.92	-0.34	-
Investment in Securities	-2.88	-88.63	13.01	-165.18
Other Investing Activities	3.05	1.19	-	-
Investing Cash Flow	-36.74	-161.85	-88.48	-249.95
Long-Term Debt Issued	227.7	190	206.32	10.02
Long-Term Debt Repaid	-256.7	-134.38	-93.11	-65.09
Net Debt Issued (Repaid)	-29	55.62	113.21	-55.07
Issuance of Common Stock	-	0.32	-	294.94
Repurchase of Common Stock	-8.88	-34.54	-27.29	-
Common Dividends Paid	-17.97	-43.47	-41.68	-26.14
Other Financing Activities	11.49	-	5.82	-15.12
Financing Cash Flow	-44.36	-22.08	50.06	198.62
Foreign Exchange Rate Adjustments	-	-0.07	-0.72	-0.01
Net Cash Flow	18.36	-94.19	63.58	-11.59
Free Cash Flow	60.74	17.08	1.31	-45.08
Free Cash Flow Growth	255.56%	1199.58%	-	-
Free Cash Flow Margin	18.67%	4.70%	0.27%	-11.58%
Free Cash Flow Per Share	0.81	0.23	0.02	-0.62
Cash Income Tax Paid	16.52	34.11	35.42	20.95
Levered Free Cash Flow	24.97	-25.87	-71.76	-44.44
Unlevered Free Cash Flow	28.87	-21.73	-69.3	-42.69
Change in Working Capital	62.79	9.98	-40.6	-87.99

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