SHA:688332 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	300.1	251.69	140.9	229.36
Depreciation & Amortization	6.02	15.43	15.19	5.88
Other Amortization	9.9	0.7	0.57	0.22
Loss (Gain) From Sale of Assets	-0.24	-0.02	-	-
Asset Writedown & Restructuring Costs	0	0.01	0.01	5.07
Loss (Gain) From Sale of Investments	-55.95	-56.3	-20.72	-10.09
Provision & Write-off of Bad Debts	0.63	0.09	2.57	0.12
Other Operating Activities	13.74	-2.88	-7.87	0.76
Change in Accounts Receivable	-14.16	-23.45	-47.64	-4.53
Change in Inventory	158.12	-335.26	56.03	-340.05
Change in Accounts Payable	6.86	24.56	75.82	-10.37
Change in Other Net Operating Assets	14.56	19.91	8.94	13.42
Operating Cash Flow	428.1	-105.62	223.79	-110.2
Capital Expenditures	-16.25	-11.48	-13.07	-6.31
Sale of Property, Plant & Equipment	0.32	-	-	-
Investment in Securities	314.87	1,718	-1,764	-66.36
Other Investing Activities	-1,426	-1,115	-851.31	9.81
Investing Cash Flow	-1,128	591.27	-2,628	-62.86
Short-Term Debt Issued	473.69	997.17	-	-
Long-Term Debt Issued	-	-	-	40
Total Debt Issued	473.69	997.17	-	40
Short-Term Debt Repaid	-971.97	-147.52	-	-
Long-Term Debt Repaid	-3.23	-5.89	-5.49	-49.9
Total Debt Repaid	-975.2	-153.41	-5.49	-49.9
Net Debt Issued (Repaid)	-501.52	843.75	-5.49	-9.9
Issuance of Common Stock	8.73	9.77	2,621	-
Common Dividends Paid	-118.9	-62.66	-66	-40.89
Other Financing Activities	2.54	-	-39.31	-5.89
Financing Cash Flow	-609.14	790.86	2,510	-56.68
Net Cash Flow	-1,309	1,277	105.95	-229.75
Free Cash Flow	411.85	-117.1	210.72	-116.51
Free Cash Flow Margin	22.64%	-8.09%	19.51%	-10.37%
Free Cash Flow Per Share	3.42	-0.97	2.05	-1.29
Cash Income Tax Paid	35.27	14.1	4.53	19.02
Levered Free Cash Flow	320.22	-220.2	164.35	-203.46
Unlevered Free Cash Flow	332.15	-214.23	164.62	-202.99
Change in Working Capital	153.91	-314.34	93.14	-341.53

Source: S&P Global Market Intelligence. Standard template. Financial Sources.