SHA:688333 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	Jan '22 Jan 1, 2022
Net Income	104.44	110.24	79.5	-53.31
Depreciation & Amortization	123.94	116.48	74.57	42.53
Other Amortization	6.65	4.93	1.22	1.24
Loss (Gain) From Sale of Assets	-0.16	-0.07	-0.22	-
Asset Writedown & Restructuring Costs	0.16	0.18	-	0.01
Loss (Gain) From Sale of Investments	-52.53	-4	-0.83	-2.63
Provision & Write-off of Bad Debts	23.99	15.89	15.73	3.28
Other Operating Activities	48.77	54.08	31.7	14.06
Change in Accounts Receivable	-208.94	-290.08	-329.34	-138.24
Change in Inventory	-285.25	-29.61	-162.82	-199.81
Change in Accounts Payable	562.89	-178.17	43.11	213.13
Change in Other Net Operating Assets	39.89	78.07	162.54	172.69
Operating Cash Flow	346.16	-130.64	-107.52	27.5
Operating Cash Flow Growth	-	-	-	-69.81%
Capital Expenditures	-1,489	-270.84	-170.06	-318.8
Sale of Property, Plant & Equipment	0.02	-	0.44	-
Investment in Securities	13,042	30	-30	137.5
Other Investing Activities	-13,999	0.07	-	3.05
Investing Cash Flow	-2,446	-240.77	-199.62	-178.26
Long-Term Debt Issued	949.57	866.98	489.64	127.78
Long-Term Debt Repaid	-719.68	-563.81	-104.53	-47.12
Net Debt Issued (Repaid)	229.89	303.17	385.11	80.66
Issuance of Common Stock	18.56	3,013	15.62	15.83
Repurchase of Common Stock	-62.66	-	-	-
Common Dividends Paid	-46.28	-33.13	-10.96	-15.28
Other Financing Activities	-21.47	-12.87	-	-
Financing Cash Flow	118.05	3,270	389.78	81.21
Foreign Exchange Rate Adjustments	-1.25	0.32	0.22	-1.34
Net Cash Flow	-1,983	2,899	82.85	-70.9
Free Cash Flow	-1,143	-401.48	-277.58	-291.3
Free Cash Flow Margin	-86.25%	-34.84%	-30.23%	-52.77%
Free Cash Flow Per Share	-4.18	-2.48	-1.21	-1.33
Cash Income Tax Paid	47.91	49.62	3.36	-6.2
Levered Free Cash Flow	-1,281	-331.61	-56.13	-202.67
Unlevered Free Cash Flow	-1,270	-316.16	-48.15	-198.79
Change in Working Capital	90.89	-428.36	-309.18	22.32

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