SHA:688333 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	213.67	104.44	110.24	79.5	-53.31	86.7
Depreciation & Amortization	123.94	123.94	116.48	74.57	42.53	35.92
Other Amortization	6.65	6.65	4.93	1.22	1.24	0.09
Loss (Gain) From Sale of Assets	-0.16	-0.16	-0.07	-0.22	-	0.25
Asset Writedown & Restructuring Costs	0.16	0.16	0.18	-	0.01	0
Loss (Gain) From Sale of Investments	-52.53	-52.53	-4	-0.83	-2.63	-10.95
Provision & Write-off of Bad Debts	23.99	23.99	15.89	15.73	3.28	5.02
Other Operating Activities	-33.33	48.77	54.08	31.7	14.06	10.8
Change in Accounts Receivable	-208.94	-208.94	-290.08	-329.34	-138.24	-104.37
Change in Inventory	-285.25	-285.25	-29.61	-162.82	-199.81	-91.7
Change in Accounts Payable	562.89	562.89	-178.17	43.11	213.13	147.47
Change in Other Net Operating Assets	39.89	39.89	78.07	162.54	172.69	14.55
Operating Cash Flow	373.29	346.16	-130.64	-107.52	27.5	91.07
Operating Cash Flow Growth	-	-	-	-	-69.81%	107.25%
Capital Expenditures	-1,628	-1,489	-270.84	-170.06	-318.8	-283.97
Sale of Property, Plant & Equipment	0.16	0.02	-	0.44	-	-
Investment in Securities	13,042	13,042	30	-30	137.5	290
Other Investing Activities	-12,871	-13,999	0.07	-	3.05	17.4
Investing Cash Flow	-1,481	-2,446	-240.77	-199.62	-178.26	23.43
Long-Term Debt Issued	-	949.57	866.98	489.64	127.78	24.41
Long-Term Debt Repaid	-	-719.68	-563.81	-104.53	-47.12	-62.55
Net Debt Issued (Repaid)	712.55	229.89	303.17	385.11	80.66	-38.14
Issuance of Common Stock	17.94	18.56	3,013	15.62	15.83	-
Repurchase of Common Stock	-62.66	-62.66	-	-	-	-
Common Dividends Paid	-55.84	-46.28	-33.13	-10.96	-15.28	-13.17
Other Financing Activities	-55.18	-21.47	-12.87	-	-	-9.3
Financing Cash Flow	556.81	118.05	3,270	389.78	81.21	-60.6
Foreign Exchange Rate Adjustments	0.59	-1.25	0.32	0.22	-1.34	-0.22
Net Cash Flow	-550.47	-1,983	2,899	82.85	-70.9	53.68
Free Cash Flow	-1,254	-1,143	-401.48	-277.58	-291.3	-192.9
Free Cash Flow Margin	-74.05%	-86.25%	-34.84%	-30.23%	-52.77%	-46.80%
Free Cash Flow Per Share	-4.61	-4.18	-2.48	-1.21	-1.33	-0.88
Cash Income Tax Paid	5.55	47.91	49.62	3.36	-6.2	12.68
Levered Free Cash Flow	-1,652	-1,281	-331.61	-56.13	-202.67	-299.08
Unlevered Free Cash Flow	-1,638	-1,270	-316.16	-48.15	-198.79	-295.51
Change in Working Capital	90.89	90.89	-428.36	-309.18	22.32	-36.76

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.