SHA:688334 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	263.32	228.67	189.34	130.36	81.56	65.12
Depreciation & Amortization	131.52	131.52	128.93	120.1	110.58	93.85
Other Amortization	4.3	4.3	-	-	-	-
Loss (Gain) From Sale of Assets	-0.17	-0.17	0.01	-0.09	0.19	-0.07
Asset Writedown & Restructuring Costs	0.63	0.63	0.74	1.14	1.53	0.1
Loss (Gain) From Sale of Investments	-46.14	-46.14	-31.42	-15.32	4.02	4.21
Provision & Write-off of Bad Debts	-1.24	-1.24	3.01	-0.12	0.32	-0.32
Other Operating Activities	32.02	26.48	27.76	0.68	-10.67	0.09
Change in Accounts Receivable	50.07	50.07	-55.34	-5.44	18.64	-32.24
Change in Inventory	0.89	0.89	22.35	-3.94	23.2	-26.98
Change in Accounts Payable	88.59	88.59	30.78	-35.82	-104.41	35.56
Operating Cash Flow	522.68	482.48	312.61	196.63	153.79	135.61
Operating Cash Flow Growth	33.81%	54.34%	58.98%	27.85%	13.41%	2.93%
Capital Expenditures	-178.98	-143.25	-83.94	-79.07	-58.86	-69.37
Sale of Property, Plant & Equipment	0.44	0.04	-	0.21	6.94	0.35
Cash Acquisitions	-	-	0.4	-	-	-
Investment in Securities	1,502	1,344	-	-267.6	-400	-
Other Investing Activities	-846.44	-822.16	-727.58	-	7.97	-
Investing Cash Flow	477.29	378.64	-811.12	-346.46	-443.95	-69.01
Long-Term Debt Repaid	-	-9.12	-8.09	-7.36	-3.8	-3.8
Net Debt Issued (Repaid)	24.47	-9.12	-8.09	-7.36	-3.8	-3.8
Issuance of Common Stock	33	-	1,074	-	698.11	-
Common Dividends Paid	-199.9	-131.59	-109.43	-10.29	-133.08	-100.41
Other Financing Activities	-452.82	-452.68	-12.06	-	-3.82	-
Financing Cash Flow	-595.25	-593.39	944.01	-17.66	557.41	-104.21
Net Cash Flow	404.73	267.73	445.49	-167.48	267.26	-37.61
Free Cash Flow	343.69	339.24	228.67	117.56	94.94	66.24
Free Cash Flow Growth	19.67%	48.35%	94.51%	23.83%	43.32%	-20.59%
Free Cash Flow Margin	38.90%	42.49%	30.28%	22.56%	21.23%	19.22%
Free Cash Flow Per Share	1.09	1.07	0.82	0.49	0.60	-
Cash Income Tax Paid	77.59	41.37	39.81	39.6	31.26	23.8
Levered Free Cash Flow	142.58	296.66	191.8	62.76	-7.02	134.48
Unlevered Free Cash Flow	143.01	296.79	191.96	63.31	-6.81	134.73
Change in Working Capital	138.43	138.43	-5.75	-40.12	-33.74	-27.37

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