SHA:688334 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	228.67	189.34	130.36	81.56
Depreciation & Amortization	131.52	128.93	120.1	110.58
Other Amortization	4.3	-	-	-
Loss (Gain) From Sale of Assets	-0.17	0.01	-0.09	0.19
Asset Writedown & Restructuring Costs	0.63	0.74	1.14	1.53
Loss (Gain) From Sale of Investments	-46.14	-31.42	-15.32	4.02
Provision & Write-off of Bad Debts	-1.24	3.01	-0.12	0.32
Other Operating Activities	26.48	27.76	0.68	-10.67
Change in Accounts Receivable	50.07	-55.34	-5.44	18.64
Change in Inventory	0.89	22.35	-3.94	23.2
Change in Accounts Payable	88.59	30.78	-35.82	-104.41
Operating Cash Flow	482.48	312.61	196.63	153.79
Operating Cash Flow Growth	54.34%	58.98%	27.85%	13.41%
Capital Expenditures	-143.25	-83.94	-79.07	-58.86
Sale of Property, Plant & Equipment	0.04	-	0.21	6.94
Cash Acquisitions	-	0.4	-	-
Investment in Securities	1,344	-	-267.6	-400
Other Investing Activities	-822.16	-727.58	-	7.97
Investing Cash Flow	378.64	-811.12	-346.46	-443.95
Long-Term Debt Repaid	-9.12	-8.09	-7.36	-3.8
Net Debt Issued (Repaid)	-9.12	-8.09	-7.36	-3.8
Issuance of Common Stock	-	1,074	-	698.11
Common Dividends Paid	-131.59	-109.43	-10.29	-133.08
Other Financing Activities	-452.68	-12.06	-	-3.82
Financing Cash Flow	-593.39	944.01	-17.66	557.41
Net Cash Flow	267.73	445.49	-167.48	267.26
Free Cash Flow	339.24	228.67	117.56	94.94
Free Cash Flow Growth	48.35%	94.51%	23.83%	43.32%
Free Cash Flow Margin	42.49%	30.28%	22.56%	21.23%
Free Cash Flow Per Share	1.07	0.82	0.49	0.60
Cash Income Tax Paid	41.37	39.81	39.6	31.26
Levered Free Cash Flow	296.66	191.8	62.76	-7.02
Unlevered Free Cash Flow	296.79	191.96	63.31	-6.81
Change in Working Capital	138.43	-5.75	-40.12	-33.74

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