SHA:688334 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	276.8	228.67	189.34	130.36	81.56
Depreciation & Amortization	134.07	131.52	128.93	120.1	110.58
Other Amortization	-	4.3	-	-	-
Loss (Gain) From Sale of Assets	0.29	-0.17	0.01	-0.09	0.19
Asset Writedown & Restructuring Costs	-6.29	0.63	0.74	1.14	1.53
Loss (Gain) From Sale of Investments	-29	-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	-1.64	26.48	27.76	0.68	-10.67
Change in Accounts Receivable	-8.27	50.07	-55.34	-5.44	18.64
Change in Inventory	-12.88	0.89	22.35	-3.94	23.2
Change in Accounts Payable	128.97	88.59	30.78	-35.82	-104.41
Operating Cash Flow	480.4	482.48	312.61	196.63	153.79
Operating Cash Flow Growth	-0.43%	54.34%	58.98%	27.85%	13.41%
Capital Expenditures	-131.91	-143.25	-83.94	-79.07	-58.86
Sale of Property, Plant & Equipment	0.44	0.04	-	0.21	6.94
Cash Acquisitions	-	-	0.4	-	-
Investment in Securities	50.6	1,344	-	-267.6	-400
Other Investing Activities	-471.99	-822.16	-727.58	-	7.97
Investing Cash Flow	-552.86	378.64	-811.12	-346.46	-443.95
Long-Term Debt Issued	35.09	-	-	-	-
Long-Term Debt Repaid	-3.8	-9.12	-8.09	-7.36	-3.8
Net Debt Issued (Repaid)	31.29	-9.12	-8.09	-7.36	-3.8
Issuance of Common Stock	-	-	1,074	-	698.11
Common Dividends Paid	-150.06	-131.59	-109.43	-10.29	-133.08
Other Financing Activities	28.8	-452.68	-12.06	-	-3.82
Financing Cash Flow	-89.97	-593.39	944.01	-17.66	557.41
Net Cash Flow	-162.43	267.73	445.49	-167.48	267.26
Free Cash Flow	348.49	339.24	228.67	117.56	94.94
Free Cash Flow Growth	2.73%	48.35%	94.51%	23.83%	43.32%
Free Cash Flow Margin	40.15%	42.49%	30.28%	22.56%	21.23%
Free Cash Flow Per Share	1.10	1.07	0.82	0.49	0.60
Cash Income Tax Paid	84.34	41.37	39.81	39.6	31.26
Levered Free Cash Flow	-517.62	296.66	191.8	62.76	-7.02
Unlevered Free Cash Flow	-517.62	296.79	191.96	63.31	-6.81
Change in Working Capital	106.19	138.43	-5.75	-40.12	-33.74

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