SHA:688336 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,974	2,899	704.58	294.61	49.3	18.06
Depreciation & Amortization	123.47	123.47	127.97	96.08	122.41	135.46
Other Amortization	0.36	0.36	-	-	-	-
Loss (Gain) From Sale of Assets	1.09	1.09	-0.12	-56.39	0.94	12.98
Loss (Gain) From Sale of Investments	-99.77	-99.77	-411.59	-3	-19.98	-20.93
Stock-Based Compensation	26.46	26.46	6.97	-6.28	2.54	11.42
Provision & Write-off of Bad Debts	-0.26	-0.26	-0.23	-6.79	5.49	1.22
Other Operating Activities	-401.87	-74.03	-77.49	-35.91	3.68	-20.61
Change in Accounts Receivable	23.78	23.78	-60.93	15.4	107.1	-258.94
Change in Inventory	-30.46	-30.46	-35.01	33.36	-	-
Change in Accounts Payable	186.34	186.34	17.83	63.46	9.24	-67.49
Change in Unearned Revenue	-15.64	-15.64	-7.09	-5.46	-10.49	-18.83
Operating Cash Flow	2,791	3,043	281.14	416.35	233.49	-243.79
Operating Cash Flow Growth	899.80%	982.55%	-32.48%	78.32%	-	-
Capital Expenditures	-263.32	-252.95	-280.78	-235.75	-221.26	-263.82
Sale of Property, Plant & Equipment	-	-	0.69	100.45	0.4	0.38
Investment in Securities	-2,866	-3,058	-953.98	-366.5	-725.89	214
Other Investing Activities	207.32	147.07	483.93	22.37	30.06	30.94
Investing Cash Flow	-2,922	-3,164	-750.14	-479.42	-916.69	-18.5
Short-Term Debt Issued	-	-	50	50	150	-
Total Debt Issued	-	-	50	50	150	-
Short-Term Debt Repaid	-	-50	-50	-150	-	-
Total Debt Repaid	-50	-50	-50	-150	-	-
Net Debt Issued (Repaid)	-50	-50	-	-100	150	-
Issuance of Common Stock	15.39	15.39	-	-	2.3	-
Common Dividends Paid	-76.17	-76.46	-52.37	-1.47	-1.22	-
Financing Cash Flow	-110.78	-111.07	-52.37	-101.47	151.08	-
Foreign Exchange Rate Adjustments	3.2	4.67	0.28	2.27	1.47	-0.17
Net Cash Flow	-238.47	-226.53	-521.1	-162.27	-530.66	-262.47
Free Cash Flow	2,527	2,791	0.35	180.61	12.23	-507.61
Free Cash Flow Growth	16578.80%	787511.40%	-99.80%	1376.67%	-	-
Free Cash Flow Margin	58.52%	66.45%	0.03%	17.81%	1.48%	-54.65%
Free Cash Flow Per Share	4.07	4.50	0.00	0.29	0.02	-0.84
Cash Income Tax Paid	212.58	44.26	43.1	29.24	24.57	21.75
Levered Free Cash Flow	-630.4	1,979	-66.63	46.51	-14.48	-394.76
Unlevered Free Cash Flow	-630.22	1,979	-65.9	47.38	-13.66	-394.76
Change in Working Capital	166.83	166.83	-68.94	134.03	69.1	-381.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.