SHA:688343 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	-579.05	-383.12	-447.11	-389.79
Depreciation & Amortization	148.03	56.95	30.84	22.12
Other Amortization	3.88	4.72	8.86	13.23
Loss (Gain) From Sale of Assets	-0.07	0.05	-0.09	-0.01
Asset Writedown & Restructuring Costs	0.03	-	3.07	11.7
Loss (Gain) From Sale of Investments	-33.63	-41.68	-18.44	-14.65
Provision & Write-off of Bad Debts	61.25	25.01	42.63	-
Other Operating Activities	23.01	3.11	2.6	2.76
Change in Accounts Receivable	47.06	-193.86	-216.7	-78.32
Change in Inventory	-100.85	-72.93	-8.88	62.85
Change in Accounts Payable	-49.07	-25.13	57.48	-7.52
Change in Other Net Operating Assets	189.52	86.66	134.97	201.38
Operating Cash Flow	-294.52	-541.01	-410.75	-176.24
Capital Expenditures	-1,563	-438.58	-45.12	-34.19
Sale of Property, Plant & Equipment	0.06	0	0.07	0.06
Divestitures	-36.56	-	-	-
Investment in Securities	2,108	-2,424	55.87	-157.37
Other Investing Activities	92.25	-	11.88	13.38
Investing Cash Flow	600.98	-2,863	22.7	-178.12
Long-Term Debt Issued	147.2	-	150	1.25
Long-Term Debt Repaid	-24.83	-17.04	-177.62	-77.63
Net Debt Issued (Repaid)	122.37	-17.04	-27.62	-76.38
Issuance of Common Stock	-	3,602	-	-
Repurchase of Common Stock	-39.46	-	-	-
Common Dividends Paid	-4.15	-0.43	-3.3	-1.39
Other Financing Activities	-	-32.27	-2.05	-15.7
Financing Cash Flow	78.76	3,552	-32.97	-93.47
Foreign Exchange Rate Adjustments	0.11	0.06	0.39	-0.1
Net Cash Flow	385.33	148.44	-420.63	-447.93
Free Cash Flow	-1,857	-979.59	-455.87	-210.43
Free Cash Flow Margin	-202.46%	-193.59%	-83.46%	-37.20%
Free Cash Flow Per Share	-5.23	-2.94	-1.71	-0.79
Cash Income Tax Paid	13.97	1.37	5.75	6.83
Levered Free Cash Flow	-1,979	-831.99	-381.09	-8.87
Unlevered Free Cash Flow	-1,976	-831.68	-379.06	-7.06
Change in Working Capital	82.03	-206.05	-33.1	178.41

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