SHA:688357 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	98.52	74.76	153.03	197.86	275.41
Depreciation & Amortization	78.98	71.5	59.57	44.99	32.44
Other Amortization	0.39	0.25	0.31	0.26	0.53
Loss (Gain) From Sale of Assets	1.31	0.05	1.8	-32.65	-0.2
Asset Writedown & Restructuring Costs	0.43	0	0.4	2.81	-0.07
Loss (Gain) From Sale of Investments	-5.19	-14.9	-19.6	-10.9	-10.45
Provision & Write-off of Bad Debts	-	0.28	0.47	0.16	0.25
Other Operating Activities	7.64	-0.54	-1.65	1.41	0.22
Change in Accounts Receivable	-58.84	56.89	6.57	-84.74	-52.48
Change in Inventory	9.03	67.37	-62.47	-184.32	-50.39
Change in Accounts Payable	-15.01	-142.7	-246.01	13.88	160.99
Change in Other Net Operating Assets	4.59	4.38	5.89	14.84	20.08
Operating Cash Flow	115.21	118.89	-97.84	-32.59	387.78
Operating Cash Flow Growth	-3.10%	-	-	-	204.52%
Capital Expenditures	-39.18	-134.08	-108.4	-218.18	-286.39
Sale of Property, Plant & Equipment	12.56	0.97	4.55	34.58	0.31
Investment in Securities	86.4	-316	-25.7	124.48	-80.25
Other Investing Activities	15.44	18.3	21.72	-	10.84
Investing Cash Flow	75.22	-430.81	-107.83	-59.13	-355.49
Long-Term Debt Issued	52	37	747.07	19.85	-
Total Debt Issued	52	37	747.07	19.85	-
Long-Term Debt Repaid	-78.55	-38.03	-21.13	-0.77	-30.11
Total Debt Repaid	-78.55	-38.03	-21.13	-0.77	-30.11
Net Debt Issued (Repaid)	-26.55	-1.03	725.94	19.08	-30.11
Issuance of Common Stock	-	-	2.39	195	4.22
Common Dividends Paid	-25.39	-64.06	-60.8	-89.28	-40.62
Dividends Paid	-25.39	-64.06	-60.8	-89.28	-40.62
Other Financing Activities	-1.8	-	-2.26	-0.69	-
Financing Cash Flow	-53.74	-65.09	665.26	124.11	-66.51
Foreign Exchange Rate Adjustments	-2.57	2.93	1.05	3.67	-4.42
Net Cash Flow	134.12	-374.07	460.64	36.07	-38.65
Free Cash Flow	76.03	-15.18	-206.24	-250.77	101.39
Free Cash Flow Growth	-	-	-	-	221.42%
Free Cash Flow Margin	9.04%	-1.95%	-21.21%	-29.37%	11.55%
Free Cash Flow Per Share	0.69	-0.14	-1.95	-2.52	1.04
Cash Income Tax Paid	42.25	17.1	15.02	21.35	64.45
Levered Free Cash Flow	90.4	-34.84	-23.11	-185.79	96.22
Unlevered Free Cash Flow	90.4	-33.36	-22.45	-185.19	96.36
Change in Working Capital	-66.88	-12.51	-292.17	-236.52	89.65

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