SHA:688358 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	116.5	140.51	146.48	105.84	112.47
Depreciation & Amortization	13.6	14.32	14.26	13.03	9.89
Other Amortization	0.89	0.71	0.04	0.13	0.24
Loss (Gain) From Sale of Assets	-4.53	-4.61	-3.02	0.5	-30.25
Asset Writedown & Restructuring Costs	4.31	-	0.06	0.51	1.58
Loss (Gain) From Sale of Investments	-3.43	-6.29	-11.17	-15	-17.53
Provision & Write-off of Bad Debts	-	1.7	3.58	-1.4	0.74
Other Operating Activities	13.26	-16.92	-19.06	-15.19	6.22
Change in Accounts Receivable	-35.68	-1.01	-78.87	37.02	-1.55
Change in Inventory	-7.03	5.65	56.08	-100.41	-16.76
Change in Accounts Payable	12.05	7.83	-20.33	41.92	-25.33
Change in Other Net Operating Assets	-0.06	-2.03	-2.92	-0.82	1.37
Operating Cash Flow	107.17	140.68	85.91	63.74	39.96
Operating Cash Flow Growth	-23.82%	63.76%	34.78%	59.51%	-51.53%
Capital Expenditures	-14.41	-8.85	-34.01	-52.21	-39.19
Sale of Property, Plant & Equipment	5.57	5.01	3.71	0.09	21.17
Investment in Securities	57.16	535.7	-236.03	-	165
Other Investing Activities	9.5	23.68	25.15	6.69	17.1
Investing Cash Flow	57.82	555.53	-241.18	-45.43	164.09
Long-Term Debt Repaid	-	-4.3	-0.95	-0.93	-0.61
Net Debt Issued (Repaid)	-	-4.3	-0.95	-0.93	-0.61
Issuance of Common Stock	3.74	-	-	2.02	-
Repurchase of Common Stock	-	-	-10.1	-	-
Common Dividends Paid	-111.87	-89.5	-78.49	-40	-64
Other Financing Activities	-4.4	-	-	-	-
Financing Cash Flow	-112.54	-93.8	-89.53	-38.91	-64.61
Foreign Exchange Rate Adjustments	-30.54	12.24	9.34	21.59	-2.99
Net Cash Flow	21.91	614.64	-235.47	0.99	136.45
Free Cash Flow	92.76	131.83	51.9	11.53	0.78
Free Cash Flow Growth	-29.64%	154.02%	350.04%	1386.91%	-98.50%
Free Cash Flow Margin	21.29%	28.13%	10.73%	3.03%	0.19%
Free Cash Flow Per Share	0.83	1.18	0.47	0.10	0.01
Cash Income Tax Paid	-7.52	-2.42	0.48	-6.43	-14.31
Levered Free Cash Flow	59.71	103.64	-2.85	-16.31	5.74
Unlevered Free Cash Flow	59.71	103.87	-2.63	-16.24	5.78
Change in Working Capital	-33.45	11.26	-45.26	-24.68	-43.4

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