SHA:688358 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	120.91	116.5	140.51	146.48	105.84	112.47
Depreciation & Amortization	13.6	13.6	14.78	14.26	13.03	9.89
Other Amortization	0.89	0.89	0.26	0.04	0.13	0.24
Loss (Gain) From Sale of Assets	-4.53	-4.53	-4.61	-3.02	0.5	-30.25
Asset Writedown & Restructuring Costs	-	-	-	0.06	0.51	1.58
Loss (Gain) From Sale of Investments	-3.43	-3.43	-6.29	-11.17	-15	-17.53
Provision & Write-off of Bad Debts	1.47	1.47	1.7	3.58	-1.4	0.74
Other Operating Activities	-26.24	16.11	-16.92	-19.06	-15.19	6.22
Change in Accounts Receivable	-35.68	-35.68	-1.01	-78.87	37.02	-1.55
Change in Inventory	-7.03	-7.03	5.65	56.08	-100.41	-16.76
Change in Accounts Payable	12.05	12.05	7.83	-20.33	41.92	-25.33
Change in Other Net Operating Assets	-0.06	-0.06	-2.03	-2.92	-0.82	1.37
Operating Cash Flow	69.23	107.17	140.68	85.91	63.74	39.96
Operating Cash Flow Growth	-48.86%	-23.82%	63.76%	34.78%	59.51%	-51.53%
Capital Expenditures	-15.19	-14.41	-8.85	-34.01	-52.21	-39.19
Sale of Property, Plant & Equipment	4.37	5.57	5.01	3.71	0.09	21.17
Investment in Securities	178.47	57.16	535.7	-236.03	-	165
Other Investing Activities	8.09	9.5	23.68	25.15	6.69	17.1
Investing Cash Flow	175.74	57.82	555.53	-241.18	-45.43	164.09
Long-Term Debt Repaid	-	-4.4	-4.3	-0.95	-0.93	-0.61
Net Debt Issued (Repaid)	-4.4	-4.4	-4.3	-0.95	-0.93	-0.61
Issuance of Common Stock	3.74	3.74	-	-	2.02	-
Repurchase of Common Stock	-	-	-	-10.1	-	-
Common Dividends Paid	-145.51	-111.87	-89.5	-78.49	-40	-64
Other Financing Activities	0.71	-	-	-	-	-
Financing Cash Flow	-145.46	-112.54	-93.8	-89.53	-38.91	-64.61
Foreign Exchange Rate Adjustments	-43.06	-30.54	12.24	9.34	21.59	-2.99
Net Cash Flow	56.44	21.91	614.64	-235.47	0.99	136.45
Free Cash Flow	54.04	92.76	131.83	51.9	11.53	0.78
Free Cash Flow Growth	-57.38%	-29.64%	154.02%	350.04%	1386.91%	-98.50%
Free Cash Flow Margin	12.41%	21.29%	28.13%	10.73%	3.03%	0.19%
Free Cash Flow Per Share	0.48	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	-27.58	53.66	105.05	-2.85	-16.31	5.74
Unlevered Free Cash Flow	-27.39	53.86	105.28	-2.63	-16.24	5.78
Change in Working Capital	-33.45	-33.45	11.26	-45.26	-24.68	-43.4

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