SHA:688363 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	174.27	592.56	970.92	782.33
Depreciation & Amortization	293.87	264.65	213.61	154.33
Other Amortization	36.31	27.74	15.04	6.96
Loss (Gain) From Sale of Assets	0.12	3.42	0.49	-0.04
Asset Writedown & Restructuring Costs	74.95	1.87	0.28	33.73
Loss (Gain) From Sale of Investments	11.48	17.41	-11.77	-28.04
Provision & Write-off of Bad Debts	26.01	7.6	15.36	5.78
Other Operating Activities	85.03	30.02	-1.72	-1.65
Change in Accounts Receivable	-86.55	54.48	-98.43	-36.27
Change in Inventory	-141.49	13.88	-437.82	-218.53
Change in Accounts Payable	98.06	-321.54	-72.85	613.39
Change in Other Net Operating Assets	11.54	42.5	103.85	114.25
Operating Cash Flow	564.51	699.65	635.19	1,276
Operating Cash Flow Growth	-19.32%	10.15%	-50.22%	80.97%
Capital Expenditures	-721.39	-1,030	-696.41	-784.21
Sale of Property, Plant & Equipment	0.21	0	1.24	0.01
Cash Acquisitions	-	-	-155.15	-138.09
Divestitures	-	-	0.12	-
Investment in Securities	227.02	403.67	-11.17	-100.1
Other Investing Activities	32.79	13.78	25.15	32.53
Investing Cash Flow	-461.37	-612.88	-836.22	-989.86
Long-Term Debt Issued	149.9	-	137.83	174
Total Debt Issued	149.9	-	137.83	174
Long-Term Debt Repaid	-160.4	-173.91	-84.62	-54.32
Total Debt Repaid	-160.4	-173.91	-84.62	-54.32
Net Debt Issued (Repaid)	-10.51	-173.91	53.21	119.68
Issuance of Common Stock	-	51.72	84.21	-
Repurchase of Common Stock	-114.08	-105.89	-	-
Common Dividends Paid	-185.93	-305.48	-242.86	-201.01
Other Financing Activities	-	6	-64.71	9.98
Financing Cash Flow	-310.52	-527.57	-170.16	-71.36
Foreign Exchange Rate Adjustments	7.81	10.56	29.56	-19.85
Net Cash Flow	-199.57	-430.24	-341.63	194.99
Free Cash Flow	-156.88	-330.68	-61.22	491.85
Free Cash Flow Margin	-2.92%	-5.44%	-0.96%	9.94%
Free Cash Flow Per Share	-0.32	-0.69	-0.13	1.02
Cash Income Tax Paid	480.27	550.54	770.79	539.9
Levered Free Cash Flow	-285.68	-624.83	-240.37	940.17
Unlevered Free Cash Flow	-279.95	-618.13	-231.29	947.09
Change in Working Capital	-137.54	-245.63	-567.02	322.66

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