SHA:688368 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	-33.05	-91.26	-205.87	677.42
Depreciation & Amortization	63.55	63.32	47.04	30.72
Other Amortization	13.2	8.37	7.4	2.33
Loss (Gain) From Sale of Assets	-0.2	-0.17	-0.02	0.46
Asset Writedown & Restructuring Costs	0.17	9.08	6	1.95
Loss (Gain) From Sale of Investments	13.27	-43.88	-71.34	-98.55
Provision & Write-off of Bad Debts	0.51	-0.05	-1.29	-0.13
Other Operating Activities	37.96	43.18	48.88	40.26
Change in Accounts Receivable	117.56	274.68	-224.01	-354.08
Change in Inventory	19.71	35.49	103.95	-236.22
Change in Accounts Payable	11.65	26.34	-181.08	304.64
Change in Other Net Operating Assets	42.7	-58.36	27.03	162.56
Operating Cash Flow	285.82	266.89	-405.55	505.23
Operating Cash Flow Growth	7.09%	-	-	-
Capital Expenditures	-16.64	-23.63	-190.11	-58.12
Sale of Property, Plant & Equipment	15.51	0.37	0.01	-
Cash Acquisitions	-	-230.22	-	-
Investment in Securities	23.04	117.3	471.75	-309.66
Other Investing Activities	-	-	12.64	41.02
Investing Cash Flow	21.9	-136.19	294.28	-326.77
Long-Term Debt Issued	267.57	280.99	712.53	225.88
Total Debt Issued	267.57	280.99	712.53	225.88
Long-Term Debt Repaid	-336.48	-432.31	-372.94	-63.47
Total Debt Repaid	-336.48	-432.31	-372.94	-63.47
Net Debt Issued (Repaid)	-68.91	-151.33	339.59	162.41
Issuance of Common Stock	-	0.71	44.33	15.27
Repurchase of Common Stock	-60	-	-	-
Common Dividends Paid	-14.67	-21.44	-267.17	-65.36
Other Financing Activities	-134.17	-10.7	-	-206.34
Financing Cash Flow	-277.74	-182.76	116.75	-94.02
Foreign Exchange Rate Adjustments	2.05	0.78	5.58	-0.46
Net Cash Flow	32.03	-51.27	11.06	83.98
Free Cash Flow	269.18	243.26	-595.67	447.11
Free Cash Flow Growth	10.66%	-	-	-
Free Cash Flow Margin	17.90%	18.67%	-55.18%	19.42%
Free Cash Flow Per Share	3.10	2.77	-6.80	4.98
Cash Income Tax Paid	25.05	33.66	31.84	176.93
Levered Free Cash Flow	138.41	1.09	-523.37	485.81
Unlevered Free Cash Flow	148.85	16.43	-510.73	492.65
Change in Working Capital	190.41	278.3	-236.35	-149.23

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