SHA:688371 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	46.86	45.11	-41.55	33.32	39.32	55.55
Depreciation & Amortization	93.29	93.29	68.77	58.77	42.3	25.44
Other Amortization	9.03	9.03	6.01	4.29	4.27	3.03
Loss (Gain) From Sale of Assets	-3.14	-3.14	0.02	-1.3	0.03	0.47
Asset Writedown & Restructuring Costs	0	0	1.29	-	10.27	1.15
Loss (Gain) From Sale of Investments	-13.62	-13.62	-33.25	-2.9	-0.01	-0.2
Provision & Write-off of Bad Debts	2.75	2.75	-0.97	-1.82	6.15	0.13
Other Operating Activities	10	-2.28	-2.22	-1.49	3.91	2.62
Change in Accounts Receivable	-33.47	-33.47	4.02	-110.5	-130.11	-9.28
Change in Inventory	-38.41	-38.41	-38	30.16	-62.18	-11.72
Change in Accounts Payable	3.74	3.74	38.56	61.16	81.86	26.89
Change in Other Net Operating Assets	-6.19	-6.19	59.66	58.33	48.99	32.25
Operating Cash Flow	66.88	52.85	46.67	120.23	40.55	133.61
Operating Cash Flow Growth	-0.61%	13.26%	-61.19%	196.49%	-69.65%	164.86%
Capital Expenditures	-51.68	-161.15	-386.98	-201.4	-267.36	-76.11
Sale of Property, Plant & Equipment	1.42	1.42	0.45	2.37	0.33	-
Investment in Securities	50.15	249.53	366.24	-1,121	-	-
Other Investing Activities	-	-	-	-	8.02	-151.82
Investing Cash Flow	-0.11	89.81	-20.3	-1,320	-259.01	-227.93
Long-Term Debt Issued	-	-	-	81.89	140.09	73
Total Debt Issued	-	-	-	81.89	140.09	73
Long-Term Debt Repaid	-	-3.51	-3.9	-208.85	-77.17	-31.44
Net Debt Issued (Repaid)	-3.51	-3.51	-3.9	-126.96	62.92	41.56
Issuance of Common Stock	-	-	-	1,465	-	292.69
Repurchase of Common Stock	-150	-150	-	-	-	-
Common Dividends Paid	-	-	-	-4.66	-3.15	-16.38
Other Financing Activities	177.02	-	-11.85	-18.39	-5.18	-0.2
Financing Cash Flow	23.51	-153.51	-15.75	1,315	54.6	317.67
Foreign Exchange Rate Adjustments	1.4	1.94	0.68	1.87	0.33	0.14
Net Cash Flow	91.69	-8.9	11.31	117.38	-163.53	223.49
Free Cash Flow	15.2	-108.29	-340.32	-81.17	-226.81	57.5
Free Cash Flow Margin	3.04%	-22.59%	-110.17%	-20.52%	-55.27%	24.17%
Free Cash Flow Per Share	0.05	-0.31	-0.98	-0.29	-0.92	0.94
Cash Income Tax Paid	25.27	29.6	2.7	33.04	7.89	12.56
Levered Free Cash Flow	47.56	-119.1	-334.89	-54.75	-205.34	27.83
Unlevered Free Cash Flow	47.65	-118.98	-334.69	-51.61	-203.02	29.29
Change in Working Capital	-78.3	-78.3	48.57	31.36	-65.68	45.42

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