SHA:688372 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	128.23	118	243.63	132.18
Depreciation & Amortization	332.4	226.33	149.8	86.48
Other Amortization	9.9	8.78	7.98	3.33
Loss (Gain) From Sale of Assets	-0.86	-1.85	-0.85	-0.2
Asset Writedown & Restructuring Costs	-	-	-	-0
Loss (Gain) From Sale of Investments	-3.07	-14.19	-0.9	-0.23
Stock-Based Compensation	54.73	34.64	-	-
Provision & Write-off of Bad Debts	2.35	4.28	3.98	3.49
Other Operating Activities	36.92	42.09	41.77	18.71
Change in Accounts Receivable	-38.35	-103.29	-94.48	-85.1
Change in Inventory	-5.81	0.49	1.16	-2.71
Change in Accounts Payable	113.49	160.98	147.46	97.22
Operating Cash Flow	621.81	462.55	499.74	252.32
Operating Cash Flow Growth	34.43%	-7.44%	98.06%	234.43%
Capital Expenditures	-1,483	-1,222	-802.42	-673.95
Sale of Property, Plant & Equipment	4.72	2.15	10.13	2.24
Investment in Securities	59.95	515	-710	29.99
Other Investing Activities	-3.32	19.2	33.63	0.23
Investing Cash Flow	-1,421	-685.21	-1,469	-641.49
Long-Term Debt Issued	1,336	267.67	698.82	414.32
Long-Term Debt Repaid	-369.5	-336.02	-442.36	-178.64
Net Debt Issued (Repaid)	966.56	-68.35	256.46	235.68
Issuance of Common Stock	13.73	-	1,341	200
Common Dividends Paid	-69.73	-104.27	-21.56	-8.79
Other Financing Activities	-	-	-102.71	12.67
Financing Cash Flow	910.56	-172.62	1,473	439.56
Foreign Exchange Rate Adjustments	-0.34	-0.74	0.46	-0.53
Net Cash Flow	110.6	-396.03	504.68	49.87
Free Cash Flow	-860.97	-759.01	-302.69	-421.63
Free Cash Flow Margin	-79.95%	-103.05%	-41.29%	-85.50%
Free Cash Flow Per Share	-5.84	-5.15	-2.59	-3.94
Cash Income Tax Paid	-17.36	-37.81	-78.37	2.18
Levered Free Cash Flow	-1,023	-901.38	-609.36	-581.31
Unlevered Free Cash Flow	-999.58	-880.71	-588.52	-569.95
Change in Working Capital	61.2	44.46	54.33	8.57

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