SHA:688373 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	-342.96	-440.72	-421.12	-220.3	-226.27	-86.33
Depreciation & Amortization	14.17	14.17	14.12	15.3	12.11	0.47
Other Amortization	3.49	3.49	3.71	2.17	1.6	1.25
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0	-0.49	0.02	0
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.01
Loss (Gain) From Sale of Investments	-17.08	-17.08	-33.34	-18.49	-10.53	-2.27
Stock-Based Compensation	37.53	37.53	37.14	28.22	45.39	10.84
Provision & Write-off of Bad Debts	0.77	0.77	0.33	0.2	0.03	0.01
Other Operating Activities	42.98	12.88	9.18	7.06	5.13	4.85
Change in Accounts Receivable	-24.41	-24.41	11.47	-58.49	-14.76	-17.9
Change in Inventory	-15.42	-15.42	-15.63	-10.88	-5.58	-5.61
Change in Accounts Payable	-18.87	-18.87	66.92	28.71	11.28	-3.65
Change in Unearned Revenue	0.5	0.5	-1.85	-13	0.6	4.35
Change in Other Net Operating Assets	-	-	-	-	-	4.62
Operating Cash Flow	-319.32	-447.18	-329.08	-240.01	-180.98	-89.34
Capital Expenditures	-1.5	-0.91	-7.66	-12.18	-22.91	-0.8
Sale of Property, Plant & Equipment	0	0.03	-	1.5	-	-
Investment in Securities	368.75	495.51	305.24	-737.6	35	-380
Other Investing Activities	-15.06	20.17	37.05	14.86	10.11	2.02
Investing Cash Flow	352.19	514.8	334.63	-733.42	22.2	-378.78
Long-Term Debt Issued	-	105	60	148.75	53.25	6.6
Long-Term Debt Repaid	-	-32.34	-75.01	-84.35	-19.33	-
Net Debt Issued (Repaid)	55.12	72.66	-15.01	64.4	33.92	6.6
Issuance of Common Stock	1.98	1.98	-	981.77	5.09	665.17
Common Dividends Paid	-1.96	-	-4.6	-3.3	-0.7	-
Other Financing Activities	-6.92	-6.54	-	-14.72	-10.63	0.44
Financing Cash Flow	48.22	68.09	-19.61	1,028	27.68	672.22
Foreign Exchange Rate Adjustments	1.93	0.14	0.45	1.16	-0.2	-0.01
Net Cash Flow	83.02	135.86	-13.61	55.88	-131.3	204.1
Free Cash Flow	-320.82	-448.1	-336.74	-252.18	-203.89	-90.14
Free Cash Flow Margin	-234.70%	-343.97%	-370.96%	-523.13%	-2661.81%	-
Free Cash Flow Per Share	-0.50	-0.68	-0.51	-0.43	-0.39	-0.35
Cash Interest Paid	6.54	6.54	-	-	-	2.43
Cash Income Tax Paid	10.56	27	-9.87	-7.2	0.39	0.47
Levered Free Cash Flow	-189.28	-286.51	-172.29	-178.87	-141.67	-74.66
Unlevered Free Cash Flow	-182.02	-279.54	-165.95	-173.36	-138.4	-73.14
Change in Working Capital	-58.2	-58.2	60.9	-53.67	-8.47	-18.19

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.