SHA:688380 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	284.18	136.83	-21.95	59.34	785.05
Depreciation & Amortization	19.65	21.59	19.17	17.35	9.33
Other Amortization	24.42	23.12	29.89	13.05	9.68
Loss (Gain) From Sale of Assets	-0.4	0.11	-0.16	0.06	-0
Asset Writedown & Restructuring Costs	-65.54	-	-	-	3.73
Loss (Gain) From Sale of Investments	-42.95	-25.96	-41.99	25.53	-270.89
Provision & Write-off of Bad Debts	-	1.06	-3.19	8.55	-
Other Operating Activities	2.66	18.6	61.38	23.41	0.21
Change in Accounts Receivable	-43.51	12.64	-8.54	-258.97	-23.71
Change in Inventory	17.9	81.55	10.14	-299.78	-158.35
Change in Accounts Payable	49.45	43.08	-10.86	138.41	75.54
Operating Cash Flow	260.48	312.85	20.71	-280.04	449.29
Operating Cash Flow Growth	-16.74%	1410.38%	-	-	2502.59%
Capital Expenditures	-123.39	-31.32	-33.15	-82.91	-89.86
Sale of Property, Plant & Equipment	0	0.98	0.16	0.02	0.02
Investment in Securities	-	-975.74	48.09	-696.69	-190
Other Investing Activities	-11.87	16.8	24.86	8.37	6.85
Investing Cash Flow	-135.26	-989.27	39.96	-771.21	-272.99
Short-Term Debt Issued	-	99.25	-	-	10
Long-Term Debt Issued	199.82	-	-	-	-
Total Debt Issued	199.82	99.25	-	-	10
Short-Term Debt Repaid	-	-	-	-10	-
Long-Term Debt Repaid	-100	-9.52	-11.1	-6.33	-4.47
Total Debt Repaid	-100	-9.52	-11.1	-16.33	-4.47
Net Debt Issued (Repaid)	99.82	89.73	-11.1	-16.33	5.53
Issuance of Common Stock	-	-	-	1,840	-
Repurchase of Common Stock	-	-15.56	-14.89	-	-
Common Dividends Paid	-100.32	-99.59	-180.16	-0.02	-10.73
Other Financing Activities	-18.35	-	-	-30.54	-1.06
Financing Cash Flow	-18.84	-25.42	-206.16	1,793	-6.26
Foreign Exchange Rate Adjustments	-3.47	0.4	0.43	1.65	0.23
Net Cash Flow	102.91	-701.45	-145.05	743.61	170.27
Free Cash Flow	137.08	281.53	-12.44	-362.94	359.42
Free Cash Flow Growth	-51.31%	-	-	-	-
Free Cash Flow Margin	12.22%	30.88%	-1.74%	-56.99%	32.41%
Free Cash Flow Per Share	0.34	0.70	-0.03	-1.04	1.07
Cash Income Tax Paid	32.54	9.65	-11.32	32.56	169.91
Levered Free Cash Flow	-1,160	208.24	4.5	-457.44	218.34
Unlevered Free Cash Flow	-1,160	208.65	4.92	-456.96	218.47
Change in Working Capital	38.45	137.5	-22.42	-427.32	-87.82

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