SHA:688386 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	99.16	86.54	31.34	66.4
Depreciation & Amortization	36.06	34.11	29.68	25.5
Other Amortization	0.61	-	-	-
Loss (Gain) From Sale of Assets	0.14	-10.65	-0.06	-0.03
Asset Writedown & Restructuring Costs	-	0.02	45.73	2.82
Loss (Gain) From Sale of Investments	7.26	-1.73	-1.51	-3.83
Provision & Write-off of Bad Debts	2.78	-1.3	3.68	-
Other Operating Activities	10	12.79	7.45	4.4
Change in Accounts Receivable	-52.83	-39.4	-25.63	-16.68
Change in Inventory	-26.27	-10.85	-20.29	-6.92
Change in Accounts Payable	52.39	9.59	7.39	10.04
Operating Cash Flow	128.66	81.66	79.14	81.47
Operating Cash Flow Growth	57.55%	3.19%	-2.86%	102.10%
Capital Expenditures	-111.76	-73.91	-59.48	-52.4
Sale of Property, Plant & Equipment	0.01	0.13	0.07	0.06
Cash Acquisitions	-	-	-	-135.97
Divestitures	-	0.03	-	-
Investment in Securities	-57	-	-80	56.16
Other Investing Activities	2.14	-13.93	0.79	3.88
Investing Cash Flow	-166.55	-87.62	-138.36	-127.25
Short-Term Debt Issued	-	3.73	-	-
Long-Term Debt Issued	107.9	34	98.5	183
Total Debt Issued	107.9	37.73	98.5	183
Short-Term Debt Repaid	-3.73	-	-	-
Long-Term Debt Repaid	-53.33	-59.82	-101.16	-50.18
Total Debt Repaid	-57.06	-59.82	-101.16	-50.18
Net Debt Issued (Repaid)	50.84	-22.09	-2.66	132.82
Common Dividends Paid	-39.83	-39.97	-5.62	-37.87
Other Financing Activities	-	5.6	-	-
Financing Cash Flow	11.01	-56.46	-8.28	94.94
Foreign Exchange Rate Adjustments	-0.1	0.16	0.76	-0.24
Net Cash Flow	-26.98	-62.26	-66.74	48.93
Free Cash Flow	16.89	7.75	19.66	29.07
Free Cash Flow Growth	117.93%	-60.57%	-32.39%	-
Free Cash Flow Margin	3.28%	1.89%	5.39%	9.18%
Free Cash Flow Per Share	0.19	0.09	0.22	0.32
Cash Income Tax Paid	42.13	48.62	20.45	24.89
Levered Free Cash Flow	-33.09	-43.46	-25.49	12.15
Unlevered Free Cash Flow	-30.4	-40.23	-21.79	14.12
Change in Working Capital	-27.35	-38.11	-37.18	-13.78

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