SHA:688387 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	-278.64	-357.31	-673.97	-1,184
Depreciation & Amortization	146.95	138.43	197.66	204.93
Other Amortization	24.1	3.46	4.79	4.81
Loss (Gain) From Sale of Assets	-1.14	-0.63	-0.25	-0.68
Asset Writedown & Restructuring Costs	0.92	3.88	0.67	103.63
Loss (Gain) From Sale of Investments	-42.43	-44.41	-38.04	-25.35
Provision & Write-off of Bad Debts	78.71	93.08	20.34	-0.59
Other Operating Activities	124.04	288.26	337	148.08
Change in Accounts Receivable	832.06	657.19	-509.07	-790.55
Change in Inventory	433.5	-114.51	-879.82	-15.2
Change in Accounts Payable	-613.12	-1,508	932.04	92.78
Operating Cash Flow	702.68	-842.45	-612.08	-1,465
Capital Expenditures	-919.03	-106.72	-83.51	-256.41
Sale of Property, Plant & Equipment	0.07	0.68	0.01	1.52
Divestitures	7.22	0	-	-
Investment in Securities	50	-100	-1,200	26.98
Other Investing Activities	29.46	49.31	34.34	0.42
Investing Cash Flow	-832.28	-156.72	-1,249	-227.49
Short-Term Debt Issued	11.96	-	-	-
Long-Term Debt Issued	250	300	1,422	1,824
Total Debt Issued	261.96	300	1,422	1,824
Short-Term Debt Repaid	-	-	-	-500
Long-Term Debt Repaid	-696.57	-761.01	-1,584	-3,445
Total Debt Repaid	-696.57	-761.01	-1,584	-3,945
Net Debt Issued (Repaid)	-434.61	-461.01	-161.35	-2,121
Issuance of Common Stock	-	-	4,038	3,675
Common Dividends Paid	-43.46	-50.72	-51.33	-113.69
Other Financing Activities	-3.03	-5	-22.65	-1.56
Financing Cash Flow	-481.1	-516.73	3,803	1,439
Foreign Exchange Rate Adjustments	13.49	7.34	10.69	-3.26
Net Cash Flow	-597.21	-1,509	1,952	-256.54
Free Cash Flow	-216.35	-949.17	-695.59	-1,721
Free Cash Flow Margin	-3.33%	-12.09%	-10.05%	-30.38%
Free Cash Flow Per Share	-0.06	-0.27	-0.24	-0.74
Cash Income Tax Paid	206.55	228.58	162.14	117.55
Levered Free Cash Flow	-154.09	-1,053	-1,091	-1,447
Unlevered Free Cash Flow	-123.56	-1,018	-1,053	-1,371
Change in Working Capital	650.18	-967.21	-460.28	-716.01

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