SHA:688420 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	12.51	40.68	74.24	124.53	85.94	91.75
Depreciation & Amortization	15.27	15.27	11.1	7.17	6.51	1.37
Other Amortization	1.53	1.53	2.98	2.59	2.36	0.56
Loss (Gain) From Sale of Assets	-	-	-	-	0.14	-
Loss (Gain) From Sale of Investments	-15.58	-15.58	-11.39	0.16	0.15	-0.23
Provision & Write-off of Bad Debts	28.22	28.22	23.57	6.47	8.36	7.58
Other Operating Activities	96.75	16.12	2.51	0.42	0.78	1.64
Change in Accounts Receivable	-195.02	-195.02	-170.81	-34.27	-110.11	-87.25
Change in Inventory	-29.43	-29.43	-6.79	-36.64	-58.06	-51.19
Change in Accounts Payable	43.7	43.7	-7.87	-23.03	104.93	51.48
Change in Other Net Operating Assets	1.96	1.96	2.88	0.96	0.96	4.27
Operating Cash Flow	-49.98	-102.44	-80.74	46.73	36.35	19.78
Operating Cash Flow Growth	-	-	-	28.56%	83.77%	1262.63%
Capital Expenditures	-27.84	-36.94	-30.2	-19.24	-12.26	-9.03
Sale of Property, Plant & Equipment	-	-	-	0	0.49	0.1
Investment in Securities	-3,944	-3,941	-2,641	-	-1.28	19
Other Investing Activities	3,828	3,949	2,629	-	-	0.23
Investing Cash Flow	-144.65	-29.2	-42.16	-19.24	-13.05	10.29
Long-Term Debt Repaid	-	-3.78	-5.36	-5.3	-4.67	-
Total Debt Repaid	-3.78	-3.78	-5.36	-5.3	-4.67	-
Net Debt Issued (Repaid)	-3.78	-3.78	-5.36	-5.3	-4.67	-
Issuance of Common Stock	20.82	20.82	-	997.74	-	51.37
Common Dividends Paid	-12.49	-25.7	-30.95	-	-9.95	-
Other Financing Activities	-20.19	-62.08	-18.66	-0.08	-	-
Financing Cash Flow	-15.64	-70.74	-54.97	992.36	-14.62	51.37
Foreign Exchange Rate Adjustments	-0.02	-0.01	-	-	-	-
Net Cash Flow	-210.29	-202.4	-177.88	1,020	8.69	81.44
Free Cash Flow	-77.81	-139.38	-110.94	27.49	24.09	10.75
Free Cash Flow Growth	-	-	-	14.11%	124.22%	-
Free Cash Flow Margin	-14.28%	-25.51%	-19.47%	5.62%	6.28%	3.34%
Free Cash Flow Per Share	-0.86	-1.61	-1.25	0.41	0.36	0.17
Cash Income Tax Paid	37.89	22.2	21.74	34.45	53.03	23.24
Levered Free Cash Flow	-49.41	-133.48	-128.77	-5.27	-37.43	-26.58
Unlevered Free Cash Flow	-49.18	-133.19	-128.64	-5.17	-37.43	-26.54
Change in Working Capital	-188.67	-188.67	-183.75	-94.62	-67.89	-82.89

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