SHA:688432 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	209.28	232.9	254.18	351.33	148.36
Depreciation & Amortization	98.66	89.13	85.39	84.11	74.76
Other Amortization	3.77	1.73	0.3	-	-
Loss (Gain) From Sale of Assets	-0.08	-0.08	0	-	0.23
Asset Writedown & Restructuring Costs	-0.01	0.89	0.26	0.7	1.25
Loss (Gain) From Sale of Investments	10.92	-8.35	-33.12	4.43	-0.85
Stock-Based Compensation	18.99	6.36	-	-	-
Provision & Write-off of Bad Debts	1.07	0.86	0.29	-0.24	0.34
Other Operating Activities	-42.4	-21.41	-36.59	-51.68	36.22
Change in Accounts Receivable	-80.71	-154.69	-72.63	75.41	-227.58
Change in Inventory	-20.88	-0.99	65.31	-98.29	-50.57
Change in Accounts Payable	66.97	96.5	-13.06	28.61	356.9
Change in Other Net Operating Assets	9.78	-13.61	22.07	35.98	-16.31
Operating Cash Flow	274.19	229.37	266.64	430.35	322.74
Operating Cash Flow Growth	19.54%	-13.98%	-38.04%	33.34%	33.73%
Capital Expenditures	-143.79	-218.67	-106.88	-175.98	-307.63
Sale of Property, Plant & Equipment	0.11	0.01	-	-	0.01
Divestitures	2.51	-	-	-	-
Investment in Securities	-380	-560	-957.2	-648	-
Other Investing Activities	17.42	43.04	49.58	64.09	97.87
Investing Cash Flow	-503.74	-735.62	-1,014	-759.89	-209.75
Long-Term Debt Repaid	-4.4	-3.39	-3.79	-2.17	-1.98
Total Debt Repaid	-4.4	-3.39	-3.79	-2.17	-1.98
Net Debt Issued (Repaid)	-4.4	-3.39	-3.79	-2.17	-1.98
Issuance of Common Stock	-	-	-	1,678	350
Repurchase of Common Stock	-	-35.94	-	-	-
Common Dividends Paid	-74.64	-12.44	-74.86	-	-
Other Financing Activities	22.98	-13.79	-42.85	-19.77	1.57
Financing Cash Flow	-56.07	-65.56	-121.5	1,656	349.59
Foreign Exchange Rate Adjustments	-1.94	0.53	3.86	50.47	-7.8
Net Cash Flow	-287.56	-571.27	-865.49	1,377	454.78
Free Cash Flow	130.4	10.7	159.77	254.38	15.11
Free Cash Flow Growth	1118.95%	-93.30%	-37.19%	1583.27%	-
Free Cash Flow Margin	12.97%	1.07%	16.63%	21.64%	1.74%
Free Cash Flow Per Share	0.10	0.01	0.13	0.23	0.01
Cash Income Tax Paid	58.31	31.98	31.66	-54.22	-105.62
Levered Free Cash Flow	4.96	38.96	67.25	-3.64	-395.44
Unlevered Free Cash Flow	5.09	39.17	67.39	-3.56	-395.32
Change in Working Capital	-26.02	-72.66	-4.07	41.71	62.44

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