SHA:688439 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	165.19	322.54	610.61	303.02	176.92	105.44
Depreciation & Amortization	50.2	50.2	36.48	24.41	15.61	10.19
Other Amortization	6	6	4.6	1.52	0.39	0.71
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0.03	-	1.98	-0
Asset Writedown & Restructuring Costs	-	-	-	-	-	19.3
Loss (Gain) From Sale of Investments	-32.77	-32.77	-15.84	-	-	-0.21
Provision & Write-off of Bad Debts	90.63	90.63	20.9	10.26	0.29	11.98
Other Operating Activities	406.84	39.19	16.77	48.14	28.76	8.33
Change in Accounts Receivable	-598.48	-598.48	-640.4	-365.68	-173.65	-200.46
Change in Inventory	-18.38	-18.38	-48.55	-266.54	-193.87	-14.89
Change in Accounts Payable	-114.29	-114.29	-7.23	31.92	125.61	-7.04
Operating Cash Flow	-46.28	-256.58	-32.36	-225.87	-20.96	-71.45
Capital Expenditures	-105.42	-172.39	-336.8	-145.42	-45.04	-21.33
Sale of Property, Plant & Equipment	0.28	0.04	-	-	-	0.12
Investment in Securities	65	-315	-1,285	-	-	3.22
Other Investing Activities	20.29	32.39	12.24	-	0	0.21
Investing Cash Flow	-19.85	-454.96	-1,610	-145.42	-45.04	-17.78
Long-Term Debt Issued	-	80	-	313.25	222.12	125.11
Long-Term Debt Repaid	-	-52.25	-30.04	-386.62	-162.16	-40
Net Debt Issued (Repaid)	-14.25	27.75	-30.04	-73.37	59.96	85.11
Issuance of Common Stock	-	-	-	3,266	204.8	-
Common Dividends Paid	-35.14	-142.47	-77.61	-48.56	-38.19	-47.44
Other Financing Activities	0.55	-	-	-1.36	-	-16.75
Financing Cash Flow	-48.84	-114.71	-107.65	3,142	226.57	20.92
Net Cash Flow	-114.97	-826.26	-1,750	2,771	160.57	-68.31
Free Cash Flow	-151.7	-428.97	-369.15	-371.29	-66	-92.77
Free Cash Flow Margin	-15.62%	-40.35%	-28.46%	-47.67%	-13.14%	-25.67%
Free Cash Flow Per Share	-0.76	-2.15	-1.85	-2.23	-0.44	-1.74
Cash Income Tax Paid	101.73	142.87	133.87	61.12	51.16	18.21
Levered Free Cash Flow	-256.49	-590.67	-528.26	-455.51	-120.25	-39.06
Unlevered Free Cash Flow	-254.86	-589.48	-527.13	-449.63	-117.6	-35.08
Change in Working Capital	-732.35	-732.35	-705.85	-613.21	-244.92	-227.18

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.