SHA:688449 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	142.16	118.06	52.23	-79.16	45.12
Depreciation & Amortization	50.97	61.41	49.57	27.39	16.36
Other Amortization	14.74	1.15	1.27	0.72	0.93
Loss (Gain) From Sale of Assets	-	0.03	1.29	0.71	0.04
Asset Writedown & Restructuring Costs	0.02	0.47	6.51	16.09	6.72
Loss (Gain) From Sale of Investments	-6.76	-0.76	-0.61	-1.35	-2.65
Stock-Based Compensation	-	-	48.74	34.38	1.75
Provision & Write-off of Bad Debts	-6.53	7.22	0.78	1.02	-0.06
Other Operating Activities	6.9	17.41	3.35	1.6	0.91
Change in Accounts Receivable	155.97	-181.27	-197.53	25.6	-15.9
Change in Inventory	-270.6	-138.95	209.97	-150.6	-216.3
Change in Accounts Payable	14.93	53.35	-2.68	123.9	55.44
Change in Other Net Operating Assets	53.54	39.32	-	-	-
Operating Cash Flow	155.34	-22.57	172.9	0.31	-107.64
Operating Cash Flow Growth	-	-	56118.00%	-	-
Capital Expenditures	-59.64	-76.44	-78.85	-33.99	-42.24
Sale of Property, Plant & Equipment	0	0.01	0	-	-
Divestitures	-	-	6.87	-	-
Investment in Securities	-100	37	-	51.16	-55.29
Other Investing Activities	5.75	0.16	0.63	-6.95	1.6
Investing Cash Flow	-153.89	-39.28	-71.35	10.22	-95.94
Short-Term Debt Issued	140	133	90	45	20
Total Debt Issued	140	133	90	45	20
Short-Term Debt Repaid	-123	-130	-50	-25	-
Long-Term Debt Repaid	-8.17	-7.04	-	-	-
Total Debt Repaid	-131.17	-137.04	-50	-25	-
Net Debt Issued (Repaid)	8.83	-4.04	40	20	20
Issuance of Common Stock	-	1,066	-	13.85	150
Common Dividends Paid	-3.05	-3.67	-2.37	-0.99	-0.43
Other Financing Activities	-9.42	-14.36	-10.02	-11.89	-4.23
Financing Cash Flow	-3.64	1,044	27.6	20.98	165.34
Foreign Exchange Rate Adjustments	-2	0.58	0.26	0.21	-1.21
Net Cash Flow	-4.2	982.8	129.4	31.71	-39.45
Free Cash Flow	95.7	-99.01	94.05	-33.68	-149.88
Free Cash Flow Margin	7.21%	-8.43%	9.10%	-5.88%	-25.90%
Free Cash Flow Per Share	0.21	-0.27	0.27	-0.09	-3.38
Cash Income Tax Paid	-68.99	-37.13	5.66	-30.85	-18.87
Levered Free Cash Flow	37.33	-136.54	65.77	-146.85	-183.43
Unlevered Free Cash Flow	39.72	-133.53	67.86	-145.85	-182.86
Change in Working Capital	-46.16	-227.54	9.76	-1.1	-176.76

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