SHA:688455 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	-58.63	-77.93	89.04	86.49
Depreciation & Amortization	8.83	8.83	7.33	3.88
Other Amortization	0.64	0.01	0.01	-
Loss (Gain) From Sale of Assets	1.6	-0.04	-0.11	0.29
Asset Writedown & Restructuring Costs	-3.44	3.68	0.69	-1.98
Loss (Gain) From Sale of Investments	-5.89	-13.41	13.86	-5.42
Stock-Based Compensation	5.27	4.31	5.84	8.03
Provision & Write-off of Bad Debts	8.16	-13.7	27.59	14.5
Other Operating Activities	14.71	23.38	6.27	6.89
Change in Accounts Receivable	-205.01	223.34	-202.66	-38.49
Change in Inventory	-75.82	-195.17	122.48	-267.76
Change in Accounts Payable	271.21	146.31	-205.94	313.31
Operating Cash Flow	-63.66	84.79	-138.65	117.14
Operating Cash Flow Growth	-	-	-	-25.37%
Capital Expenditures	-179.48	-43.87	-105.23	-20.38
Sale of Property, Plant & Equipment	0.3	16.61	0.26	0.16
Cash Acquisitions	-	-45.51	-	-
Investment in Securities	332.2	300.66	-858.46	30
Other Investing Activities	-5.62	18.84	-19.22	5.27
Investing Cash Flow	147.41	246.73	-982.64	15.05
Short-Term Debt Issued	-	-	165.69	111.46
Long-Term Debt Issued	375	175	-	-
Total Debt Issued	375	175	165.69	111.46
Short-Term Debt Repaid	-	-	-146.79	-42.79
Long-Term Debt Repaid	-226.13	-132.89	-6.65	-2.1
Total Debt Repaid	-226.13	-132.89	-153.45	-44.89
Net Debt Issued (Repaid)	148.87	42.11	12.25	66.56
Issuance of Common Stock	-	-	919.25	-
Repurchase of Common Stock	-122.72	-	-	-
Common Dividends Paid	-6.17	-40.19	-3.26	-4.01
Other Financing Activities	-	-64.07	-19.77	-6.84
Financing Cash Flow	19.98	-62.15	908.48	55.71
Foreign Exchange Rate Adjustments	-0.18	-0.38	0.39	-0.55
Net Cash Flow	103.55	268.99	-212.43	187.35
Free Cash Flow	-243.14	40.92	-243.88	96.76
Free Cash Flow Growth	-	-	-	-37.78%
Free Cash Flow Margin	-17.45%	3.56%	-14.61%	7.58%
Free Cash Flow Per Share	-1.41	0.23	-1.64	0.72
Cash Income Tax Paid	-21.98	32.81	2.7	22.61
Levered Free Cash Flow	-230.4	84.14	-343.83	104.64
Unlevered Free Cash Flow	-226.45	86.8	-341.81	107.19
Change in Working Capital	-34.91	149.66	-289.17	4.46

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