SHA:688459 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	125.59	110.71	115.27	87.04
Depreciation & Amortization	23.27	20.88	20.13	21.37
Other Amortization	1.15	0.45	0.26	0.22
Loss (Gain) From Sale of Assets	0.02	-	0.05	-0.1
Asset Writedown & Restructuring Costs	1.42	0.08	-0	-
Loss (Gain) From Sale of Investments	-1.25	-5.25	-3.38	-1.1
Provision & Write-off of Bad Debts	4.55	1.48	3.84	1.61
Other Operating Activities	-17.11	8.87	8.35	14.39
Change in Accounts Receivable	-116.65	-0.79	-23.43	-59.18
Change in Inventory	-79.92	-84.72	9.41	-2.96
Change in Accounts Payable	83.22	104.78	-20.07	22.32
Operating Cash Flow	22.48	157.54	109.91	82.95
Operating Cash Flow Growth	-85.73%	43.33%	32.51%	-52.51%
Capital Expenditures	-112.95	-54.84	-26.17	-85.3
Sale of Property, Plant & Equipment	0.03	0.01	0.05	0.22
Divestitures	0.24	-	-	-
Investment in Securities	-18.24	-12.99	-	-1.4
Investing Cash Flow	-130.92	-67.82	-26.12	-86.48
Long-Term Debt Repaid	-3.99	-3.8	-2.59	-2.18
Net Debt Issued (Repaid)	-3.99	-3.8	-2.59	-2.18
Issuance of Common Stock	-	-	1,525	599.2
Common Dividends Paid	-48	-38.4	-	-
Other Financing Activities	-2.91	-0.01	-373.53	-5.88
Financing Cash Flow	-54.9	-42.21	1,149	591.13
Foreign Exchange Rate Adjustments	-0.24	0.11	0.25	-0.44
Net Cash Flow	-163.57	47.62	1,233	587.16
Free Cash Flow	-90.46	102.69	83.75	-2.35
Free Cash Flow Growth	-	22.63%	-	-
Free Cash Flow Margin	-8.18%	10.59%	9.21%	-0.23%
Free Cash Flow Per Share	-0.19	0.21	0.21	-0.01
Cash Interest Paid	-	-	0.13	-
Cash Income Tax Paid	68.7	108.08	57.96	73.1
Levered Free Cash Flow	-107.42	42.49	11.59	-123.45
Unlevered Free Cash Flow	-107.28	42.59	11.76	-123.37
Change in Working Capital	-115.17	20.32	-34.6	-40.48

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