SHA:688459 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	106.86	122.54	125.59	110.71	115.27	87.04
Depreciation & Amortization	27.22	27.22	23.27	20.88	20.13	21.37
Other Amortization	0.44	0.44	1.15	0.45	0.26	0.22
Loss (Gain) From Sale of Assets	-	-	0.02	-	0.05	-0.1
Asset Writedown & Restructuring Costs	3.94	3.94	1.42	0.08	-0	-
Loss (Gain) From Sale of Investments	-2.73	-2.73	-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	-26.95	6.49	-17.11	8.87	8.35	14.39
Change in Accounts Receivable	-7.02	-7.02	-116.65	-0.79	-23.43	-59.18
Change in Inventory	49.02	49.02	-79.92	-84.72	9.41	-2.96
Change in Accounts Payable	67.41	67.41	83.22	104.78	-20.07	22.32
Change in Other Net Operating Assets	-21.99	-21.99	-	-	-	-
Operating Cash Flow	194.29	243.4	22.48	157.54	109.91	82.95
Operating Cash Flow Growth	55.62%	982.63%	-85.73%	43.33%	32.51%	-52.51%
Capital Expenditures	-91.95	-79.09	-112.95	-54.84	-26.17	-85.3
Sale of Property, Plant & Equipment	0.02	0.05	0.03	0.01	0.05	0.22
Divestitures	-	-	0.24	-	-	-
Investment in Securities	-	-	-18.24	-12.99	-	-1.4
Other Investing Activities	3.18	3.18	-	-	-	-
Investing Cash Flow	-88.74	-75.85	-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	-62.4	-62.4	-48	-38.4	-	-
Other Financing Activities	-3.55	-2.57	-2.91	-0.01	-373.53	-5.88
Financing Cash Flow	-65.95	-64.97	-54.9	-42.21	1,149	591.13
Foreign Exchange Rate Adjustments	0.06	0.02	-0.24	0.11	0.25	-0.44
Net Cash Flow	39.66	102.6	-163.57	47.62	1,233	587.16
Free Cash Flow	102.34	164.32	-90.46	102.69	83.75	-2.35
Free Cash Flow Growth	399.38%	-	-	22.63%	-	-
Free Cash Flow Margin	9.14%	14.55%	-8.18%	10.59%	9.21%	-0.23%
Free Cash Flow Per Share	0.21	0.34	-0.19	0.21	0.21	-0.01
Cash Interest Paid	-	-	-	-	0.13	-
Cash Income Tax Paid	83.91	64.76	68.7	108.08	57.96	73.1
Levered Free Cash Flow	52.34	116.28	-107.42	42.49	11.59	-123.45
Unlevered Free Cash Flow	52.34	116.28	-107.28	42.59	11.76	-123.37
Change in Working Capital	85.51	85.51	-115.17	20.32	-34.6	-40.48

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