SHA:688479 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	41.62	80.71	114.81	107.78	122.3	84.83
Depreciation & Amortization	4.84	4.84	6.27	6.69	7.21	1.15
Other Amortization	0.52	0.52	0.39	0.64	0.5	0.25
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0.02	-	-	-
Loss (Gain) From Sale of Investments	-20.71	-20.71	-27.95	-6.37	-7.99	-8.33
Stock-Based Compensation	2.19	2.19	6.54	14.28	15.32	14.1
Provision & Write-off of Bad Debts	4.02	4.02	10.4	13.87	4.12	6.84
Other Operating Activities	23.4	-3.66	4.04	1.65	-1.2	8.9
Change in Accounts Receivable	13.42	13.42	-4.28	-87.23	-40.44	-24.25
Change in Inventory	32.23	32.23	26.09	-48.97	-35.8	1.58
Change in Accounts Payable	-27.89	-27.89	-48.1	54.91	59.76	-5.12
Operating Cash Flow	68.27	80.29	88.33	52.09	124.23	81.05
Operating Cash Flow Growth	20.61%	-9.10%	69.56%	-58.07%	53.28%	8.19%
Capital Expenditures	-2.5	-158.11	-36.96	-1.86	-1.9	-2.03
Sale of Property, Plant & Equipment	0.02	0.02	0.02	-	-	-
Investment in Securities	73	115	-260	-	-60	-
Other Investing Activities	20.06	27.15	21.73	10.43	8.91	8.57
Investing Cash Flow	90.57	-15.95	-275.21	8.56	-52.99	6.54
Long-Term Debt Repaid	-	-2.91	-5.47	-5.95	-6.69	-
Net Debt Issued (Repaid)	-2.91	-2.91	-5.47	-5.95	-6.69	-
Issuance of Common Stock	-	-	1,106	-	-	21.76
Repurchase of Common Stock	-7.91	-7.91	-	-	-	-
Common Dividends Paid	-71.26	-72.15	-	-	-54.12	-45.41
Dividends Paid	-71.26	-72.15	-	-	-54.12	-45.41
Other Financing Activities	-18.35	-	-19.88	-1.6	-7.75	-1.59
Financing Cash Flow	-100.42	-82.96	1,080	-7.55	-68.55	-25.23
Net Cash Flow	58.42	-18.62	893.44	53.1	2.7	62.36
Free Cash Flow	65.77	-77.82	51.37	50.23	122.34	79.02
Free Cash Flow Growth	-	-	2.28%	-58.94%	54.81%	7.60%
Free Cash Flow Margin	13.40%	-13.08%	6.98%	7.59%	20.77%	16.60%
Free Cash Flow Per Share	0.45	-0.54	0.40	0.47	1.17	0.78
Cash Income Tax Paid	23.09	19.84	32.36	46.24	36.16	29.95
Levered Free Cash Flow	49.01	-126.37	3.63	-6.78	76.8	98.54
Unlevered Free Cash Flow	49.02	-126.32	3.74	-6.63	77.06	98.54
Change in Working Capital	12.39	12.39	-26.16	-86.44	-16.02	-26.68

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