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

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