SHA:688480 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	111.53	180.76	90.33	66.23	44.63	55.77
Depreciation & Amortization	26.4	26.4	14.31	14.25	14.56	20.3
Other Amortization	0.87	0.87	-	-	-	-
Loss (Gain) From Sale of Assets	0.12	0.12	-1.74	-	-0	-6.44
Asset Writedown & Restructuring Costs	0.56	0.56	2.08	12.72	2.88	8.59
Loss (Gain) From Sale of Investments	-63.43	-63.43	-15.6	-4.94	-6.38	-3.56
Provision & Write-off of Bad Debts	14.67	14.67	15.24	-	-	-
Other Operating Activities	132.04	9.18	7.4	6.81	5.95	7.68
Change in Accounts Receivable	-130.22	-130.22	-205.12	-71.83	-39.93	-47.26
Change in Inventory	-29.35	-29.35	73.51	-67.22	-10.41	50.64
Change in Accounts Payable	55.89	55.89	89.88	78.12	69.83	-43.46
Change in Other Net Operating Assets	4	4	0.78	-5.26	1.99	-
Operating Cash Flow	120.31	66.67	67.32	26.32	83.65	41.22
Operating Cash Flow Growth	633.50%	-0.96%	155.79%	-68.54%	102.94%	153.76%
Capital Expenditures	-130.88	-84.53	-24.85	-4.32	-1.58	-4.5
Sale of Property, Plant & Equipment	0.38	0.15	3.88	0	13.2	0.04
Cash Acquisitions	-165.52	-165.52	-	-	-	-
Investment in Securities	213.52	48	-38	-10	233	-
Other Investing Activities	105.7	4.31	8.78	0.87	-231.89	0.42
Investing Cash Flow	23.2	-197.59	-50.19	-13.45	12.73	-4.04
Long-Term Debt Issued	-	98.9	-	-	-	31
Long-Term Debt Repaid	-	-37.6	-21	-6	-45	-29
Net Debt Issued (Repaid)	-10.02	61.3	-21	-6	-45	2
Issuance of Common Stock	-	6.7	-	423.41	-	9.7
Common Dividends Paid	-61.57	-49.95	-48.69	-1.34	-2.27	-5.59
Other Financing Activities	-8.89	-4.26	-12.57	-26.2	-	-
Financing Cash Flow	-80.48	13.79	-82.27	389.88	-47.27	6.12
Foreign Exchange Rate Adjustments	2.43	-1.94	-0.72	0.5	-0.28	-
Net Cash Flow	65.45	-119.06	-65.86	403.25	48.83	43.3
Free Cash Flow	-10.57	-17.85	42.46	22	82.07	36.72
Free Cash Flow Growth	-	-	93.03%	-73.20%	123.53%	252.16%
Free Cash Flow Margin	-1.04%	-1.93%	5.25%	4.01%	21.34%	9.03%
Free Cash Flow Per Share	-0.11	-0.19	0.45	0.30	1.16	0.51
Cash Interest Paid	-	-	-	-	233.97	-
Cash Income Tax Paid	65.86	65.97	35.54	27.62	23	23.57
Levered Free Cash Flow	-37.58	-150.69	24.31	-2.34	77.76	1.13
Unlevered Free Cash Flow	-35.43	-148.63	25.03	-0.92	79.51	3.6
Change in Working Capital	-102.48	-102.48	-44.7	-68.75	22.01	-41.12

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