SHA:688480 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	111.05	180.76	90.33	66.23	44.63
Depreciation & Amortization	33.21	26.4	14.31	14.25	14.56
Other Amortization	2.21	0.87	-	-	-
Loss (Gain) From Sale of Assets	0.03	0.12	-1.74	-	-0
Asset Writedown & Restructuring Costs	6.9	0.56	2.08	12.72	2.88
Loss (Gain) From Sale of Investments	-1.91	-63.43	-15.6	-4.94	-6.38
Provision & Write-off of Bad Debts	-	14.67	15.24	-	-
Other Operating Activities	22.49	9.18	7.4	6.81	5.95
Change in Accounts Receivable	-189.4	-130.22	-205.12	-71.83	-39.93
Change in Inventory	-83.14	-29.35	73.51	-67.22	-10.41
Change in Accounts Payable	212.86	55.89	89.88	78.12	69.83
Change in Other Net Operating Assets	24.26	4	0.78	-5.26	1.99
Operating Cash Flow	130.36	66.67	67.32	26.32	83.65
Operating Cash Flow Growth	95.52%	-0.96%	155.79%	-68.54%	102.94%
Capital Expenditures	-120.52	-84.53	-24.85	-4.32	-1.58
Sale of Property, Plant & Equipment	0.34	0.15	3.88	0	13.2
Cash Acquisitions	-	-165.52	-	-	-
Investment in Securities	-	48	-38	-10	233
Other Investing Activities	-8.09	4.31	8.78	0.87	-231.89
Investing Cash Flow	-128.27	-197.59	-50.19	-13.45	12.73
Long-Term Debt Issued	92.43	98.9	-	-	-
Long-Term Debt Repaid	-115.87	-37.6	-21	-6	-45
Net Debt Issued (Repaid)	-23.44	61.3	-21	-6	-45
Issuance of Common Stock	-	6.7	-	423.41	-
Common Dividends Paid	-61.46	-47.66	-48.69	-1.34	-2.27
Other Financing Activities	-0.62	-6.55	-12.57	-26.2	-
Financing Cash Flow	-85.52	13.79	-82.27	389.88	-47.27
Foreign Exchange Rate Adjustments	3.48	-1.94	-0.72	0.5	-0.28
Net Cash Flow	-79.95	-119.06	-65.86	403.25	48.83
Free Cash Flow	9.84	-17.85	42.46	22	82.07
Free Cash Flow Growth	-	-	93.03%	-73.20%	123.53%
Free Cash Flow Margin	0.80%	-1.93%	5.25%	4.01%	21.34%
Free Cash Flow Per Share	0.10	-0.19	0.45	0.30	1.16
Cash Interest Paid	-	2.29	-	-	233.97
Cash Income Tax Paid	69.5	65.97	35.54	27.62	23
Levered Free Cash Flow	1.78	-150.69	24.31	-2.34	77.76
Unlevered Free Cash Flow	1.78	-148.63	25.03	-0.92	79.51
Change in Working Capital	-43.63	-102.48	-44.7	-68.75	22.01

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