SHA:688485 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	17.88	11.15	1.28	63.99	67.7	61.49
Depreciation & Amortization	20.17	20.17	18.12	15.54	13.22	8.87
Other Amortization	2.66	2.66	2.37	2.58	1.92	1.2
Loss (Gain) From Sale of Assets	-0.74	-0.74	0	-0.03	-	-
Asset Writedown & Restructuring Costs	-	-	0.01	-	-3.33	-0.18
Loss (Gain) From Sale of Investments	-4.6	-4.6	2.05	1.03	-2.8	-1.58
Provision & Write-off of Bad Debts	15.61	15.61	16.1	13.22	2.84	-
Other Operating Activities	55.23	1.46	1.7	-1.93	0.74	1
Change in Accounts Receivable	-26.33	-26.33	33.69	-83.32	-96.41	-61.18
Change in Inventory	17.81	17.81	-11.18	2.14	15.78	6.35
Change in Accounts Payable	-19.31	-19.31	-41.16	-15.84	43.57	44.96
Operating Cash Flow	75.16	14.66	21.45	-2.42	43.28	61.46
Operating Cash Flow Growth	-	-31.67%	-	-	-29.59%	913.44%
Capital Expenditures	-64.21	-33.37	-16.28	-21.4	-27.93	-12.65
Sale of Property, Plant & Equipment	0.01	0.01	0.22	-	-	-
Cash Acquisitions	-	-	-1.14	-	-4.01	-
Investment in Securities	-11.2	-11.2	-	-0.21	-	-
Other Investing Activities	92.06	5.1	3.93	6.75	-2.81	0.87
Investing Cash Flow	16.66	-39.46	-13.27	-14.86	-34.75	-11.78
Short-Term Debt Issued	-	13.56	10	61.2	0.06	2
Total Debt Issued	-	13.56	10	61.2	0.06	2
Short-Term Debt Repaid	-	-13.56	-71.2	-	-2	-34
Long-Term Debt Repaid	-	-5.8	-4.44	-3.41	-3.35	-0.9
Total Debt Repaid	-19.36	-19.36	-75.64	-3.41	-5.35	-34.9
Net Debt Issued (Repaid)	-19.36	-5.8	-65.64	57.79	-5.29	-32.9
Issuance of Common Stock	-	-	605.42	-	-	133.55
Repurchase of Common Stock	-57.97	-57.97	-	-	-	-
Common Dividends Paid	-3.42	-7.53	-19.71	-0.52	-6.32	-3.22
Other Financing Activities	60.45	4.9	-20.18	-4.11	2.07	-
Financing Cash Flow	-20.3	-66.4	499.88	53.17	-9.54	97.43
Net Cash Flow	71.52	-91.2	508.07	35.89	-1.02	147.11
Free Cash Flow	10.95	-18.71	5.17	-23.82	15.35	48.81
Free Cash Flow Growth	-	-	-	-	-68.55%	-
Free Cash Flow Margin	3.59%	-5.21%	1.88%	-6.04%	3.91%	14.22%
Free Cash Flow Per Share	0.07	-0.13	0.04	-0.21	0.14	0.47
Cash Income Tax Paid	18.18	13.13	17.05	33.47	21.42	14.87
Levered Free Cash Flow	-0.88	-21.96	2.84	-49.48	-0.02	51.63
Unlevered Free Cash Flow	-0.45	-21.46	3.45	-48.83	0.39	52.25
Change in Working Capital	-31.06	-31.06	-20.19	-96.81	-37	-9.33

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