SHA:688496 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	-63.97	-69.49	-117.93	55.89	59.08	57.97
Depreciation & Amortization	40.52	40.52	38.76	32.75	30.45	18.68
Other Amortization	16.32	16.32	11.58	9.39	3.82	2.11
Loss (Gain) From Sale of Assets	-0.23	-0.23	-0.11	-0.03	-0.12	0.3
Asset Writedown & Restructuring Costs	0.42	0.42	0.01	0.01	0.58	0.32
Loss (Gain) From Sale of Investments	5.91	5.91	7.81	4.06	0.76	-1.7
Provision & Write-off of Bad Debts	-7.75	-7.75	9.89	0.04	1.05	-0.06
Other Operating Activities	62.58	18.19	1.78	13.77	7.61	5.46
Change in Accounts Receivable	-68.25	-68.25	84.16	-54.83	-58.74	-89.07
Change in Inventory	91.43	91.43	-110.43	-62.15	-116.13	-26.28
Change in Accounts Payable	-14.42	-14.42	-98.23	-17.74	-62.81	26.02
Operating Cash Flow	60.54	10.64	-180.39	-30.54	-149.01	-17.67
Operating Cash Flow Growth	25.18%	-	-	-	-	-
Capital Expenditures	-11.24	-31.61	-70.48	-47.63	-118.53	-250.82
Sale of Property, Plant & Equipment	0.02	0.14	-	0	0.05	0
Investment in Securities	28.6	-169.48	-75	-	9.29	95.21
Other Investing Activities	5.17	5.68	7	1.32	1.1	3.26
Investing Cash Flow	22.55	-195.27	-138.49	-46.3	-108.1	-152.35
Long-Term Debt Issued	-	265.77	318.71	603.89	504.73	370
Long-Term Debt Repaid	-	-395.11	-447.3	-575.7	-276.38	-140
Net Debt Issued (Repaid)	-38.53	-129.33	-128.59	28.18	228.35	230
Issuance of Common Stock	-	-	-	760.11	-	-
Repurchase of Common Stock	-4	-4	-	-	-	-
Common Dividends Paid	-11.09	-15.25	-46.75	-23.44	-45.32	-67.18
Other Financing Activities	-7.95	-	28.45	47.52	47.17	111.28
Financing Cash Flow	-61.57	-148.57	-146.89	812.36	230.2	274.1
Foreign Exchange Rate Adjustments	-2.43	-2.42	-1.39	-3.97	-0.27	0.37
Net Cash Flow	19.09	-335.63	-467.16	731.56	-27.18	104.46
Free Cash Flow	49.31	-20.97	-250.88	-78.16	-267.54	-268.49
Free Cash Flow Margin	7.27%	-2.78%	-37.95%	-7.49%	-38.54%	-53.90%
Free Cash Flow Per Share	0.11	-0.04	-0.55	-0.22	-0.74	-0.74
Cash Income Tax Paid	47.57	47.7	7.06	-1.36	-18.82	37.19
Levered Free Cash Flow	87.53	22.09	-140.18	-78.48	-315.35	-233.94
Unlevered Free Cash Flow	93.56	30.52	-131.69	-66.45	-305.38	-228.23
Change in Working Capital	6.74	6.74	-132.17	-146.41	-252.25	-100.75

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