SHA:688498 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	100.31	-6.13	19.48	100.32	95.29	78.84
Depreciation & Amortization	48.36	48.36	42.07	28.99	22.11	16.53
Other Amortization	2.85	2.85	0.3	1.89	2.1	1.53
Loss (Gain) From Sale of Assets	-0.08	-0.08	-0.02	0.17	0.16	0.04
Asset Writedown & Restructuring Costs	0	0	0	0	0.02	0.55
Loss (Gain) From Sale of Investments	-2.65	-2.65	-9.12	-1.72	-6.75	-3.83
Provision & Write-off of Bad Debts	-2.93	-2.93	3.1	2.95	2.64	2.6
Other Operating Activities	-8.08	22.58	17.82	1.26	0.16	0.74
Change in Accounts Receivable	-50.53	-50.53	-9.98	-127.76	-82.39	-46.4
Change in Inventory	-4.18	-4.18	-62.88	-40.64	-23.81	1.7
Change in Accounts Payable	17.3	17.3	-20.4	53.29	27.49	24.97
Change in Other Net Operating Assets	3.56	3.56	3.59	8.98	0.87	28.91
Operating Cash Flow	94.75	18.96	-17.4	37.74	36.03	104.77
Operating Cash Flow Growth	1804.77%	-	-	4.74%	-65.61%	814.51%
Capital Expenditures	-235.64	-105.96	-67.23	-109.27	-106.62	-54.02
Sale of Property, Plant & Equipment	0.1	0.12	0.04	0.13	0.01	0.08
Investment in Securities	-35	-130.16	19	9	203	-244
Other Investing Activities	0.9	4.34	10.41	-21.46	-37.17	2.04
Investing Cash Flow	-269.64	-231.66	-37.78	-121.6	59.22	-295.91
Long-Term Debt Repaid	-	-1.13	-0.99	-1.54	-1.83	-26.67
Net Debt Issued (Repaid)	-1.13	-1.13	-0.99	-1.54	-1.83	-26.67
Issuance of Common Stock	29.02	22.46	30.61	1,407	-	226.3
Repurchase of Common Stock	-55.42	-55.42	-	-	-	-
Common Dividends Paid	-42.7	-8.51	-39.39	-	-	-0.76
Other Financing Activities	53.38	-	-17.26	-10.55	-	-
Financing Cash Flow	-16.85	-42.6	-27.02	1,395	-1.83	198.88
Foreign Exchange Rate Adjustments	-7.1	0.13	-0.07	0.02	-	-
Net Cash Flow	-198.85	-255.17	-82.27	1,311	93.43	7.74
Free Cash Flow	-140.89	-87	-84.63	-71.53	-70.59	50.75
Free Cash Flow Margin	-30.81%	-34.50%	-58.61%	-25.28%	-30.41%	21.75%
Free Cash Flow Per Share	-1.27	-0.99	-1.17	-1.14	-1.12	0.81
Cash Income Tax Paid	8.89	8	9	11.78	31.66	24.29
Levered Free Cash Flow	-136.71	-119.11	-116.53	-56.9	-15.46	42.09
Unlevered Free Cash Flow	-135.9	-118.99	-116.48	-56.83	-15.36	42.56
Change in Working Capital	-43.04	-43.04	-91.03	-96.12	-79.69	7.78

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