SHA:688507 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	41.45	57.48	53.77	50.36
Depreciation & Amortization	15.25	22.54	18.53	15.13
Other Amortization	16.99	0.22	0.14	0.14
Loss (Gain) From Sale of Assets	-0.05	-0.04	-	-
Asset Writedown & Restructuring Costs	0.64	-	-	-
Loss (Gain) From Sale of Investments	-0.89	0.67	-0.2	-0.02
Provision & Write-off of Bad Debts	60.37	42.93	13.29	16.19
Other Operating Activities	8.27	1.92	2.73	3.04
Change in Accounts Receivable	-112.62	-192.88	-134.32	-106.6
Change in Inventory	14.26	6.54	-0.66	33.71
Change in Accounts Payable	-84.28	10.99	74.07	-48.19
Change in Other Net Operating Assets	0.87	-1.4	-24.44	-18.36
Operating Cash Flow	-48.81	-57.15	0.93	-50.55
Capital Expenditures	-127.84	-34.81	-31.23	-46.19
Sale of Property, Plant & Equipment	0	0.07	-	-
Cash Acquisitions	-22.01	-11.33	-	-
Investment in Securities	-40.02	-50.46	30	-30
Other Investing Activities	0.09	0.03	0.22	-
Investing Cash Flow	-188.59	-96.5	-1	-76.19
Short-Term Debt Issued	16.63	-	-	-
Long-Term Debt Issued	-	-	58.35	44.92
Total Debt Issued	16.63	-	58.35	44.92
Short-Term Debt Repaid	-16.24	-78.99	-	-
Long-Term Debt Repaid	-8.7	-7.2	-41.14	-41.24
Total Debt Repaid	-24.94	-86.2	-41.14	-41.24
Net Debt Issued (Repaid)	-8.3	-86.2	17.21	3.68
Issuance of Common Stock	-	2,345	-	120
Repurchase of Common Stock	-50.51	-	-	-
Common Dividends Paid	-28.9	-7.47	-2.54	-2.92
Other Financing Activities	-	-41	-3.55	-
Financing Cash Flow	-87.72	2,210	11.12	120.76
Foreign Exchange Rate Adjustments	-0.39	-0.69	-0.63	-0.35
Net Cash Flow	-325.51	2,056	10.41	-6.33
Free Cash Flow	-176.65	-91.96	-30.3	-96.74
Free Cash Flow Margin	-46.63%	-28.70%	-11.30%	-50.20%
Free Cash Flow Per Share	-2.00	-1.12	-0.45	-1.49
Cash Income Tax Paid	10.81	18.27	-0.56	7.62
Levered Free Cash Flow	-239.71	-144.6	-58.56	-102.59
Unlevered Free Cash Flow	-239.36	-143.68	-56.94	-100.71
Change in Working Capital	-190.85	-182.86	-87.34	-135.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.