SHA:688512 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	-438.42	-408.51	-304.91	-318.13
Depreciation & Amortization	33.65	28.31	25.67	14.32
Other Amortization	5.3	2.23	2.7	1.93
Loss (Gain) From Sale of Assets	-0.03	-0.22	-0.02	-0.01
Asset Writedown & Restructuring Costs	0	0.02	-	-
Loss (Gain) From Sale of Investments	-20.86	-20.75	-17.67	-6.13
Provision & Write-off of Bad Debts	4.37	0.85	0.33	0.19
Other Operating Activities	59.45	62.45	16.18	26.98
Change in Accounts Receivable	-57.99	-13.08	-52.03	-92.02
Change in Inventory	-44.23	-23.96	-169.72	-302.78
Change in Accounts Payable	38.13	30.41	1.16	7.64
Change in Other Net Operating Assets	66.63	123.51	169.69	263.24
Operating Cash Flow	-295.05	-217.68	-360.95	-417.62
Capital Expenditures	-69.23	-46.5	-158.27	-36.05
Sale of Property, Plant & Equipment	0.2	0	-	0.01
Investment in Securities	150	-344.99	70	-259.89
Other Investing Activities	10.05	13.78	21.79	3.23
Investing Cash Flow	91.02	-377.71	-66.47	-292.7
Long-Term Debt Issued	135.85	-	-	-
Long-Term Debt Repaid	-7.93	-10.12	-10.22	-8.34
Net Debt Issued (Repaid)	127.92	-10.12	-10.22	-8.34
Issuance of Common Stock	6.37	1,063	-	1,520
Common Dividends Paid	-1.48	-	-	-
Other Financing Activities	-	-32.33	-5.81	-
Financing Cash Flow	132.8	1,020	-16.03	1,511
Foreign Exchange Rate Adjustments	4.13	1.13	2.62	-2.38
Net Cash Flow	-67.1	426.18	-440.84	798.72
Free Cash Flow	-364.28	-264.19	-519.22	-453.67
Free Cash Flow Margin	-69.52%	-47.86%	-145.57%	-88.27%
Free Cash Flow Per Share	-0.80	-0.61	-1.31	-1.18
Cash Income Tax Paid	-82.06	-59.02	-48.97	-59.58
Levered Free Cash Flow	-242.24	-113.76	-420.48	-301.06
Unlevered Free Cash Flow	-240.7	-113.4	-420.1	-300.62
Change in Working Capital	61.49	117.94	-83.22	-136.75

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