SHA:688513 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	238.23	226.57	246.52	232.43
Depreciation & Amortization	81.37	73.23	58.35	32.6
Other Amortization	3.14	1.49	1.34	1.19
Loss (Gain) From Sale of Assets	0	-0.13	-0.26	-
Asset Writedown & Restructuring Costs	0.11	0.11	0.07	0.1
Loss (Gain) From Sale of Investments	-24.76	-25.48	-27.84	-42.04
Provision & Write-off of Bad Debts	3.03	-0.36	1.42	-2.25
Other Operating Activities	9.34	6.12	4.81	2.24
Change in Accounts Receivable	-112.44	-75.72	-51.53	-181.32
Change in Inventory	-34.8	-22.74	-39.5	-21.55
Change in Accounts Payable	82.73	90.2	-45.57	129.14
Change in Other Net Operating Assets	19.98	1.23	-0.06	0.39
Operating Cash Flow	263.24	275.25	151.94	147.6
Operating Cash Flow Growth	-4.36%	81.15%	2.95%	-5.70%
Capital Expenditures	-117.42	-175.26	-339.33	-270.19
Sale of Property, Plant & Equipment	0.49	0.26	0.33	-
Investment in Securities	313.56	-234.53	-81.41	160.61
Other Investing Activities	-	-0.65	14.71	-1.01
Investing Cash Flow	196.63	-410.17	-405.7	-110.59
Short-Term Debt Issued	-	-	-	30
Long-Term Debt Issued	150	235	100	-
Total Debt Issued	150	235	100	30
Short-Term Debt Repaid	-	-	-	-50
Long-Term Debt Repaid	-253.92	-91.48	-50	-
Total Debt Repaid	-253.92	-91.48	-50	-50
Net Debt Issued (Repaid)	-103.92	143.52	50	-20
Issuance of Common Stock	34.76	-	-	-
Common Dividends Paid	-74.11	-71.08	-96.05	-36.4
Other Financing Activities	-118.99	8.22	85.74	-
Financing Cash Flow	-262.27	80.67	39.7	-56.4
Foreign Exchange Rate Adjustments	0.03	-0.07	0.02	-0.01
Net Cash Flow	197.64	-54.32	-214.04	-19.39
Free Cash Flow	145.82	99.99	-187.38	-122.59
Free Cash Flow Growth	45.83%	-	-	-
Free Cash Flow Margin	10.80%	8.95%	-16.01%	-11.98%
Free Cash Flow Per Share	0.83	0.56	-1.06	-0.70
Cash Income Tax Paid	147.05	91.73	108.05	118.32
Levered Free Cash Flow	-13.92	47.75	-258.5	-90.64
Unlevered Free Cash Flow	-11.62	49.89	-256.87	-90.41
Change in Working Capital	-47.22	-6.3	-132.46	-76.67

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