SHA:688515 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	2019
Period Ending	Mar '25 Mar 31, 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	2019
Net Income	-208.25	-201.68	-150.1	-0.41	-0.46	-40.38	Upgrade
Depreciation & Amortization	21.02	21.02	32.07	23.19	4.76	0.49	Upgrade
Other Amortization	10.01	10.01	1.67	1.47	4.46	0.28	Upgrade
Loss (Gain) From Sale of Assets	-0.23	-0.23	-0.34	-0.08	-	-	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-	0.02	-	Upgrade
Loss (Gain) From Sale of Investments	-28.11	-28.11	-30.59	-4.17	-2.16	-0.92	Upgrade
Provision & Write-off of Bad Debts	0.01	0.01	0.02	-0.25	0.25	-	Upgrade
Other Operating Activities	71.14	6.14	20.19	5.13	0.66	0.24	Upgrade
Change in Accounts Receivable	104.74	104.74	9.96	-11.75	-46.38	19.8	Upgrade
Change in Inventory	0.74	0.74	-50.94	10.2	-97.65	-14.81	Upgrade
Change in Accounts Payable	-186.77	-186.77	8.7	-104.31	132.86	37.57	Upgrade
Change in Other Net Operating Assets	23.05	23.05	15.7	12.6	3.5	1.6	Upgrade
Operating Cash Flow	-192.65	-251.08	-143.66	-68.38	-0.13	3.87	Upgrade
Capital Expenditures	-67.1	-67.82	-48.86	-16.14	-50.5	-7.22	Upgrade
Sale of Property, Plant & Equipment	0.3	0.3	0.25	-	0	-	Upgrade
Divestitures	-	-	-	-	-	0.01	Upgrade
Investment in Securities	788.6	630	-1,071	70	-174	5	Upgrade
Other Investing Activities	21.41	29.82	17.61	3.38	1.94	0.98	Upgrade
Investing Cash Flow	743.21	592.3	-1,102	57.24	-222.56	-1.23	Upgrade
Long-Term Debt Repaid	-	-10.73	-8.76	-4.16	-3.39	-	Upgrade
Net Debt Issued (Repaid)	-10.73	-10.73	-8.76	-4.16	-3.39	-	Upgrade
Issuance of Common Stock	-	-	1,693	-	219.96	33.18	Upgrade
Repurchase of Common Stock	-40	-40	-	-	-	-	Upgrade
Other Financing Activities	3.97	-	-26.15	-4.37	-0.56	-	Upgrade
Financing Cash Flow	-46.76	-50.73	1,658	-8.53	216.01	33.18	Upgrade
Foreign Exchange Rate Adjustments	0.27	0.35	0.67	-0.48	-0	0	Upgrade
Net Cash Flow	504.07	290.85	412.91	-20.16	-6.68	35.82	Upgrade
Free Cash Flow	-259.74	-318.89	-192.52	-84.53	-50.63	-3.35	Upgrade
Free Cash Flow Margin	-64.18%	-80.48%	-70.38%	-20.97%	-19.93%	-25.87%	Upgrade
Free Cash Flow Per Share	-3.26	-4.00	-2.51	-2.07	-1.09	-0.11	Upgrade
Cash Income Tax Paid	-	-5.81	-3.56	6.17	1.2	0.48	Upgrade
Levered Free Cash Flow	-264.86	-233.18	-147.48	-95.41	-60.67	8.5	Upgrade
Unlevered Free Cash Flow	-264.36	-232.67	-147.01	-95.1	-60.28	8.5	Upgrade
Change in Net Working Capital	97.7	68.82	21.86	108.23	17.47	-41	Upgrade

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.