SHA:688515 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	-201.68	-150.1	-0.41	-0.46
Depreciation & Amortization	19.84	32.07	23.19	4.76
Other Amortization	11.19	1.67	1.47	4.46
Loss (Gain) From Sale of Assets	-0.23	-0.34	-0.08	-
Asset Writedown & Restructuring Costs	-	-	-	0.02
Loss (Gain) From Sale of Investments	-28.11	-30.59	-4.17	-2.16
Provision & Write-off of Bad Debts	0.01	0.02	-0.25	0.25
Other Operating Activities	6.14	20.19	5.13	0.66
Change in Accounts Receivable	104.74	9.96	-11.75	-46.38
Change in Inventory	0.74	-50.94	10.2	-97.65
Change in Accounts Payable	-186.77	8.7	-104.31	132.86
Change in Other Net Operating Assets	23.05	15.7	12.6	3.5
Operating Cash Flow	-251.08	-143.66	-68.38	-0.13
Capital Expenditures	-67.82	-48.86	-16.14	-50.5
Sale of Property, Plant & Equipment	0.3	0.25	-	0
Investment in Securities	630	-1,071	70	-174
Other Investing Activities	29.82	17.61	3.38	1.94
Investing Cash Flow	592.3	-1,102	57.24	-222.56
Long-Term Debt Repaid	-10.73	-8.76	-4.16	-3.39
Net Debt Issued (Repaid)	-10.73	-8.76	-4.16	-3.39
Issuance of Common Stock	-	1,693	-	219.96
Repurchase of Common Stock	-40	-	-	-
Other Financing Activities	-	-26.15	-4.37	-0.56
Financing Cash Flow	-50.73	1,658	-8.53	216.01
Foreign Exchange Rate Adjustments	0.35	0.67	-0.48	-0
Net Cash Flow	290.85	412.91	-20.16	-6.68
Free Cash Flow	-318.89	-192.52	-84.53	-50.63
Free Cash Flow Margin	-80.48%	-70.38%	-20.97%	-19.93%
Free Cash Flow Per Share	-4.00	-2.51	-2.07	-1.09
Cash Income Tax Paid	-5.81	-3.56	6.17	1.2
Levered Free Cash Flow	-233.18	-147.48	-95.41	-60.67
Unlevered Free Cash Flow	-232.67	-147.01	-95.1	-60.28
Change in Working Capital	-58.24	-16.59	-93.26	-7.68

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