SHA:688519 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	50.32	-129.49	44.97	399.33
Depreciation & Amortization	131.33	119.28	89.56	68.51
Other Amortization	2.09	0.57	0.47	0.2
Loss (Gain) From Sale of Assets	-	-	-	0.18
Asset Writedown & Restructuring Costs	0.26	4.61	13.38	4.54
Loss (Gain) From Sale of Investments	0.44	-0.01	-7.55	-20.43
Provision & Write-off of Bad Debts	18.25	-2.55	-	-
Other Operating Activities	24.41	61.34	11.33	4.76
Change in Accounts Receivable	-359.78	353.86	294.59	-953.88
Change in Inventory	103.35	-118.84	-16.48	-131.51
Change in Accounts Payable	351.66	-216.7	-121.07	695.32
Change in Other Net Operating Assets	6.15	-13.75	8.52	10.23
Operating Cash Flow	325.31	25.93	285.36	48.59
Operating Cash Flow Growth	1154.57%	-90.91%	487.30%	-
Capital Expenditures	-140.23	-281.04	-519.95	-510.41
Sale of Property, Plant & Equipment	0.04	0.01	0.54	0.03
Investment in Securities	37	200	399	281.57
Other Investing Activities	-	1	10.57	-
Investing Cash Flow	-103.2	-80.03	-109.84	-228.82
Short-Term Debt Issued	-	-	1,045	631.64
Long-Term Debt Issued	800	932.96	-	20
Total Debt Issued	800	932.96	1,045	651.64
Short-Term Debt Repaid	-569.48	-758.44	-960	-430.98
Long-Term Debt Repaid	-339.33	-54.23	-3.8	-3.98
Total Debt Repaid	-908.82	-812.67	-963.8	-434.96
Net Debt Issued (Repaid)	-108.82	120.29	81.16	216.69
Issuance of Common Stock	99.12	-	4.92	-
Repurchase of Common Stock	-149.99	-30	-216	-63.95
Common Dividends Paid	-28.22	-71.32	-70.79	-51.66
Other Financing Activities	95.5	114.01	-214.97	-
Financing Cash Flow	-92.4	132.98	-415.68	101.07
Foreign Exchange Rate Adjustments	1.55	-0.94	0.67	0.78
Net Cash Flow	131.27	77.94	-239.49	-78.37
Free Cash Flow	185.08	-255.11	-234.6	-461.82
Free Cash Flow Margin	5.51%	-8.55%	-6.21%	-10.98%
Free Cash Flow Per Share	0.81	-1.12	-1.04	-1.97
Cash Interest Paid	2.51	0.96	-	-
Cash Income Tax Paid	9.17	-77.47	-2.68	82.62
Levered Free Cash Flow	110.78	-169.2	-273.82	-670.11
Unlevered Free Cash Flow	116.47	-160.52	-266.32	-666.65
Change in Working Capital	98.22	-27.81	133.18	-408.5

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