SHA:688522 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	76.61	63.3	105.95	96.62
Depreciation & Amortization	26.31	20.39	17.03	11.87
Other Amortization	4.39	1.98	1.48	0.3
Loss (Gain) From Sale of Assets	-	-0.1	-	0
Asset Writedown & Restructuring Costs	8.6	0.08	-	7
Loss (Gain) From Sale of Investments	-1.8	-	-	-0.53
Provision & Write-off of Bad Debts	38.31	27.4	11.57	-
Other Operating Activities	-11.78	2.25	1.04	0.38
Change in Accounts Receivable	-3.78	-120.56	-73.76	-59.68
Change in Inventory	-124.77	-43.7	-33.68	-44.83
Change in Accounts Payable	168.08	34.12	-3.73	30.1
Change in Other Net Operating Assets	4.39	4.67	2.63	3.93
Operating Cash Flow	148.7	-8.41	34.41	45.09
Operating Cash Flow Growth	-	-	-23.68%	-
Capital Expenditures	-114.02	-51.66	-23.95	-20.93
Sale of Property, Plant & Equipment	-	0.13	-	-
Investment in Securities	-317.7	-	-	0.53
Other Investing Activities	-1,107	-	-	-
Investing Cash Flow	-1,538	-51.53	-23.95	-20.4
Short-Term Debt Issued	-	90	60	-
Total Debt Issued	-	90	60	-
Short-Term Debt Repaid	-60	-90	-	-0.99
Long-Term Debt Repaid	-3.39	-1.82	-1.55	-1.33
Total Debt Repaid	-63.39	-91.82	-1.55	-2.33
Net Debt Issued (Repaid)	-63.39	-1.82	58.45	-2.33
Issuance of Common Stock	-	1,680	-	-
Common Dividends Paid	-23.99	-79.26	-0.69	-0.03
Other Financing Activities	-15.1	-29.03	-1.8	-
Financing Cash Flow	-102.48	1,570	55.95	-2.35
Foreign Exchange Rate Adjustments	0.04	-0.02	0.02	-0.02
Net Cash Flow	-1,492	1,510	66.44	22.32
Free Cash Flow	34.68	-60.06	10.47	24.16
Free Cash Flow Growth	-	-	-56.68%	-
Free Cash Flow Margin	10.04%	-28.27%	4.98%	13.20%
Free Cash Flow Per Share	0.11	-0.20	0.05	0.11
Cash Interest Paid	0.02	0.01	-	-
Cash Income Tax Paid	5.79	13.27	9.93	6.35
Levered Free Cash Flow	30.86	-95.02	-45.29	-2.83
Unlevered Free Cash Flow	31.48	-93.66	-44.68	-2.63
Change in Working Capital	8.05	-123.71	-102.66	-70.54

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