SHA:688543 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
Period Ending	Sep '25 Sep 30, 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
Net Income	192.44	198.73	140.69	110.48	75.43	63.38
Depreciation & Amortization	52.76	52.76	48.95	41.62	32.19	21.74
Other Amortization	0.73	0.73	0.39	0.47	0.52	0.6
Loss (Gain) From Sale of Assets	-19.41	-19.41	-0.01	-0	-	-0.17
Asset Writedown & Restructuring Costs	-0.5	-0.5	1.09	5.42	3.46	1.84
Loss (Gain) From Sale of Investments	-2.26	-2.26	-0.03	-	-	-0.13
Provision & Write-off of Bad Debts	24.24	24.24	0.46	12.24	-1.27	23.97
Other Operating Activities	364.34	11.11	17.68	16.88	15.8	15.44
Change in Accounts Receivable	-350.23	-350.23	-7.85	-127.43	34.88	-9.7
Change in Inventory	29.02	29.02	31.63	-98.56	-66	32.86
Change in Accounts Payable	-45.36	-45.36	209.99	198.14	70.94	100.64
Operating Cash Flow	241.55	-105.39	441.49	159.97	165.65	247.62
Operating Cash Flow Growth	38.36%	-	175.98%	-3.43%	-33.10%	524.08%
Capital Expenditures	-97.48	-142.07	-91.05	-153.88	-191.78	-173.53
Sale of Property, Plant & Equipment	19.38	19.42	0.25	-	-	0.27
Investment in Securities	-80	-30	-	-	-	-
Other Investing Activities	1.18	-	0.03	-	-	0.13
Investing Cash Flow	-156.92	-152.65	-90.77	-153.88	-191.78	-173.13
Long-Term Debt Issued	-	-	129.96	144.91	452.77	600.11
Long-Term Debt Repaid	-	-50.41	-417.7	-172.3	-391.51	-557.7
Net Debt Issued (Repaid)	-60.41	-50.41	-287.74	-27.39	61.26	42.41
Issuance of Common Stock	3	3	1,465	-	179.71	-
Repurchase of Common Stock	-76.15	-76.15	-	-	-	-
Common Dividends Paid	-158.3	-119.42	-11.73	-16.73	-18.12	-20.77
Other Financing Activities	69.89	-2.75	-24.1	-0.62	-	1.51
Financing Cash Flow	-221.97	-245.73	1,141	-44.73	222.85	23.14
Net Cash Flow	-137.35	-503.77	1,492	-38.64	196.72	97.63
Free Cash Flow	144.07	-247.46	350.44	6.09	-26.13	74.09
Free Cash Flow Growth	193.22%	-	5652.01%	-	-	-
Free Cash Flow Margin	11.85%	-20.55%	33.69%	0.73%	-3.89%	12.90%
Free Cash Flow Per Share	0.69	-1.18	1.89	0.04	-0.18	0.51
Cash Income Tax Paid	100.56	87.62	32.43	11.69	22.13	10.84
Levered Free Cash Flow	-76.69	-350.76	243.54	-62.99	-51.39	-
Unlevered Free Cash Flow	-75.58	-348.71	250.68	-54.02	-42.05	-
Change in Working Capital	-370.79	-370.79	232.29	-27.13	39.52	120.96

Source: S&P Global Market Intelligence. Standard template. Financial Sources.