SHA:688545 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	192.2	159.47	123.99	191.41	99.85	-21.67
Depreciation & Amortization	140.1	140.1	103.6	-	-	28.65
Other Amortization	5.31	5.31	1.87	-	-	1.83
Loss (Gain) From Sale of Assets	-	-	-0	-	-	-0.33
Asset Writedown & Restructuring Costs	12.99	12.99	7.25	-	-	3.65
Loss (Gain) From Sale of Investments	-2.65	-2.65	-4.2	-	-	-1.94
Provision & Write-off of Bad Debts	0.58	0.58	13.85	-	-	-
Other Operating Activities	-217.59	2.37	0.43	-24.84	-0.98	11.58
Change in Accounts Receivable	-34.15	-34.15	-9.5	-	-	-54.45
Change in Inventory	-37.21	-37.21	-30.42	-	-	0.47
Change in Accounts Payable	78.67	78.67	98.1	-	-	39.11
Change in Other Net Operating Assets	-5.51	-5.51	-6.67	-	-	-1.59
Operating Cash Flow	146.6	333.84	310.99	166.57	98.86	5.24
Operating Cash Flow Growth	-52.86%	7.35%	86.70%	68.49%	1785.55%	-
Capital Expenditures	-426.71	-414.85	-630.76	-462.99	-266.94	-86.07
Sale of Property, Plant & Equipment	-	-	-	15.02	90.48	188.87
Investment in Securities	-600.1	-34.5	-18.98	7	5	0.5
Other Investing Activities	19.44	16.29	-0.49	-	-	-
Investing Cash Flow	-1,007	-433.06	-650.23	-440.97	-171.46	103.3
Long-Term Debt Issued	-	102.57	55	-	219.81	95
Long-Term Debt Repaid	-	-48.14	-	-52.01	-351.9	-34.6
Net Debt Issued (Repaid)	-107	54.43	55	-52.01	-132.1	60.4
Issuance of Common Stock	1,091	-	-	-	834	162
Common Dividends Paid	-71.91	-2.87	-0.62	-0.1	-7.88	-17.33
Other Financing Activities	-9.68	-	-	98.9	-53.76	-268.8
Financing Cash Flow	902.05	51.56	54.38	46.79	640.27	-63.73
Foreign Exchange Rate Adjustments	1.63	1.55	0.12	0.24	-0.2	-0.08
Net Cash Flow	42.91	-46.1	-284.73	-227.36	567.47	44.74
Free Cash Flow	-280.11	-81.01	-319.78	-296.42	-168.08	-80.83
Free Cash Flow Margin	-20.58%	-7.12%	-36.41%	-37.40%	-31.74%	-31.64%
Free Cash Flow Per Share	-0.85	-0.31	-1.24	-1.15	-	-
Cash Income Tax Paid	15.91	5.32	-47.66	11.33	0.44	-4.55
Levered Free Cash Flow	-	-140.11	-353.67	-108.38	-262.25	-
Unlevered Free Cash Flow	-	-138.63	-353.4	-108.36	-257.53	-
Change in Working Capital	15.67	15.67	64.2	-	-	-16.54

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