SHA:688557 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	112.07	110.43	90.52	80.5
Depreciation & Amortization	26.27	23.24	14.67	13.59
Other Amortization	0.38	0.38	0.22	-
Loss (Gain) From Sale of Assets	0.14	0.15	0.36	-
Asset Writedown & Restructuring Costs	-	-	-	4.93
Loss (Gain) From Sale of Investments	-1.42	-2.4	-6.02	-12.41
Provision & Write-off of Bad Debts	55.26	42.67	11.99	8.76
Other Operating Activities	6.3	3.31	4.56	4.63
Change in Accounts Receivable	-392.15	-291.63	-242.8	-234.81
Change in Inventory	-49.85	93.07	-21.47	-127.4
Change in Accounts Payable	468.48	-10.02	57.86	290.73
Change in Other Net Operating Assets	-1.05	2.91	0.85	-
Operating Cash Flow	214.59	-35.31	-92.73	25.85
Capital Expenditures	-17.74	-51.54	-40.11	-95.57
Sale of Property, Plant & Equipment	0.02	0.05	-	-
Investment in Securities	-105	91	207	-243
Other Investing Activities	1.3	2.79	8.56	9.51
Investing Cash Flow	-121.41	42.3	175.45	-329.06
Short-Term Debt Issued	-	10	-	-
Total Debt Issued	-	10	-	-
Short-Term Debt Repaid	-10	-	-	-
Long-Term Debt Repaid	-1.46	-0.35	-	-13.99
Total Debt Repaid	-11.46	-0.35	-	-13.99
Net Debt Issued (Repaid)	-11.46	9.65	-	-13.99
Issuance of Common Stock	-	10.46	-	-
Common Dividends Paid	-33.77	-27.82	-24.71	-25.51
Financing Cash Flow	-45.23	-7.7	-24.71	-39.49
Foreign Exchange Rate Adjustments	-0.09	0.02	-0.01	-0.11
Net Cash Flow	47.86	-0.69	58	-342.82
Free Cash Flow	196.85	-86.85	-132.84	-69.72
Free Cash Flow Margin	16.30%	-8.90%	-14.51%	-11.54%
Free Cash Flow Per Share	1.93	-0.84	-1.28	-0.69
Cash Income Tax Paid	83.8	60.79	26.19	36.34
Levered Free Cash Flow	157.01	-144.45	-17.55	-57.21
Unlevered Free Cash Flow	157.16	-144.3	-17.55	-57.18
Change in Working Capital	15.6	-213.08	-209.03	-74.14

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