SHA:688559 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	-163.07	321.74	380.4	109.17
Depreciation & Amortization	127.67	124.29	90.71	43.16
Other Amortization	22.82	10.48	9	6.56
Loss (Gain) From Sale of Assets	0.35	0.07	-0.52	-0
Asset Writedown & Restructuring Costs	0.6	0.24	100.46	19.19
Loss (Gain) From Sale of Investments	-9.19	-7.52	-2.17	-8.6
Provision & Write-off of Bad Debts	30.39	82.61	67.34	14.15
Other Operating Activities	314.2	97.09	24.08	16.71
Change in Accounts Receivable	-232.99	-619.48	-225.53	-523.46
Change in Inventory	636.31	-1,510	-1,638	-990.79
Change in Accounts Payable	-1,434	489.34	1,601	1,769
Change in Other Net Operating Assets	25.91	48.38	100.71	47.62
Operating Cash Flow	-711.99	-993.06	488.53	486.93
Operating Cash Flow Growth	-	-	0.33%	148.09%
Capital Expenditures	-410.48	-508.12	-314.09	-337.07
Sale of Property, Plant & Equipment	0.55	2.18	0.07	0.43
Cash Acquisitions	-	-3.56	-	-
Divestitures	-	-	-	0
Investment in Securities	-280.66	-18.12	-63.97	31.42
Other Investing Activities	5.66	4	5.47	6.84
Investing Cash Flow	-684.94	-523.62	-372.52	-298.37
Short-Term Debt Issued	2,917	2,088	-	-
Long-Term Debt Issued	871.98	771.68	1,105	300
Total Debt Issued	3,789	2,860	1,105	300
Short-Term Debt Repaid	-1,803	-1,115	-	-
Long-Term Debt Repaid	-688.02	-570.54	-535.29	-371.59
Total Debt Repaid	-2,491	-1,685	-535.29	-371.59
Net Debt Issued (Repaid)	1,297	1,175	569.94	-71.59
Issuance of Common Stock	1,053	33.35	25.14	-
Repurchase of Common Stock	-10.11	-105.17	-	-
Common Dividends Paid	-85.53	-94.66	-30.66	-9.74
Other Financing Activities	-225.75	-33.84	-335.69	-
Financing Cash Flow	2,029	974.39	228.73	-81.33
Foreign Exchange Rate Adjustments	-0.01	2.03	6.59	-
Net Cash Flow	631.88	-540.26	351.34	107.23
Free Cash Flow	-1,122	-1,501	174.44	149.86
Free Cash Flow Growth	-	-	16.40%	-
Free Cash Flow Margin	-24.81%	-31.25%	4.25%	7.55%
Free Cash Flow Per Share	-5.23	-7.42	0.85	0.74
Cash Income Tax Paid	99.87	267.07	189.35	87.63
Levered Free Cash Flow	-1,312	-1,744	-66	141.9
Unlevered Free Cash Flow	-1,278	-1,737	-43.65	148.56
Change in Working Capital	-1,036	-1,622	-180.77	286.58

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