SHA:688566 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	241.67	219.33	219.09	154.67	114.9	129.72
Depreciation & Amortization	10.6	10.6	11.2	12.75	12.98	13.3
Other Amortization	0.89	0.89	1.07	1.09	1.09	0.82
Loss (Gain) From Sale of Assets	-	-	-	0.01	-	-0
Asset Writedown & Restructuring Costs	42.24	42.24	-	-	-	-
Loss (Gain) From Sale of Investments	-1.39	-1.39	0.48	-5.68	-17.26	-17.88
Provision & Write-off of Bad Debts	2.26	2.26	7.2	0.73	-1.77	3.09
Other Operating Activities	-25.31	-0.59	1.81	-0.4	-0.55	0.14
Change in Accounts Receivable	-24.28	-24.28	-138.14	-72.08	42.96	-57.21
Change in Inventory	-1.19	-1.19	1.12	-0.83	0.28	-2.91
Change in Accounts Payable	-37.6	-37.6	38.47	39.43	-8.6	52.69
Change in Other Net Operating Assets	6.81	6.81	17.89	21.51	7.33	-
Operating Cash Flow	212.92	215.29	159.5	150.72	150.56	117.36
Operating Cash Flow Growth	-8.98%	34.98%	5.82%	0.11%	28.28%	1.66%
Capital Expenditures	-138.39	-174.53	-357.37	-292.7	-83.79	-23.68
Sale of Property, Plant & Equipment	0.02	-	-	0.01	0	0
Investment in Securities	-81.38	-51	-15	108.8	-270	-
Other Investing Activities	210.23	5.36	8.33	8.41	20.64	17.88
Investing Cash Flow	-9.52	-220.17	-364.04	-175.49	-333.15	-5.8
Short-Term Debt Issued	-	39.26	19.74	-	-	-
Total Debt Issued	39.26	39.26	19.74	-	-	-
Net Debt Issued (Repaid)	39.26	39.26	19.74	-	-	-
Issuance of Common Stock	-	222.29	24.29	-	-	1,038
Common Dividends Paid	-155.6	-102.95	-44.87	-89.73	-89.73	-44.87
Other Financing Activities	20.63	-1.31	-0.4	-	-	-10.99
Financing Cash Flow	-95.7	157.3	-1.23	-89.73	-89.73	982.42
Net Cash Flow	107.69	152.42	-205.77	-114.5	-272.32	1,094
Free Cash Flow	74.53	40.76	-197.87	-141.98	66.77	93.68
Free Cash Flow Growth	1651.07%	-	-	-	-28.73%	9.91%
Free Cash Flow Margin	7.78%	4.55%	-22.98%	-21.68%	13.10%	16.55%
Free Cash Flow Per Share	0.37	0.21	-1.06	-0.76	0.35	0.56
Cash Income Tax Paid	152.75	141.42	93.83	83.36	83.52	88.14
Levered Free Cash Flow	-2.67	-12.08	-303.05	-187.73	85.4	39.29
Unlevered Free Cash Flow	-2.52	-12	-302.99	-187.5	85.4	39.29
Change in Working Capital	-58.05	-58.05	-81.35	-12.44	41.18	-11.82

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.