SHA:688566 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	219.33	219.09	154.67	114.9
Depreciation & Amortization	10.6	11.2	12.75	12.98
Other Amortization	0.89	1.07	1.09	1.09
Loss (Gain) From Sale of Assets	-	-	0.01	-
Asset Writedown & Restructuring Costs	42.24	-	-	-
Loss (Gain) From Sale of Investments	-1.39	0.48	-5.68	-17.26
Provision & Write-off of Bad Debts	2.26	7.2	0.73	-1.77
Other Operating Activities	-0.59	1.81	-0.4	-0.55
Change in Accounts Receivable	-24.28	-138.14	-72.08	42.96
Change in Inventory	-1.19	1.12	-0.83	0.28
Change in Accounts Payable	-37.6	38.47	39.43	-8.6
Change in Other Net Operating Assets	6.81	17.89	21.51	7.33
Operating Cash Flow	215.29	159.5	150.72	150.56
Operating Cash Flow Growth	34.98%	5.82%	0.11%	28.28%
Capital Expenditures	-174.53	-357.37	-292.7	-83.79
Sale of Property, Plant & Equipment	-	-	0.01	0
Investment in Securities	-51	-15	108.8	-270
Other Investing Activities	5.36	8.33	8.41	20.64
Investing Cash Flow	-220.17	-364.04	-175.49	-333.15
Short-Term Debt Issued	39.26	19.74	-	-
Total Debt Issued	39.26	19.74	-	-
Net Debt Issued (Repaid)	39.26	19.74	-	-
Issuance of Common Stock	222.29	24.29	-	-
Common Dividends Paid	-102.95	-44.87	-89.73	-89.73
Other Financing Activities	-1.31	-0.4	-	-
Financing Cash Flow	157.3	-1.23	-89.73	-89.73
Net Cash Flow	152.42	-205.77	-114.5	-272.32
Free Cash Flow	40.76	-197.87	-141.98	66.77
Free Cash Flow Growth	-	-	-	-28.73%
Free Cash Flow Margin	4.55%	-22.98%	-21.68%	13.10%
Free Cash Flow Per Share	0.21	-1.06	-0.76	0.35
Cash Income Tax Paid	141.42	93.83	83.36	83.52
Levered Free Cash Flow	-12.08	-303.05	-187.73	85.4
Unlevered Free Cash Flow	-12	-302.99	-187.5	85.4
Change in Working Capital	-58.05	-81.35	-12.44	41.18

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.