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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	253.46	261	219.33	219.09	154.67	114.9
Depreciation & Amortization	17.77	17.77	10.6	11.2	12.75	12.98
Other Amortization	0.69	0.69	0.89	1.07	1.09	1.09
Loss (Gain) From Sale of Assets	-	-	-	-	0.01	-
Asset Writedown & Restructuring Costs	0.01	0.01	42.24	-	-	-
Loss (Gain) From Sale of Investments	0.81	0.81	-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	-62.12	-3.69	-0.59	1.81	-0.4	-0.55
Change in Accounts Receivable	-61	-61	-24.28	-138.14	-72.08	42.96
Change in Inventory	3.61	3.61	-1.19	1.12	-0.83	0.28
Change in Accounts Payable	11.58	11.58	-37.6	38.47	39.43	-8.6
Change in Other Net Operating Assets	23.03	23.03	6.81	17.89	21.51	7.33
Operating Cash Flow	182.34	248.3	215.29	159.5	150.72	150.56
Operating Cash Flow Growth	2.79%	15.33%	34.98%	5.82%	0.11%	28.28%
Capital Expenditures	-111.35	-114.6	-174.53	-357.37	-292.7	-83.79
Sale of Property, Plant & Equipment	0	0	-	-	0.01	0
Cash Acquisitions	-20.38	-20.38	-	-	-	-
Investment in Securities	-5	-10	-51	-15	108.8	-270
Other Investing Activities	67.8	-129.6	5.36	8.33	8.41	20.64
Investing Cash Flow	-68.92	-274.57	-220.17	-364.04	-175.49	-333.15
Short-Term Debt Issued	-	-	39.26	19.74	-	-
Total Debt Issued	-	-	39.26	19.74	-	-
Total Debt Repaid	-2.2	-	-	-	-	-
Net Debt Issued (Repaid)	-2.2	-	39.26	19.74	-	-
Issuance of Common Stock	-	-	222.29	24.29	-	-
Common Dividends Paid	-103.71	-103.7	-102.95	-44.87	-89.73	-89.73
Other Financing Activities	52.59	63.85	-1.31	-0.4	-	-
Financing Cash Flow	-53.32	-39.86	157.3	-1.23	-89.73	-89.73
Net Cash Flow	60.1	-66.13	152.42	-205.77	-114.5	-272.32
Free Cash Flow	70.99	133.71	40.76	-197.87	-141.98	66.77
Free Cash Flow Growth	306.03%	228.01%	-	-	-	-28.73%
Free Cash Flow Margin	7.17%	13.84%	4.55%	-22.98%	-21.68%	13.10%
Free Cash Flow Per Share	0.35	0.67	0.21	-1.06	-0.76	0.35
Cash Income Tax Paid	167.44	152.97	141.42	93.83	83.36	83.52
Levered Free Cash Flow	-46.33	20.19	-12.08	-303.05	-187.73	85.4
Unlevered Free Cash Flow	-46.33	20.19	-12	-302.99	-187.5	85.4
Change in Working Capital	-28.28	-28.28	-58.05	-81.35	-12.44	41.18

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