SHA:688570 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	138.09	339.58	424.5	396.64	371.18	301.45
Depreciation & Amortization	37.63	37.63	33.61	23.51	18.29	12.63
Other Amortization	3.69	3.69	0.99	0.77	-	-
Loss (Gain) From Sale of Assets	0.03	0.03	-0.26	0.36	0.55	-
Asset Writedown & Restructuring Costs	24.14	24.14	0.02	0.02	0.02	0.04
Loss (Gain) From Sale of Investments	-4.51	-4.51	-0.11	8.17	1.68	-1.27
Provision & Write-off of Bad Debts	-	-	27.16	7.09	-5.89	1.81
Other Operating Activities	66.3	2.29	4.26	-0.58	5.18	-0.72
Change in Accounts Receivable	-141.4	-141.4	-343.1	-159.14	-32.3	-7.02
Change in Inventory	16.91	16.91	-75.21	-82.48	5.2	18.52
Change in Accounts Payable	89.3	89.3	198.35	93.32	160.41	-166.82
Operating Cash Flow	229.04	366.51	265.54	284.56	527.3	158.02
Operating Cash Flow Growth	-56.92%	38.02%	-6.69%	-46.03%	233.69%	408.72%
Capital Expenditures	-55.43	-45.66	-34.79	-12.97	-24.17	-7.01
Sale of Property, Plant & Equipment	0.03	0.03	0.02	0.37	0.15	-
Investment in Securities	-400	-47.03	-	-	-	-
Other Investing Activities	-300	-299.99	-	-	-0.3	0
Investing Cash Flow	-755.4	-392.65	-34.77	-12.6	-24.32	-7.01
Short-Term Debt Issued	-	-	-	-	20	40
Total Debt Issued	-	-	-	-	20	40
Short-Term Debt Repaid	-	-	-	-	-20	-31.83
Long-Term Debt Repaid	-	-2.22	-2.25	-	-	-
Total Debt Repaid	-2.22	-2.22	-2.25	-	-20	-31.83
Net Debt Issued (Repaid)	-2.22	-2.22	-2.25	-	-	8.17
Issuance of Common Stock	-	-	2,143	-	-	-
Common Dividends Paid	-142.89	-173.2	-	-	-270.37	-129.15
Other Financing Activities	-1.84	-1.19	-16.45	-2.54	-40.94	-30
Financing Cash Flow	-146.95	-176.61	2,125	-2.54	-311.31	-150.98
Foreign Exchange Rate Adjustments	-	-	-	-0.01	-0.02	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-0
Net Cash Flow	-673.32	-202.75	2,355	269.41	191.66	0.03
Free Cash Flow	173.61	320.85	230.75	271.59	503.13	151.01
Free Cash Flow Growth	-64.69%	39.05%	-15.04%	-46.02%	233.18%	903.50%
Free Cash Flow Margin	10.05%	17.24%	10.46%	13.80%	32.40%	12.99%
Free Cash Flow Per Share	0.39	0.74	0.58	0.75	1.40	0.42
Cash Income Tax Paid	85.22	140.32	156.33	167.5	145.18	159.71
Levered Free Cash Flow	161.61	244.9	131.79	196.95	391.97	3.72
Unlevered Free Cash Flow	162.99	245.94	133.47	197.59	393.91	5.74
Change in Working Capital	-36.34	-36.34	-224.63	-151.41	136.29	-155.92

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