SHA:688579 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	34.93	60.12	64.08	81.15	61.91	103.1
Depreciation & Amortization	20.72	20.72	28.19	25.37	24.32	14.26
Other Amortization	7.23	7.23	-	-	-	-
Loss (Gain) From Sale of Assets	-	-	-0.03	-0.03	-	-0
Asset Writedown & Restructuring Costs	0.02	0.02	2.11	0	0.01	0
Loss (Gain) From Sale of Investments	-5.34	-5.34	-3.43	-2.01	-0.15	-1.73
Provision & Write-off of Bad Debts	26.93	26.93	22.25	13.1	13.07	9.26
Other Operating Activities	-22.02	0.42	2.41	0.34	2.27	1.47
Change in Accounts Receivable	34.35	34.35	18.54	-59.14	-15.15	-56.12
Change in Inventory	16.03	16.03	-6.42	-15.95	-42.67	7.08
Change in Accounts Payable	-48.31	-48.31	-50.59	-43.37	-1.99	21.13
Operating Cash Flow	61.78	109.41	72.76	-6.11	39.92	95.41
Operating Cash Flow Growth	-35.84%	50.37%	-	-	-58.16%	-25.42%
Capital Expenditures	-7.46	-6.92	-7.08	-56.53	-71.62	-133.84
Sale of Property, Plant & Equipment	0.01	0.01	0.1	0.07	0	0.01
Investment in Securities	-80	-80	-51.01	160.41	-270	460.3
Other Investing Activities	122.13	2.17	0.33	0.03	-	2.79
Investing Cash Flow	34.68	-84.74	-57.67	103.98	-341.62	329.25
Long-Term Debt Repaid	-	-	-0.13	-0.13	-0.25	-0.25
Net Debt Issued (Repaid)	-	-	-0.13	-0.13	-0.25	-0.25
Common Dividends Paid	-26	-26	-32	-20	-40	-40
Dividends Paid	-26	-26	-32	-20	-40	-40
Financing Cash Flow	-26	-26	-32.13	-20.13	-40.25	-40.25
Net Cash Flow	70.46	-1.32	-17.03	77.74	-341.94	384.41
Free Cash Flow	54.32	102.5	65.68	-62.64	-31.69	-38.42
Free Cash Flow Growth	-41.09%	56.05%	-	-	-	-
Free Cash Flow Margin	11.56%	19.71%	11.84%	-11.65%	-6.98%	-6.03%
Free Cash Flow Per Share	0.14	0.26	0.16	-0.16	-0.08	-0.10
Cash Income Tax Paid	34.08	34.08	34.6	26.38	37.6	14.99
Levered Free Cash Flow	37.21	63.71	-11.1	-55.7	-118.47	-117.64
Unlevered Free Cash Flow	37.21	63.71	-11.1	-55.69	-118.45	-117.64
Change in Working Capital	-0.69	-0.69	-42.8	-124.05	-61.51	-30.94

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