SHA:688582 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	303.41	222.17	165.4	116.61	82.61
Depreciation & Amortization	21.74	22.91	15.43	13.29	12.19
Other Amortization	10.48	7.17	4.46	3.04	2.55
Loss (Gain) From Sale of Assets	-0.09	-0.13	-0	-	-
Asset Writedown & Restructuring Costs	1.19	0.63	0.06	-	-1.4
Loss (Gain) From Sale of Investments	-22.44	-19.1	-8.86	-4.63	-5.12
Provision & Write-off of Bad Debts	3.49	4.76	6.91	3.6	4.02
Other Operating Activities	-3.92	-4.14	5.61	-1.27	0.22
Change in Accounts Receivable	-36.12	-71.38	-165.89	-57.89	-72.85
Change in Inventory	-76.12	-23.32	-18.38	-21.3	-12.92
Change in Accounts Payable	85.09	8.8	14.5	15.21	10.59
Change in Other Net Operating Assets	27.46	18.15	-	-	-
Operating Cash Flow	313.01	166.53	19.25	66.65	23.42
Operating Cash Flow Growth	87.96%	765.08%	-71.12%	184.55%	-
Capital Expenditures	-29.93	-38.24	-19.36	-24.3	-12.34
Sale of Property, Plant & Equipment	0	-	0.01	0.3	2.33
Investment in Securities	-122.05	-377.48	-525.99	89.23	-22.83
Other Investing Activities	19.05	15.8	-	4.32	5.12
Investing Cash Flow	-132.93	-399.92	-545.34	69.54	-27.72
Long-Term Debt Repaid	-9.88	-10.99	-6.54	-4.86	-
Net Debt Issued (Repaid)	-9.88	-10.99	-6.54	-4.86	-
Issuance of Common Stock	29.75	15.87	1,376	-	-
Common Dividends Paid	-152.25	-51.2	-24	-16.55	-
Other Financing Activities	-0	-0.34	-28.71	-	-4.42
Financing Cash Flow	-132.38	-46.66	1,317	-21.42	-4.42
Foreign Exchange Rate Adjustments	-0.47	-0.29	-0.51	-0.13	0.16
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	47.24	-280.33	790.25	114.64	-8.56
Free Cash Flow	283.09	128.29	-0.11	42.35	11.09
Free Cash Flow Growth	120.66%	-	-	281.98%	-
Free Cash Flow Margin	54.05%	31.71%	-0.03%	18.67%	6.67%
Free Cash Flow Per Share	0.70	0.32	-	0.12	0.03
Cash Income Tax Paid	59.13	34.25	30.59	12.78	11.56
Levered Free Cash Flow	186.59	40.88	-84.13	-5.61	-21.55
Unlevered Free Cash Flow	187.08	41.49	-83.83	-5.34	-21.31
Change in Working Capital	-0.84	-67.74	-169.77	-63.98	-71.65

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