SHA:688585 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	41.09	88.68	70.94	84.15	12.58
Depreciation & Amortization	42.35	38.65	34.97	35.15	33.94
Other Amortization	2.51	0.06	0.06	0.47	0.51
Loss (Gain) From Sale of Assets	-0.02	-0.26	-0.23	-0.12	0.16
Asset Writedown & Restructuring Costs	0.4	0.26	0.03	2.27	-
Loss (Gain) From Sale of Investments	14.71	5.91	3.43	-1.1	-1.41
Stock-Based Compensation	3.86	-0.76	0.56	0.77	0.74
Provision & Write-off of Bad Debts	12.4	-0.96	1.19	-1.41	1.55
Other Operating Activities	0.07	1.25	6.37	5.33	6.39
Change in Accounts Receivable	-225.37	-106.8	212.34	-80.66	63.65
Change in Inventory	-5.7	-57.6	-13.92	66.14	-2.77
Change in Accounts Payable	214.1	56.66	3.96	-163.24	-174.39
Change in Other Net Operating Assets	-0.2	3.69	9.31	21.45	2.66
Operating Cash Flow	95.64	25.95	321.59	-37.58	-60.55
Operating Cash Flow Growth	268.51%	-91.93%	-	-	-
Capital Expenditures	-38.6	-16.89	-13.9	-36.27	-56.76
Sale of Property, Plant & Equipment	-	0.41	4.78	11.88	0.13
Cash Acquisitions	-	-	-	-	-210
Investment in Securities	0.96	-71.19	-126.27	-	-
Other Investing Activities	3.73	4.06	1.12	3.9	2.32
Investing Cash Flow	-33.91	-83.62	-134.27	-20.49	-264.32
Short-Term Debt Issued	-	-	-	367.81	590.96
Long-Term Debt Issued	53.95	14	8.28	-	-
Total Debt Issued	53.95	14	8.28	367.81	590.96
Short-Term Debt Repaid	-	-	-	-285.04	-298.99
Long-Term Debt Repaid	-68.66	-15.28	-11.96	-3.59	-3.37
Total Debt Repaid	-68.66	-15.28	-11.96	-288.63	-302.37
Net Debt Issued (Repaid)	-14.71	-1.28	-3.68	79.18	288.59
Issuance of Common Stock	-	0.39	0.3	-	-
Common Dividends Paid	-13.11	-24.49	-8.9	-0.98	-32.12
Other Financing Activities	-	-	-	-	3
Financing Cash Flow	-27.82	-25.38	-12.27	78.2	259.47
Foreign Exchange Rate Adjustments	-0.18	-1.43	4.27	3.95	0.84
Net Cash Flow	33.72	-84.47	179.32	24.07	-64.56
Free Cash Flow	57.04	9.06	307.69	-73.86	-117.31
Free Cash Flow Growth	529.60%	-97.06%	-	-	-
Free Cash Flow Margin	3.17%	0.61%	21.98%	-3.97%	-5.66%
Free Cash Flow Per Share	0.14	0.02	0.78	-0.18	-0.28
Cash Income Tax Paid	6.47	37.54	25.99	18.89	-11.88
Levered Free Cash Flow	-108.87	12.54	472.07	40.43	33.33
Unlevered Free Cash Flow	-108.05	12.76	472.66	43.2	39.94
Change in Working Capital	-21.73	-106.88	204.26	-163.09	-115.02

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