SHA:688589 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	20.57	84.34	106.89	75.14	42.04
Depreciation & Amortization	18.11	21.16	16.42	12.79	11.08
Other Amortization	15.26	2.83	6.31	5.22	2.01
Loss (Gain) From Sale of Assets	-0.54	-0.05	-	-0.02	-
Asset Writedown & Restructuring Costs	-1.42	1.28	0.68	-0.55	3.51
Loss (Gain) From Sale of Investments	-12.64	-8.63	-5.04	-10.28	-10.45
Provision & Write-off of Bad Debts	7.12	8.87	0.98	8.59	11
Other Operating Activities	23.16	23.88	17.65	9.73	1.06
Change in Accounts Receivable	36.13	-75.99	165.66	-104.69	-107.87
Change in Inventory	4.66	25.88	21.75	-43.9	-20.25
Change in Accounts Payable	-33.39	-4.43	-66	-3.75	108.96
Change in Other Net Operating Assets	-1.2	7.17	6.91	9.42	3.25
Operating Cash Flow	73.95	88.64	272.77	-47.38	37.3
Operating Cash Flow Growth	-16.57%	-67.50%	-	-	1275.55%
Capital Expenditures	-41.88	-45.67	-37.43	-29.99	-19.77
Sale of Property, Plant & Equipment	0	0	0	0.01	0
Investment in Securities	-44	-162	-23	241	-311.64
Other Investing Activities	15.17	5.51	3.2	10.27	9.29
Investing Cash Flow	-70.71	-202.15	-57.23	221.29	-322.11
Short-Term Debt Issued	-	-	-	9.45	-
Long-Term Debt Issued	-	-	374.81	-	-
Total Debt Issued	-	-	374.81	9.45	-
Long-Term Debt Repaid	-5.89	-5.82	-6.16	-3.64	-5.56
Total Debt Repaid	-5.89	-5.82	-6.16	-3.64	-5.56
Net Debt Issued (Repaid)	-5.89	-5.82	368.65	5.81	-5.56
Issuance of Common Stock	-	22.34	10.58	5.53	-
Repurchase of Common Stock	-7.53	-16.5	-	-	-
Common Dividends Paid	-38.13	-36.29	-25.05	-20	-15
Other Financing Activities	-	-	-2.54	-	-
Financing Cash Flow	-51.54	-36.27	351.65	-8.66	-20.56
Foreign Exchange Rate Adjustments	0.02	-0.03	-0.03	-0.06	-0.01
Net Cash Flow	-48.28	-149.82	567.15	165.2	-305.38
Free Cash Flow	32.08	42.97	235.34	-77.37	17.52
Free Cash Flow Growth	-25.35%	-81.74%	-	-	-
Free Cash Flow Margin	8.96%	7.83%	40.63%	-15.36%	4.87%
Free Cash Flow Per Share	0.22	0.30	1.61	-0.54	0.12
Cash Income Tax Paid	19.08	35.3	35.58	31.77	11.34
Levered Free Cash Flow	-35.54	6.73	198.15	-107.36	37.72
Unlevered Free Cash Flow	-22.22	19.21	204.5	-106.73	38.4
Change in Working Capital	4.33	-45.03	128.88	-147.99	-22.96

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