SHA:688591 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	127.28	97.41	49.77	49.77	95.01
Depreciation & Amortization	41.99	28.82	22.47	22.12	20.4
Other Amortization	0.63	1.19	0.12	0.28	1.26
Loss (Gain) From Sale of Assets	-	-0.01	-	-	-0
Asset Writedown & Restructuring Costs	-6.78	0.87	0.34	0.17	3.73
Loss (Gain) From Sale of Investments	-7.05	-1.28	-	-	-0.05
Provision & Write-off of Bad Debts	-	1.18	0.47	-0.81	0.23
Other Operating Activities	-11.18	-13.97	-2	-5.02	2.94
Change in Accounts Receivable	-11.5	-18.42	-33.47	-7.27	-6.71
Change in Inventory	-14.96	8.54	95.55	-20.22	-116.02
Change in Accounts Payable	28.83	37.15	13.55	-19.25	-1.36
Change in Other Net Operating Assets	46.64	14.17	3.73	4.64	9.67
Operating Cash Flow	191.33	149.72	150.95	23.13	9.34
Operating Cash Flow Growth	27.79%	-0.81%	552.70%	147.54%	-85.44%
Capital Expenditures	-53.66	-72.24	-47.34	-19.49	-26.72
Sale of Property, Plant & Equipment	-	0.1	-	0	0.09
Investment in Securities	-139.7	-391.29	-879	-	0.05
Other Investing Activities	25.43	19.06	-	-	-
Investing Cash Flow	-167.93	-444.38	-926.34	-19.48	-26.58
Short-Term Debt Issued	-	-	0.35	0.3	0.2
Total Debt Issued	-	-	0.35	0.3	0.2
Short-Term Debt Repaid	-	-	-0.39	-0.23	-0.2
Long-Term Debt Repaid	-	-5.53	-4.16	-3.48	-3.78
Total Debt Repaid	-	-5.53	-4.55	-3.7	-3.99
Net Debt Issued (Repaid)	-	-5.53	-4.19	-3.4	-3.78
Issuance of Common Stock	11.97	-	1,383	-	-
Repurchase of Common Stock	-	-92.96	-	-	-
Common Dividends Paid	-48.48	-17.39	-	-	-
Other Financing Activities	-11.4	-	-13.28	-10.29	-0.77
Financing Cash Flow	-47.91	-115.89	1,365	-13.7	-4.55
Foreign Exchange Rate Adjustments	-3.81	5.62	3.1	17.35	-4.29
Net Cash Flow	-28.31	-404.92	593.02	7.3	-26.08
Free Cash Flow	137.68	77.47	103.61	3.64	-17.38
Free Cash Flow Growth	77.70%	-25.22%	2745.67%	-	-
Free Cash Flow Margin	13.56%	9.18%	16.29%	0.60%	-2.67%
Free Cash Flow Per Share	0.57	0.33	0.52	0.02	-0.10
Cash Income Tax Paid	15.29	1.98	9.76	-6.13	-11.61
Levered Free Cash Flow	31.82	34.21	74.77	-34.11	-59.13
Unlevered Free Cash Flow	31.82	34.9	75.04	-34.04	-58.96
Change in Working Capital	46.45	35.5	79.77	-43.38	-114.17

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