SHA:688601 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	125.86	200.51	145.96	159.24
Depreciation & Amortization	9.59	11.98	11.09	7.8
Other Amortization	4.04	0.35	0.43	-
Loss (Gain) From Sale of Assets	-0.03	-0.02	-0.03	0.03
Asset Writedown & Restructuring Costs	-	-	3.08	0.58
Loss (Gain) From Sale of Investments	-14.18	-15.95	-11.33	-6.8
Provision & Write-off of Bad Debts	-0.02	2.75	1.69	1.54
Other Operating Activities	20.06	15.19	36.45	30.98
Change in Accounts Receivable	7.84	-28.7	28.33	-98.11
Change in Inventory	15.97	-13	-90.38	-37.74
Change in Accounts Payable	-33.45	49.39	-42.11	24.66
Change in Other Net Operating Assets	-	-10.1	15.59	0.09
Operating Cash Flow	133.18	213.93	93.09	82.73
Operating Cash Flow Growth	-37.75%	129.82%	12.51%	45.99%
Capital Expenditures	-16.12	-18.92	-9.39	-12.35
Sale of Property, Plant & Equipment	0	0.03	0.03	0.01
Cash Acquisitions	-	-	-	-10.08
Investment in Securities	-384.6	-184	327.6	-300.16
Other Investing Activities	13.86	16.15	13.8	4.21
Investing Cash Flow	-386.85	-186.74	332.05	-318.37
Short-Term Debt Issued	16.8	19.03	20	-
Total Debt Issued	16.8	19.03	20	-
Short-Term Debt Repaid	-10	-29	-	-1
Long-Term Debt Repaid	-0.91	-1.25	-1.31	-1.07
Total Debt Repaid	-10.91	-30.25	-1.31	-2.07
Net Debt Issued (Repaid)	5.89	-11.22	18.69	-2.07
Issuance of Common Stock	-	8.13	-	541.07
Repurchase of Common Stock	-40.19	-	-	-
Common Dividends Paid	-80.6	-45.49	-51.49	-22.27
Other Financing Activities	-	15	42.14	-19.79
Financing Cash Flow	-114.9	-33.58	9.34	496.95
Foreign Exchange Rate Adjustments	-2.54	-4.28	8.85	-23.65
Net Cash Flow	-371.11	-10.67	443.33	237.67
Free Cash Flow	117.06	195.01	83.7	70.38
Free Cash Flow Growth	-39.97%	132.99%	18.92%	42.14%
Free Cash Flow Margin	14.87%	21.99%	10.90%	9.10%
Free Cash Flow Per Share	0.87	1.46	0.63	0.60
Cash Interest Paid	-	-	-	0.13
Cash Income Tax Paid	5.21	1.19	-5.88	-20.04
Levered Free Cash Flow	69.11	103.99	20.15	4.09
Unlevered Free Cash Flow	69.38	104.47	20.3	4.17
Change in Working Capital	-12.13	-0.88	-94.26	-110.64

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