SHA:688605 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	200.71	213.95	80.27	104.79	105.19
Depreciation & Amortization	36.89	36.89	28.99	20.09	14.47
Other Amortization	5.59	5.59	3.85	3.04	1.91
Loss (Gain) From Sale of Assets	0.39	0.39	-0.01	0.02	-24.45
Asset Writedown & Restructuring Costs	0.23	0.23	0.42	0.1	0.84
Loss (Gain) From Sale of Investments	-	-	-	-0.57	-
Provision & Write-off of Bad Debts	9.57	9.57	3.96	-0.33	3.91
Other Operating Activities	113.38	10.1	-0.27	4.26	10.41
Change in Accounts Receivable	-253.96	-253.96	-95.34	59.44	-133.27
Change in Inventory	-99.18	-99.18	-5.65	-65.38	-72.03
Change in Accounts Payable	141.38	141.38	98.93	-49.14	113.87
Change in Other Net Operating Assets	42.69	42.69	26.62	-22.43	-7.11
Operating Cash Flow	194.88	104.84	136.07	54.3	12.46
Operating Cash Flow Growth	43.21%	-22.95%	150.58%	335.77%	-
Capital Expenditures	-253.25	-132.97	-91.48	-91.12	-52.52
Sale of Property, Plant & Equipment	1.62	1.56	0.14	1.58	24.05
Investment in Securities	-	-	-0	-	-
Other Investing Activities	0.4	-	-	0.68	1.33
Investing Cash Flow	-262.46	-131.41	-91.34	-88.85	-27.15
Short-Term Debt Issued	-	39	35	45.3	63.5
Total Debt Issued	120.43	39	35	45.3	63.5
Short-Term Debt Repaid	-	-	-	-61.8	-53
Long-Term Debt Repaid	-	-33.95	-51.37	-11.47	-11.4
Total Debt Repaid	-63.85	-33.95	-51.37	-73.27	-64.4
Net Debt Issued (Repaid)	56.58	5.05	-16.37	-27.97	-0.9
Issuance of Common Stock	536.94	536.94	-	42.85	290.8
Common Dividends Paid	-43.77	-1.88	-1.51	-56.41	-55.88
Other Financing Activities	-26.59	-16.15	-	0.12	5.12
Financing Cash Flow	523.16	523.96	-17.89	-41.41	239.15
Foreign Exchange Rate Adjustments	0.36	1.27	4.26	3.88	-1.19
Net Cash Flow	455.93	498.66	31.11	-72.08	223.27
Free Cash Flow	-58.37	-28.13	44.6	-36.81	-40.06
Free Cash Flow Margin	-4.72%	-2.48%	8.00%	-7.84%	-9.46%
Free Cash Flow Per Share	-0.30	-0.18	0.29	-0.25	-
Cash Income Tax Paid	68.53	78.5	22.75	19.45	28.76
Levered Free Cash Flow	-	-89.83	-4.23	-54.53	-
Unlevered Free Cash Flow	-	-88.47	-3.17	-52.95	-
Change in Working Capital	-171.88	-171.88	18.86	-77.08	-99.82

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