SHA:688605 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	188.9	213.95	80.27	104.79	105.19
Depreciation & Amortization	49.65	37.61	28.99	20.09	14.47
Other Amortization	8.74	4.87	3.85	3.04	1.91
Loss (Gain) From Sale of Assets	-0.2	0.39	-0.01	0.02	-24.45
Asset Writedown & Restructuring Costs	0.01	0.23	0.42	0.1	0.84
Loss (Gain) From Sale of Investments	-	-	-	-0.57	-
Provision & Write-off of Bad Debts	1.6	9.57	3.96	-0.33	3.91
Other Operating Activities	16.79	10.1	-0.27	4.26	10.41
Change in Accounts Receivable	-39.41	-253.96	-95.34	59.44	-133.27
Change in Inventory	-49.4	-99.18	-5.65	-65.38	-72.03
Change in Accounts Payable	11.06	141.38	98.93	-49.14	113.87
Change in Other Net Operating Assets	12.5	42.69	26.62	-22.43	-7.11
Operating Cash Flow	196.94	104.84	136.07	54.3	12.46
Operating Cash Flow Growth	87.84%	-22.95%	150.58%	335.77%	-
Capital Expenditures	-276.87	-132.97	-91.48	-91.12	-52.52
Sale of Property, Plant & Equipment	1.18	1.56	0.14	1.58	24.05
Cash Acquisitions	-11.24	-	-	-	-
Investment in Securities	-	-	-0	-	-
Other Investing Activities	-	-	-	0.68	1.33
Investing Cash Flow	-286.93	-131.41	-91.34	-88.85	-27.15
Short-Term Debt Issued	106.75	39	35	45.3	63.5
Total Debt Issued	106.75	39	35	45.3	63.5
Short-Term Debt Repaid	-	-	-	-61.8	-53
Long-Term Debt Repaid	-50.19	-33.95	-51.37	-11.47	-11.4
Total Debt Repaid	-50.19	-33.95	-51.37	-73.27	-64.4
Net Debt Issued (Repaid)	56.56	5.05	-16.37	-27.97	-0.9
Issuance of Common Stock	-	536.94	-	42.85	290.8
Common Dividends Paid	-44.59	-1.88	-1.51	-56.41	-55.88
Other Financing Activities	-9.53	-16.15	-	0.12	5.12
Financing Cash Flow	2.44	523.96	-17.89	-41.41	239.15
Foreign Exchange Rate Adjustments	-0.76	1.27	4.26	3.88	-1.19
Net Cash Flow	-88.31	498.66	31.11	-72.08	223.27
Free Cash Flow	-79.93	-28.13	44.6	-36.81	-40.06
Free Cash Flow Margin	-6.46%	-2.48%	8.00%	-7.84%	-9.46%
Free Cash Flow Per Share	-0.39	-0.18	0.29	-0.25	-
Cash Income Tax Paid	67.44	78.5	22.75	19.45	28.76
Levered Free Cash Flow	-170.01	-91.9	-4.23	-54.53	-
Unlevered Free Cash Flow	-167.82	-90.53	-3.17	-52.95	-
Change in Working Capital	-68.54	-171.88	18.86	-77.08	-99.82

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