SHA:688610 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	15.72	15.75	70.48	44.08
Depreciation & Amortization	11.89	10.9	3.75	2.07
Other Amortization	4.79	5.76	0.7	0.85
Loss (Gain) From Sale of Assets	0	-0.14	-0.18	-0.01
Asset Writedown & Restructuring Costs	0.01	0.02	-	2.24
Loss (Gain) From Sale of Investments	-12.63	-3.89	-0.93	-0.88
Stock-Based Compensation	-	-	-	6.38
Provision & Write-off of Bad Debts	0.05	3.38	0.83	2.55
Other Operating Activities	6.86	1.96	6.17	1.74
Change in Accounts Receivable	12.8	-78.32	-36.26	-78.38
Change in Inventory	0.91	-17.45	-74.32	-65.18
Change in Accounts Payable	-7.47	13.57	16.96	20.77
Change in Other Net Operating Assets	1.28	4.57	0.02	-
Operating Cash Flow	31.75	-46.08	-13.81	-64.05
Capital Expenditures	-29.7	-15	-43.05	-7.88
Sale of Property, Plant & Equipment	1.73	0.03	0.21	6.77
Investment in Securities	164.25	-921.85	-	1.68
Other Investing Activities	32.54	5.45	1.64	2.11
Investing Cash Flow	168.82	-931.38	-41.2	2.67
Short-Term Debt Issued	17.89	44.19	-	-
Long-Term Debt Issued	-	-	56	48.98
Total Debt Issued	17.89	44.19	56	48.98
Short-Term Debt Repaid	-36	-77.23	-	-
Long-Term Debt Repaid	-7.88	-3.41	-52.27	-19
Total Debt Repaid	-43.88	-80.64	-52.27	-19
Net Debt Issued (Repaid)	-25.99	-36.44	3.73	29.98
Issuance of Common Stock	-	1,158	-	188.23
Repurchase of Common Stock	-49.92	-	-	-
Common Dividends Paid	-13.61	-2.03	-1.13	-4.37
Other Financing Activities	-1.66	-25	-	-1.52
Financing Cash Flow	-91.19	1,095	2.6	212.32
Foreign Exchange Rate Adjustments	0.01	-0	-	-
Net Cash Flow	109.4	117.15	-52.4	150.94
Free Cash Flow	2.05	-61.09	-56.86	-71.93
Free Cash Flow Margin	0.83%	-25.93%	-21.65%	-43.73%
Free Cash Flow Per Share	0.03	-1.05	-1.11	-1.45
Cash Income Tax Paid	5.43	10.91	12.68	6.17
Levered Free Cash Flow	611.43	-997.94	-75.23	-84.23
Unlevered Free Cash Flow	611.9	-996.38	-75.03	-83.41
Change in Working Capital	5.06	-79.82	-94.64	-123.06

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