SHA:688610 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	63.97	15.72	15.75	70.48	44.08
Depreciation & Amortization	12.97	12.19	10.9	3.75	2.07
Other Amortization	2.8	4.49	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	0.01	0.02	-	2.24
Loss (Gain) From Sale of Investments	-1.84	-12.63	-3.89	-0.93	-0.88
Stock-Based Compensation	13.27	1.28	-	-	6.38
Provision & Write-off of Bad Debts	4.06	0.04	3.38	0.83	2.55
Other Operating Activities	-9.92	6.87	1.96	6.17	1.74
Change in Accounts Receivable	-121.22	12.8	-78.32	-36.26	-78.38
Change in Inventory	12.68	0.91	-17.45	-74.32	-65.18
Change in Accounts Payable	56.54	-7.47	13.57	16.96	20.77
Change in Other Net Operating Assets	-	-	4.57	0.02	-
Operating Cash Flow	31.08	31.75	-46.08	-13.81	-64.05
Operating Cash Flow Growth	-2.13%	-	-	-	-
Capital Expenditures	-143.07	-29.7	-15	-43.05	-7.88
Sale of Property, Plant & Equipment	-	1.73	0.03	0.21	6.77
Investment in Securities	9.34	164.25	-921.85	-	1.68
Other Investing Activities	12.8	32.54	5.45	1.64	2.11
Investing Cash Flow	-120.92	168.82	-931.38	-41.2	2.67
Short-Term Debt Issued	40	17.89	44.19	-	-
Long-Term Debt Issued	-	-	-	56	48.98
Total Debt Issued	40	17.89	44.19	56	48.98
Short-Term Debt Repaid	-	-36	-77.23	-	-
Long-Term Debt Repaid	-8.54	-7.88	-3.41	-52.27	-19
Total Debt Repaid	-8.54	-43.88	-80.64	-52.27	-19
Net Debt Issued (Repaid)	31.46	-25.99	-36.44	3.73	29.98
Issuance of Common Stock	50.57	-	1,158	-	188.23
Repurchase of Common Stock	-	-49.92	-	-	-
Common Dividends Paid	-13.85	-13.61	-2.03	-1.13	-4.37
Other Financing Activities	-	-1.66	-25	-	-1.52
Financing Cash Flow	68.19	-91.19	1,095	2.6	212.32
Foreign Exchange Rate Adjustments	-0.03	0.01	-0	-	-
Net Cash Flow	-21.69	109.4	117.15	-52.4	150.94
Free Cash Flow	-111.99	2.05	-61.09	-56.86	-71.93
Free Cash Flow Margin	-25.44%	0.83%	-25.93%	-21.65%	-43.73%
Free Cash Flow Per Share	-1.68	0.03	-1.05	-1.11	-1.45
Cash Income Tax Paid	5.36	5.43	10.91	12.68	6.17
Levered Free Cash Flow	-4.73	611.67	-997.94	-75.23	-84.23
Unlevered Free Cash Flow	-4.13	612.14	-996.38	-75.03	-83.41
Change in Working Capital	-54.23	3.77	-79.82	-94.64	-123.06

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