SHA:688616 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	101.64	103.95	103.73	74.46	63.64	70.28
Depreciation & Amortization	27.37	27.37	24.81	21.33	11.09	7.94
Other Amortization	-	-	0.54	-	0.03	0.01
Loss (Gain) From Sale of Assets	-	-	-0.01	-	-	-0.04
Asset Writedown & Restructuring Costs	-0.03	-0.03	0.24	0.45	0.08	0.01
Loss (Gain) From Sale of Investments	0.03	0.03	-3.38	-6.77	-2.42	-0.86
Provision & Write-off of Bad Debts	-	-	3.23	0.12	3.21	0.39
Other Operating Activities	-23.31	1.18	1.59	-1.2	-5.02	1.81
Change in Accounts Receivable	-42.77	-42.77	-12.11	22.06	-44.9	2.87
Change in Inventory	6.82	6.82	-7.33	7.97	2.15	-10.6
Change in Accounts Payable	45.69	45.69	-3.02	15.75	41.21	-19.94
Change in Other Net Operating Assets	6.46	6.46	-3.3	3.3	-	-
Operating Cash Flow	125.51	152.32	99.48	136.34	68.84	49.79
Operating Cash Flow Growth	-3.81%	53.12%	-27.04%	98.05%	38.26%	-61.26%
Capital Expenditures	-43.38	-36.68	-39.13	-60.16	-109.3	-55.72
Sale of Property, Plant & Equipment	0.24	0.24	0.05	0.44	-	0.22
Cash Acquisitions	-	-	-	-	-	-5.92
Divestitures	-	1.39	4.26	14.89	-	-
Investment in Securities	1.06	20.63	-	-18.77	-	-20
Other Investing Activities	12.45	12.06	0.55	0.78	2.26	2.15
Investing Cash Flow	-29.64	-2.36	-34.27	-62.82	-107.05	-79.27
Long-Term Debt Repaid	-	-	-	-0.34	-0.41	-35.13
Total Debt Repaid	-	-	-	-0.34	-0.41	-35.13
Net Debt Issued (Repaid)	-	-	-	-0.34	-0.41	-35.13
Issuance of Common Stock	-	-	-	-	-	252.63
Repurchase of Common Stock	-	-	-31	-	-	-
Common Dividends Paid	-52.88	-52.88	-44.07	-31.5	-34.5	-33.57
Other Financing Activities	-	-	-	-	-	-17.5
Financing Cash Flow	-52.88	-52.88	-75.07	-31.84	-34.91	166.43
Foreign Exchange Rate Adjustments	-1.8	-1.06	0.47	1.65	7.17	-1.53
Net Cash Flow	41.2	96.01	-9.39	43.33	-65.94	135.41
Free Cash Flow	82.13	115.64	60.35	76.18	-40.46	-5.93
Free Cash Flow Growth	-13.71%	91.62%	-20.78%	-	-	-
Free Cash Flow Margin	14.15%	20.42%	10.28%	13.48%	-7.46%	-1.44%
Free Cash Flow Per Share	0.47	0.66	0.34	0.42	-0.22	-0.04
Cash Income Tax Paid	41.59	40.09	30.33	28.76	11.34	23.02
Levered Free Cash Flow	36.44	80.04	25.08	27.81	-65.93	-48.95
Unlevered Free Cash Flow	36.44	80.04	25.08	27.81	-65.93	-48.91
Change in Working Capital	19.81	19.81	-31.27	47.93	-1.77	-29.75

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