SHA:688622 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	-96.45	-45.99	-96.11	-63.33	78.57
Depreciation & Amortization	24.21	25.84	27.71	25.87	17.18
Other Amortization	0.04	1.8	1.26	1.22	2.15
Loss (Gain) From Sale of Assets	-1.38	-4.41	-0.95	-0.68	0
Asset Writedown & Restructuring Costs	38.96	3.44	0.58	0.3	0.23
Loss (Gain) From Sale of Investments	1.39	0.03	0.9	-1.35	-0.86
Provision & Write-off of Bad Debts	-	4.05	16.94	8.15	3.75
Other Operating Activities	5.06	13.62	16.55	2.73	-3.06
Change in Accounts Receivable	52.71	27.27	-54.75	50.9	-86.8
Change in Inventory	44.91	34.25	-20.1	-39.54	-36.02
Change in Accounts Payable	-78.82	-65.05	87.14	-55.77	38.11
Change in Other Net Operating Assets	-0.43	2.37	1.3	0.35	3.16
Operating Cash Flow	9.21	-8.21	-36.37	-84.58	14.93
Operating Cash Flow Growth	-	-	-	-	-76.70%
Capital Expenditures	-33.83	-69.92	-109.2	-77.63	-132.18
Sale of Property, Plant & Equipment	4.76	5.93	1.42	1.07	0.43
Divestitures	17.65	-	-0.01	-	-
Investment in Securities	-	-10	-0.84	-35.96	-0.1
Other Investing Activities	3.09	13.88	-13.4	6.07	1.03
Investing Cash Flow	-8.33	-60.11	-122.04	-106.45	-130.82
Long-Term Debt Issued	187.23	208.43	292.6	270	118.05
Long-Term Debt Repaid	-181.54	-246.49	-215.49	-144.86	-101.47
Net Debt Issued (Repaid)	5.69	-38.06	77.11	125.14	16.59
Issuance of Common Stock	14.32	-	-	2	272.76
Common Dividends Paid	-10.06	-11.49	-11.53	-17.59	-6.08
Dividends Paid	-10.06	-11.49	-11.53	-17.59	-6.08
Other Financing Activities	-1.95	6.39	-6.1	0.19	2.44
Financing Cash Flow	8	-43.16	59.47	109.73	285.71
Net Cash Flow	8.87	-111.49	-98.93	-81.3	169.82
Free Cash Flow	-24.63	-78.13	-145.57	-162.21	-117.26
Free Cash Flow Margin	-24.78%	-38.58%	-39.75%	-57.88%	-25.26%
Free Cash Flow Per Share	-0.35	-1.12	-2.08	-2.31	-2.06
Cash Income Tax Paid	7.26	10.36	10.67	8.43	31.19
Levered Free Cash Flow	7.35	-99.24	-91.19	-149.52	-163.38
Unlevered Free Cash Flow	7.35	-94.35	-85.17	-146.55	-160.83
Change in Working Capital	37.38	-6.6	-3.24	-57.49	-83.05

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