SHA:688623 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
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
Net Income	55.8	62.51	86.86	133.46	96.48
Depreciation & Amortization	10.24	10.24	5.23	4.89	4.78
Other Amortization	0.08	0.08	0.31	0.22	0.22
Loss (Gain) From Sale of Assets	-0.04	-0.04	-0.02	-0	0.03
Asset Writedown & Restructuring Costs	-6.19	-6.19	-	-	-
Loss (Gain) From Sale of Investments	-14.64	-14.64	-19.22	-4.89	-0.68
Provision & Write-off of Bad Debts	-	-	18.38	8.12	4
Other Operating Activities	34.68	11.06	12.53	11.09	5.67
Change in Accounts Receivable	36.54	36.54	-50.59	-41.26	-43.33
Change in Inventory	17.43	17.43	18.72	-112.42	-107.74
Change in Accounts Payable	16	16	-22.93	107.53	128.89
Change in Other Net Operating Assets	0.98	0.98	1.44	-3.12	-
Operating Cash Flow	137.41	120.49	46.63	101.15	86.94
Operating Cash Flow Growth	60.07%	158.41%	-53.90%	16.35%	-
Capital Expenditures	-13.09	-42.13	-77.12	-87.32	-16.83
Sale of Property, Plant & Equipment	0.04	0.04	0	0	0.11
Investment in Securities	-	-	-394	-166	-57
Other Investing Activities	-314.76	-346.62	15.23	0.26	0.72
Investing Cash Flow	-327.8	-388.71	-455.89	-253.05	-73
Long-Term Debt Issued	-	-	-	76	50
Long-Term Debt Repaid	-	-	-53.05	-77.81	-2.66
Net Debt Issued (Repaid)	-	-	-53.05	-1.81	47.34
Issuance of Common Stock	-	-	-	1,693	-
Repurchase of Common Stock	-	-	-30.01	-	-
Common Dividends Paid	-70.14	-70.14	-109.43	-1.86	-7.94
Other Financing Activities	4.85	-0.15	-1.15	-32.68	-2.45
Financing Cash Flow	-65.29	-70.29	-193.64	1,656	36.95
Net Cash Flow	-255.7	-338.51	-602.89	1,504	50.89
Free Cash Flow	124.32	78.36	-30.49	13.83	70.11
Free Cash Flow Growth	-	-	-	-80.27%	-
Free Cash Flow Margin	36.02%	22.93%	-7.90%	3.22%	18.86%
Free Cash Flow Per Share	2.13	1.34	-0.52	0.27	1.58
Cash Income Tax Paid	40.97	42.98	22	32.62	32.02
Levered Free Cash Flow	113.24	174.59	-61.42	-216.02	-
Unlevered Free Cash Flow	113.24	174.59	-60.94	-214.63	-
Change in Working Capital	57.46	57.46	-57.44	-51.74	-23.56

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