SHA:688627 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	65.42	80.16	115.68	66.07	67.91
Depreciation & Amortization	25.39	16.59	11.24	8.1	7.57
Other Amortization	6.83	1.61	2.68	2.64	1.95
Loss (Gain) From Sale of Assets	0.29	-0.01	-	-	-0.06
Asset Writedown & Restructuring Costs	0.04	0.55	0.05	0	13.36
Loss (Gain) From Sale of Investments	17.43	-7.85	-15.89	-1.17	-6
Provision & Write-off of Bad Debts	34.66	18.08	8.34	3.23	-4.99
Other Operating Activities	14.49	-1.83	6.3	10.62	-0.54
Change in Accounts Receivable	-160.36	-196.34	-71.13	-158.82	40.31
Change in Inventory	-86.76	87.13	10.6	-70.65	-5.76
Change in Accounts Payable	184.11	23.16	-87.76	100.38	-43.67
Change in Other Net Operating Assets	20.26	3.48	6.93	7.03	7.71
Operating Cash Flow	105.33	14.56	-13.55	-33.97	77.75
Operating Cash Flow Growth	623.21%	-	-	-	217.18%
Capital Expenditures	-131.27	-23.12	-16.99	-15.27	-7.55
Sale of Property, Plant & Equipment	0	0.07	0.03	0	0.68
Investment in Securities	249.54	-151.64	-430.4	-128.11	-46.3
Other Investing Activities	-3.97	18.27	6.05	1.17	4.9
Investing Cash Flow	114.31	-156.43	-441.3	-142.21	-48.27
Short-Term Debt Issued	5.02	-	-	-	10
Total Debt Issued	5.02	-	-	-	10
Short-Term Debt Repaid	-	-	-	-	-13.5
Long-Term Debt Repaid	-20.16	-8.58	-6.47	-15.43	-4.27
Total Debt Repaid	-20.16	-8.58	-6.47	-15.43	-17.77
Net Debt Issued (Repaid)	-15.14	-8.58	-6.47	-15.43	-7.77
Issuance of Common Stock	12.5	-	1,017	-	60
Repurchase of Common Stock	-45.4	-44.77	-	-	-
Common Dividends Paid	-29.88	-34.97	-	-0.22	-0.48
Other Financing Activities	48.5	-	-28.82	-5.71	27.6
Financing Cash Flow	-29.42	-88.32	981.34	-21.36	79.36
Foreign Exchange Rate Adjustments	-0.41	-0.27	0.09	2.8	-0.48
Net Cash Flow	189.81	-230.45	526.57	-194.72	108.35
Free Cash Flow	-25.94	-8.55	-30.53	-49.23	70.19
Free Cash Flow Growth	-	-	-	-	301.31%
Free Cash Flow Margin	-2.30%	-1.06%	-4.71%	-9.82%	15.32%
Free Cash Flow Per Share	-0.28	-0.09	-0.38	-0.70	1.02
Cash Income Tax Paid	48.41	32.72	23.71	19.2	8.16
Levered Free Cash Flow	9.98	-29.89	-80.56	-80.47	40.46
Unlevered Free Cash Flow	11.13	-29.43	-80.3	-80.07	41.09
Change in Working Capital	-59.2	-92.73	-141.95	-123.45	-1.44

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