SHA:688630 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	289.93	160.7	179.31	136.59	106.16
Depreciation & Amortization	15.37	16.57	16.6	10.53	6.02
Other Amortization	2.15	0.41	-	0.17	0.07
Loss (Gain) From Sale of Assets	0.25	-0.01	0.01	0.86	-0
Loss (Gain) From Sale of Investments	-13.52	-5.06	-1.17	-4.29	-7.08
Provision & Write-off of Bad Debts	5.91	17.94	23.68	11.06	11.36
Other Operating Activities	25.96	1.46	-11.03	-1.74	3.91
Change in Accounts Receivable	-65.97	-245.51	-290.01	-233.05	-146.64
Change in Inventory	-208.15	-282.36	-5.97	-86.55	-65.52
Change in Accounts Payable	39.47	269.91	-47.82	177.5	124.53
Change in Other Net Operating Assets	3.35	-2.98	10.02	3.98	-
Operating Cash Flow	91.86	-71.55	-129.43	6.49	30.22
Operating Cash Flow Growth	-	-	-	-78.52%	-
Capital Expenditures	-86.89	-65.52	-27.4	-39.62	-132.29
Sale of Property, Plant & Equipment	0.01	0.15	0.03	0.23	0.02
Investment in Securities	201.25	318.28	-810	225	-212
Other Investing Activities	8.87	14.43	3.21	6.25	5.54
Investing Cash Flow	123.23	267.35	-834.16	191.86	-338.74
Short-Term Debt Issued	10.49	3.19	16.52	9	-
Long-Term Debt Issued	-	-	-	-	48.33
Total Debt Issued	10.49	3.19	16.52	9	48.33
Short-Term Debt Repaid	-	-16.52	-9	-28.33	-
Long-Term Debt Repaid	-0.48	-0.45	-0.19	-0.16	-33.83
Total Debt Repaid	-0.48	-16.97	-9.19	-28.49	-33.83
Net Debt Issued (Repaid)	10.01	-13.79	7.34	-19.49	14.5
Issuance of Common Stock	36.13	8.1	792.53	-	416.36
Repurchase of Common Stock	-	-30.02	-	-	-
Common Dividends Paid	-48.83	-105.15	-0.64	-24.44	-
Other Financing Activities	-13.79	-	-	-	-2.03
Financing Cash Flow	-16.47	-140.86	799.22	-43.93	428.83
Foreign Exchange Rate Adjustments	-0.79	0.23	-0.4	1.55	0.21
Net Cash Flow	197.83	55.16	-164.77	155.97	120.51
Free Cash Flow	4.97	-137.07	-156.83	-33.13	-102.07
Free Cash Flow Margin	0.35%	-14.37%	-18.92%	-5.08%	-20.74%
Free Cash Flow Per Share	0.04	-1.05	-1.25	-0.27	-0.90
Cash Interest Paid	-	-	-	-	2.03
Cash Income Tax Paid	10.19	59.43	54.05	23.23	18.42
Levered Free Cash Flow	-27.1	-145.72	-219.73	-97.11	-176.02
Unlevered Free Cash Flow	-26.9	-145.42	-219.3	-96.97	-174.71
Change in Working Capital	-234.18	-263.55	-336.81	-146.69	-90.21

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