SHA:688631 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	129.04	132.09	89.5	96.88
Depreciation & Amortization	18.21	19.92	18.58	20.89
Other Amortization	2.31	-	-	0.39
Loss (Gain) From Sale of Assets	-	-	-0.03	-
Asset Writedown & Restructuring Costs	0.02	0.07	0.15	3.83
Loss (Gain) From Sale of Investments	-11.1	-6.89	-0.64	0.34
Provision & Write-off of Bad Debts	64.36	23.33	31.18	11.67
Other Operating Activities	10.07	14.77	9.43	5.19
Change in Accounts Receivable	-248.05	-336.72	-282.3	-270.68
Change in Inventory	144.07	-20.8	14.34	230.31
Change in Accounts Payable	10.89	254.11	161.31	-23.77
Change in Other Net Operating Assets	-24.07	4.54	17.99	-9.52
Operating Cash Flow	84.65	79.24	58.2	61.43
Operating Cash Flow Growth	6.83%	36.15%	-5.26%	-49.32%
Capital Expenditures	-55.05	-17.06	-6.51	-7.92
Sale of Property, Plant & Equipment	0	0	-	-
Investment in Securities	150	-200	-	-10.8
Other Investing Activities	11.74	5.13	-	-
Investing Cash Flow	106.7	-211.92	-6.51	-18.72
Short-Term Debt Issued	-	0.56	266.89	30
Total Debt Issued	-	0.56	266.89	30
Short-Term Debt Repaid	-0.56	-216.89	-50	-81
Long-Term Debt Repaid	-0.46	-1.54	-1.58	-1.58
Total Debt Repaid	-1.02	-218.42	-51.58	-82.58
Net Debt Issued (Repaid)	-1.02	-217.86	215.3	-52.58
Issuance of Common Stock	-	984.74	-	-
Common Dividends Paid	-67.02	-3.79	-9.84	-11.56
Other Financing Activities	4.52	-16.43	-0.6	5.72
Financing Cash Flow	-63.52	746.65	204.87	-58.42
Foreign Exchange Rate Adjustments	-0	0.9	-0.06	0.11
Net Cash Flow	127.82	614.87	256.5	-15.6
Free Cash Flow	29.6	62.18	51.68	53.51
Free Cash Flow Growth	-52.40%	20.30%	-3.41%	-52.29%
Free Cash Flow Margin	1.84%	3.71%	3.28%	3.31%
Free Cash Flow Per Share	0.18	0.43	0.42	0.44
Cash Income Tax Paid	79.09	64.66	40.08	49.85
Levered Free Cash Flow	-36.68	2.23	-34.4	17
Unlevered Free Cash Flow	-36.67	4.57	-33.51	17.67
Change in Working Capital	-128.26	-104.06	-89.97	-77.77

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.