SHA:688636 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	19.45	96.26	75.36	111.51
Depreciation & Amortization	20.03	20.89	14.01	10.11
Other Amortization	2.2	1.22	2.12	1.52
Loss (Gain) From Sale of Assets	0.15	-0	0	-0.03
Asset Writedown & Restructuring Costs	2.54	10.89	0.05	0.01
Loss (Gain) From Sale of Investments	7.23	-12.19	13.99	0.94
Stock-Based Compensation	2.84	13.91	14.81	26.16
Provision & Write-off of Bad Debts	18.35	10.2	10.09	5.23
Other Operating Activities	2.68	2.66	14.25	-1.47
Change in Accounts Receivable	-33.66	-256.17	-196.15	-75.17
Change in Inventory	-8.34	100.17	-103.66	-126.64
Change in Accounts Payable	32.59	17.12	53.33	117.36
Change in Other Net Operating Assets	-0.65	3.62	-2.37	2.19
Operating Cash Flow	61.59	5.89	-106.25	67.44
Operating Cash Flow Growth	945.88%	-	-	135.13%
Capital Expenditures	-62.09	-84.13	-38.33	-160.08
Sale of Property, Plant & Equipment	0.01	0.08	0	0.03
Investment in Securities	-	-35.06	90	-114.6
Other Investing Activities	-	-	1.79	2.62
Investing Cash Flow	-62.09	-119.11	53.46	-272.03
Long-Term Debt Issued	95	115	10	-
Long-Term Debt Repaid	-132.65	-3.39	-4.76	-53.36
Net Debt Issued (Repaid)	-37.65	111.61	5.24	-53.36
Issuance of Common Stock	9.44	2.22	9.44	410.38
Repurchase of Common Stock	-2.53	-2.2	-3.89	-
Common Dividends Paid	-18.59	-	-12.68	-8.15
Other Financing Activities	-	-4.87	-1.55	-15.23
Financing Cash Flow	-49.34	106.75	-3.45	333.64
Net Cash Flow	-49.84	-6.47	-56.24	129.06
Free Cash Flow	-0.51	-78.24	-144.58	-92.64
Free Cash Flow Margin	-0.12%	-11.80%	-26.73%	-20.61%
Free Cash Flow Per Share	-0.00	-0.47	-0.87	-0.61
Cash Interest Paid	-	2.66	-	1.69
Cash Income Tax Paid	12.94	3.78	25.37	25.48
Levered Free Cash Flow	-4.12	-221.19	-224.42	-2.05
Unlevered Free Cash Flow	-2.29	-219.02	-223.9	-0.89
Change in Working Capital	-13.91	-137.95	-250.94	-86.54

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