SHA:688636 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	FY 2021
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	Dec '21 Dec 31, 2021
Net Income	111.62	102.1	19.45	96.26	75.36	111.51
Depreciation & Amortization	22.29	22.29	21.27	20.89	14.01	10.11
Other Amortization	1.22	1.22	0.97	1.22	2.12	1.52
Loss (Gain) From Sale of Assets	0.08	0.08	0.15	-0	0	-0.03
Asset Writedown & Restructuring Costs	-	-	-	10.89	0.05	0.01
Loss (Gain) From Sale of Investments	-2.23	-2.23	7.23	-12.19	13.99	0.94
Stock-Based Compensation	-1.12	-1.12	2.84	13.91	14.81	26.16
Provision & Write-off of Bad Debts	32.1	32.1	13.03	10.2	10.09	5.23
Other Operating Activities	-92.24	28.7	10.55	2.66	14.25	-1.47
Change in Accounts Receivable	-374.59	-374.59	-33.66	-256.17	-196.15	-75.17
Change in Inventory	-32.45	-32.45	-8.34	100.17	-103.66	-126.64
Change in Accounts Payable	162.2	162.2	32.59	17.12	53.33	117.36
Change in Other Net Operating Assets	-4.88	-4.88	-0.65	3.62	-2.37	2.19
Operating Cash Flow	-182.94	-71.53	61.59	5.89	-106.25	67.44
Operating Cash Flow Growth	-	-	945.88%	-	-	135.13%
Capital Expenditures	-10.75	-12.57	-62.09	-84.13	-38.33	-160.08
Sale of Property, Plant & Equipment	-	-	0.01	0.08	0	0.03
Investment in Securities	-127	-5	-	-35.06	90	-114.6
Other Investing Activities	0.67	0.43	-	-	1.79	2.62
Investing Cash Flow	-137.08	-17.15	-62.09	-119.11	53.46	-272.03
Long-Term Debt Issued	-	165	95	115	10	-
Long-Term Debt Repaid	-	-89.48	-132.65	-3.39	-4.76	-53.36
Net Debt Issued (Repaid)	75.62	75.52	-37.65	111.61	5.24	-53.36
Issuance of Common Stock	206.32	206.32	9.44	2.22	9.44	410.38
Repurchase of Common Stock	-0.91	-0.91	-2.53	-2.2	-3.89	-
Common Dividends Paid	-18.69	-18.36	-18.59	-	-12.68	-8.15
Other Financing Activities	-0.97	-0.97	-	-4.87	-1.55	-15.23
Financing Cash Flow	261.37	261.6	-49.34	106.75	-3.45	333.64
Net Cash Flow	-58.66	172.93	-49.84	-6.47	-56.24	129.06
Free Cash Flow	-193.7	-84.1	-0.51	-78.24	-144.58	-92.64
Free Cash Flow Margin	-26.30%	-11.86%	-0.12%	-11.80%	-26.73%	-20.61%
Free Cash Flow Per Share	-1.14	-0.50	-0.00	-0.47	-0.87	-0.61
Cash Interest Paid	-	-	-	2.66	-	1.69
Cash Income Tax Paid	35.67	31.22	12.94	3.78	25.37	25.48
Levered Free Cash Flow	-182.2	-155.17	-4.27	-221.19	-224.42	-2.05
Unlevered Free Cash Flow	-180.36	-153.32	-2.44	-219.02	-223.9	-0.89
Change in Working Capital	-254.67	-254.67	-13.91	-137.95	-250.94	-86.54

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.