SHA:688639 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	189.52	449.06	320.03	168.24
Depreciation & Amortization	138.66	98.84	59.15	47.5
Other Amortization	0.93	-	-	-
Loss (Gain) From Sale of Assets	0.06	0.01	-0.02	0.07
Asset Writedown & Restructuring Costs	0.31	2.66	4.29	6.1
Loss (Gain) From Sale of Investments	-0.85	-2.55	-7.49	-6.55
Provision & Write-off of Bad Debts	-1.08	0.4	2.5	-0.48
Other Operating Activities	24.07	4.58	-0.84	1.7
Change in Accounts Receivable	-58.42	-89.7	-102.17	-138.58
Change in Inventory	-181.1	-173.52	-35.85	-76.72
Change in Accounts Payable	85.66	-18.08	75.28	84.64
Change in Other Net Operating Assets	8.75	21.04	36.43	2.25
Operating Cash Flow	199.79	301.42	357.43	95.7
Operating Cash Flow Growth	-33.72%	-15.67%	273.48%	-12.65%
Capital Expenditures	-923.51	-1,269	-456.35	-180.63
Sale of Property, Plant & Equipment	0.37	6.59	0.26	1.34
Cash Acquisitions	-	-	-4.69	-
Investment in Securities	-10.2	127.6	107	-345
Other Investing Activities	3.25	7.92	11.77	12.47
Investing Cash Flow	-930.09	-1,127	-342	-511.82
Short-Term Debt Issued	-	-	-	53.77
Long-Term Debt Issued	1,761	1,412	111.78	-
Total Debt Issued	1,761	1,412	111.78	53.77
Short-Term Debt Repaid	-	-	-	-90
Long-Term Debt Repaid	-1,471	-246.34	-51.06	-
Total Debt Repaid	-1,471	-246.34	-51.06	-90
Net Debt Issued (Repaid)	289.66	1,166	60.72	-36.23
Issuance of Common Stock	689.13	7.09	6	595.97
Repurchase of Common Stock	-11.97	-38.04	-	-
Common Dividends Paid	-183.41	-108.89	-60.26	-37.56
Dividends Paid	-183.41	-108.89	-60.26	-37.56
Other Financing Activities	-2.66	-1.54	-	-45.2
Financing Cash Flow	780.75	1,025	6.46	476.98
Foreign Exchange Rate Adjustments	12.02	6.54	5.25	-0.69
Net Cash Flow	62.47	205.52	27.13	60.17
Free Cash Flow	-723.72	-967.75	-98.92	-84.93
Free Cash Flow Margin	-33.23%	-49.93%	-6.97%	-8.90%
Free Cash Flow Per Share	-3.13	-4.22	-0.43	-0.41
Cash Income Tax Paid	-0.45	11.44	-2.62	-0.92
Levered Free Cash Flow	-939.38	-602.11	-143.41	-158.36
Unlevered Free Cash Flow	-915.71	-595.46	-143.08	-157.66
Change in Working Capital	-151.82	-251.58	-20.2	-120.88

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