SHA:688652 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	151.63	152.91	119.14	91.12	58.8	6.33
Depreciation & Amortization	16.66	16.66	13.96	12.1	9.39	3.41
Other Amortization	7.54	7.54	3.06	2.71	1.96	2
Loss (Gain) From Sale of Assets	0.04	0.04	-	-	-	-
Asset Writedown & Restructuring Costs	-0.01	-0.01	0.01	0	-0.01	0.02
Loss (Gain) From Sale of Investments	-20.45	-20.45	-0.07	-	-	-
Provision & Write-off of Bad Debts	10.44	10.44	-1.91	8.35	0.81	3.67
Other Operating Activities	50.63	15.4	9.94	13.52	7.65	7.16
Change in Accounts Receivable	-162.69	-162.69	-26.26	-44.46	-41.4	-117.75
Change in Inventory	-1,044	-1,044	-263.29	-343.54	-218.7	-44.98
Change in Accounts Payable	1,034	1,034	190.2	274.57	204.46	38.93
Operating Cash Flow	33.65	-0.29	41.09	3.36	22.34	-105.77
Operating Cash Flow Growth	-	-	1124.22%	-84.98%	-	-
Capital Expenditures	-182.07	-120.04	-29.34	-8.65	-10.29	-2.34
Sale of Property, Plant & Equipment	-	0.04	-	-	-	-
Investment in Securities	-231.97	-541.83	-300	-3.7	-	-
Other Investing Activities	16.15	14.3	-	-	-	-
Investing Cash Flow	-397.88	-647.54	-329.34	-12.35	-10.29	-2.34
Short-Term Debt Issued	-	94.22	129.95	134.5	74.5	40
Total Debt Issued	149.04	94.22	129.95	134.5	74.5	40
Short-Term Debt Repaid	-	-145.43	-170	-89.5	-40	-70
Long-Term Debt Repaid	-	-13.51	-9.92	-10.16	-	-
Total Debt Repaid	-138.51	-158.93	-179.92	-99.66	-40	-70
Net Debt Issued (Repaid)	10.54	-64.72	-49.97	34.84	34.5	-30
Issuance of Common Stock	-	-	1,287	-	150	171
Common Dividends Paid	-21.01	-12.61	-2.24	-3.22	-1.74	-3.12
Other Financing Activities	-1.98	-	-	14.78	-7.36	31
Financing Cash Flow	-12.45	-77.32	1,235	46.4	175.4	168.88
Foreign Exchange Rate Adjustments	0.47	-0.29	0.63	3.53	-1.08	-0.37
Net Cash Flow	-376.2	-725.45	946.99	40.93	186.38	60.4
Free Cash Flow	-148.41	-120.34	11.75	-5.3	12.06	-108.11
Free Cash Flow Margin	-10.94%	-11.72%	1.58%	-0.80%	2.40%	-31.00%
Free Cash Flow Per Share	-0.88	-0.72	0.09	-0.04	0.10	-
Cash Income Tax Paid	57	53.76	30.03	35.37	12.28	4.54
Levered Free Cash Flow	-234.91	-214.95	24.18	-55.31	-5.14	-86.06
Unlevered Free Cash Flow	-233.91	-214.11	26.72	-52.89	-3.69	-83.87
Change in Working Capital	-182.83	-182.83	-103.03	-124.44	-56.26	-128.37

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