SHA:688655 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	-1.97	13.47	46.51	64.08
Depreciation & Amortization	46.79	46.54	35.5	30.45
Other Amortization	1.28	1.3	0.98	0.39
Loss (Gain) From Sale of Assets	-0.53	0.04	-0.14	0.06
Asset Writedown & Restructuring Costs	0.09	0.01	0.01	2.75
Loss (Gain) From Sale of Investments	-0.31	-1.71	-3.76	-2.9
Provision & Write-off of Bad Debts	0.35	0.08	0.66	1.17
Other Operating Activities	3.69	2.74	-3.66	1.17
Change in Accounts Receivable	22.28	-33.94	51.68	17.78
Change in Inventory	-8.18	-1.14	12.44	-23.01
Change in Accounts Payable	23.98	10.22	-56.94	-6.27
Change in Other Net Operating Assets	0.03	4.03	-	-
Operating Cash Flow	90.21	37.15	82.23	85.35
Operating Cash Flow Growth	142.80%	-54.82%	-3.65%	56.87%
Capital Expenditures	-141.26	-178.8	-73.01	-71.8
Sale of Property, Plant & Equipment	0	0.05	1.29	0.11
Investment in Securities	47.33	12.3	40.54	-119.15
Investing Cash Flow	-93.93	-166.46	-31.18	-190.84
Long-Term Debt Issued	108.5	41.5	40.92	10
Total Debt Issued	108.5	41.5	40.92	10
Long-Term Debt Repaid	-77.93	-7.61	-10.77	-15.95
Total Debt Repaid	-77.93	-7.61	-10.77	-15.95
Net Debt Issued (Repaid)	30.57	33.89	30.15	-5.95
Issuance of Common Stock	-	-	-	217.87
Common Dividends Paid	-14.03	-10.93	-10.03	-0.37
Other Financing Activities	-	-	-	-18.57
Financing Cash Flow	16.54	22.95	20.12	192.99
Foreign Exchange Rate Adjustments	2.78	2.01	6.35	-0.25
Net Cash Flow	15.6	-104.34	77.52	87.24
Free Cash Flow	-51.06	-141.65	9.22	13.55
Free Cash Flow Growth	-	-	-31.95%	-70.76%
Free Cash Flow Margin	-10.76%	-30.52%	2.07%	2.40%
Free Cash Flow Per Share	-0.38	-1.05	0.07	0.11
Cash Income Tax Paid	0.62	4.93	12.67	21.51
Levered Free Cash Flow	-103.25	-220.3	139.07	-2.34
Unlevered Free Cash Flow	-99.86	-218.94	139.68	-1.8
Change in Working Capital	40.82	-25.32	6.14	-11.81

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