SHA:688658 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	123.72	184.8	335.18	545.32
Depreciation & Amortization	204.48	178.45	164.47	138.56
Other Amortization	45.15	2.18	1.3	2.95
Loss (Gain) From Sale of Assets	0.38	-1.04	-0.04	-0.01
Asset Writedown & Restructuring Costs	35.49	25.27	10.86	24.45
Loss (Gain) From Sale of Investments	-2.82	0.08	-1.36	-4.03
Provision & Write-off of Bad Debts	-6.3	-14.36	21.45	20.64
Other Operating Activities	49.48	53.23	51.52	23.43
Change in Accounts Receivable	276.65	278.3	-531.26	-305.23
Change in Inventory	-59.15	-30.61	-158.22	-26.08
Change in Accounts Payable	-218.9	148.97	-46.91	98.77
Change in Other Net Operating Assets	-	-37.21	37.21	-0.13
Operating Cash Flow	438.24	785.49	-121.17	515.24
Operating Cash Flow Growth	-44.21%	-	-	-26.15%
Capital Expenditures	-358.6	-497.48	-547.96	-200.49
Sale of Property, Plant & Equipment	0.63	2.47	0.06	0.07
Cash Acquisitions	-3.01	-	-10	-6.83
Divestitures	-	8.46	-	2.75
Investment in Securities	-175	-15.5	1.36	3.67
Other Investing Activities	-9.78	-	-	-
Investing Cash Flow	-545.76	-502.05	-556.54	-200.84
Short-Term Debt Issued	-	-	-	9
Long-Term Debt Issued	649.01	387.29	228.17	-
Total Debt Issued	649.01	387.29	228.17	9
Short-Term Debt Repaid	-	-	-	-160.03
Long-Term Debt Repaid	-521.19	-259.38	-21.79	-31.19
Total Debt Repaid	-521.19	-259.38	-21.79	-191.22
Net Debt Issued (Repaid)	127.82	127.91	206.37	-182.22
Repurchase of Common Stock	-45.03	-54.99	-	-
Common Dividends Paid	-111.25	-505.12	-307.98	-204.94
Other Financing Activities	-	-	-	-21.11
Financing Cash Flow	-28.46	-432.19	-101.6	-408.28
Foreign Exchange Rate Adjustments	0.26	3.94	6.2	-0.91
Net Cash Flow	-135.71	-144.81	-773.11	-94.79
Free Cash Flow	79.64	288.01	-669.13	314.75
Free Cash Flow Growth	-72.35%	-	-	-44.87%
Free Cash Flow Margin	2.11%	6.86%	-14.73%	6.34%
Free Cash Flow Per Share	0.18	0.64	-1.48	0.70
Cash Income Tax Paid	367.5	358.13	421.72	512.49
Levered Free Cash Flow	-138.08	166.18	-823.25	116.5
Unlevered Free Cash Flow	-124.09	174.44	-820.32	118.67
Change in Working Capital	-11.34	356.88	-704.55	-236.07

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