SHA:688661 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	29.79	-8.71	-20.94	38.13	103.35
Depreciation & Amortization	52.19	42.88	30.5	16.75	8.14
Other Amortization	11.91	10.21	8.65	5.18	3.6
Loss (Gain) From Sale of Assets	-0	-0.1	0.85	-0.04	-
Asset Writedown & Restructuring Costs	0.83	5.84	0.08	0.04	0.85
Loss (Gain) From Sale of Investments	-6	-6.43	-12	-7.4	-4.61
Provision & Write-off of Bad Debts	1.03	4.21	3.04	-0.93	-0.02
Other Operating Activities	15.45	15.43	9.7	1.28	1.12
Change in Accounts Receivable	-30.95	-83.17	-35.8	29.42	-15.99
Change in Inventory	-21.49	-41.78	-21.83	-22.71	-8.22
Change in Accounts Payable	26.45	84.32	40.18	9.89	11.17
Operating Cash Flow	75.31	14.05	-11.06	67.69	103.65
Operating Cash Flow Growth	436.00%	-	-	-34.69%	104.64%
Capital Expenditures	-134.33	-108.96	-102.4	-90.75	-168.68
Sale of Property, Plant & Equipment	0	0.18	0.87	0.08	0.12
Cash Acquisitions	-	-	-4.86	-	-
Investment in Securities	587.72	-497.57	635.39	-497.6	-203
Other Investing Activities	6.53	7.04	14.15	-38.17	3.18
Investing Cash Flow	459.93	-599.3	543.15	-626.44	-368.38
Short-Term Debt Issued	-	-	29.76	-	-
Long-Term Debt Issued	-	-	-	-	43
Total Debt Issued	-	-	29.76	-	43
Short-Term Debt Repaid	-12	-29.76	-	-	-
Long-Term Debt Repaid	-4.16	-4.4	-1.01	-43.91	-
Total Debt Repaid	-16.16	-34.16	-1.01	-43.91	-
Net Debt Issued (Repaid)	-16.16	-34.16	28.75	-43.91	43
Issuance of Common Stock	30	12	-	691	315.68
Common Dividends Paid	-9.51	-8.23	-14.42	-41.86	-6.4
Other Financing Activities	-16.75	-	-	-0.58	-2.31
Financing Cash Flow	-12.42	-30.39	14.33	604.64	349.97
Foreign Exchange Rate Adjustments	1.34	-0.55	1.74	1.41	-1.11
Net Cash Flow	524.16	-616.19	548.17	47.31	84.13
Free Cash Flow	-59.01	-94.9	-113.46	-23.06	-65.03
Free Cash Flow Margin	-6.80%	-16.68%	-39.71%	-7.99%	-17.57%
Free Cash Flow Per Share	-0.39	-0.62	-0.75	-0.17	-0.51
Cash Income Tax Paid	-3.24	-6.71	-9.86	-12.23	6.65
Levered Free Cash Flow	-20.51	-86.54	-200.86	-61.6	-107.3
Unlevered Free Cash Flow	-20.29	-85.76	-200.75	-60.95	-107.27
Change in Working Capital	-29.9	-49.27	-30.94	14.68	-8.78

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