SHA:688663 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	132.43	174.34	165.62	128.69	116.08	106.72
Depreciation & Amortization	16.43	16.43	13.37	11.55	9.51	8.64
Other Amortization	1.78	1.78	0.62	0.07	-	-
Loss (Gain) From Sale of Assets	-	-	0.02	-	0	0.08
Asset Writedown & Restructuring Costs	-	-	0	-	-	-
Loss (Gain) From Sale of Investments	-0.93	-0.93	-3.23	-9.24	-6.41	-
Provision & Write-off of Bad Debts	-0.39	-0.39	7.61	12.46	4.12	4.85
Other Operating Activities	106.77	18.44	3.72	2	0.7	3.32
Change in Accounts Receivable	-132.67	-132.67	-96.58	-353.98	-150.78	-141.1
Change in Inventory	2.66	2.66	-97.57	-147.35	-36.42	-7.47
Change in Accounts Payable	159.65	159.65	179.32	407.33	99.76	150.86
Change in Other Net Operating Assets	4.23	4.23	18.73	7.28	-	-
Operating Cash Flow	285.01	238.6	188.07	54	36.33	124.99
Operating Cash Flow Growth	14.02%	26.86%	248.28%	48.66%	-70.94%	86.43%
Capital Expenditures	-9.6	-11.58	-57.3	-18.17	-17.48	-22.85
Sale of Property, Plant & Equipment	-	-	0	-	-	-
Investment in Securities	30	81.24	194.27	77.67	-351.25	-
Other Investing Activities	0.39	1.34	3.94	8.92	4.49	-
Investing Cash Flow	16.81	70.99	140.91	68.42	-364.24	-22.85
Short-Term Debt Issued	-	-	6.66	29.01	-	20
Total Debt Issued	-	-	6.66	29.01	-	20
Short-Term Debt Repaid	-	-	-14	-20	-20	-20
Long-Term Debt Repaid	-	-1.77	-	-	-	-
Total Debt Repaid	-0.11	-1.77	-14	-20	-20	-20
Net Debt Issued (Repaid)	-0.11	-1.77	-7.34	9.01	-20	-
Issuance of Common Stock	29.8	-	-	-	460.07	-
Common Dividends Paid	-83.15	-56.83	-37.7	-34.76	-26.01	-42.88
Dividends Paid	-83.15	-56.83	-37.7	-34.76	-26.01	-42.88
Other Financing Activities	-12.93	4.9	14	0.86	-14.14	-39.91
Financing Cash Flow	-66.39	-53.7	-31.04	-24.89	399.92	-82.78
Net Cash Flow	235.42	255.89	297.94	97.53	72.01	19.36
Free Cash Flow	275.41	227.01	130.77	35.83	18.84	102.14
Free Cash Flow Growth	19.37%	73.60%	264.98%	90.17%	-81.55%	86.30%
Free Cash Flow Margin	15.04%	11.84%	7.69%	2.75%	2.00%	12.10%
Free Cash Flow Per Share	2.00	1.63	0.93	0.25	0.15	0.98
Cash Income Tax Paid	66.6	56.37	52.76	43.01	39.67	55.71
Levered Free Cash Flow	202.44	136.97	90.59	100.79	-23.69	78.36
Unlevered Free Cash Flow	202.44	137.06	90.63	100.9	-23.68	78.91
Change in Working Capital	28.93	28.93	0.35	-91.51	-87.67	1.39

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