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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	71.51	95.41	180.02	165.62	128.69	116.08
Depreciation & Amortization	22.38	22.38	18.49	13.37	11.55	9.51
Other Amortization	2.22	2.22	0.8	0.62	0.07	-
Loss (Gain) From Sale of Assets	-	-	-0.08	0.02	-	0
Loss (Gain) From Sale of Investments	0.23	0.23	-0.93	-3.23	-9.24	-6.41
Provision & Write-off of Bad Debts	15.77	15.77	10.05	7.61	12.46	4.12
Other Operating Activities	-53.26	27.87	13.91	3.72	2	0.7
Change in Accounts Receivable	237.49	237.49	-149.19	-96.58	-353.98	-150.78
Change in Inventory	-307.69	-307.69	-5.73	-97.57	-147.35	-36.42
Change in Accounts Payable	312.59	312.59	170.41	179.32	407.33	99.76
Change in Other Net Operating Assets	3.15	3.15	6	18.73	7.28	-
Operating Cash Flow	297.07	402.11	238.79	188.07	54	36.33
Operating Cash Flow Growth	-6.13%	68.40%	26.97%	248.28%	48.66%	-70.94%
Capital Expenditures	-6.74	-4.98	-11.82	-57.3	-18.17	-17.48
Sale of Property, Plant & Equipment	-	-	-	0	-	-
Investment in Securities	-	-	81.24	194.27	77.67	-351.25
Other Investing Activities	-	-	1.34	3.94	8.92	4.49
Investing Cash Flow	-6.74	-4.98	70.76	140.91	68.42	-364.24
Short-Term Debt Issued	-	-	-	6.66	29.01	-
Total Debt Issued	-	-	-	6.66	29.01	-
Short-Term Debt Repaid	-	-	-	-14	-20	-20
Long-Term Debt Repaid	-	-2.01	-1.77	-	-	-
Total Debt Repaid	-2.01	-2.01	-1.77	-14	-20	-20
Net Debt Issued (Repaid)	-2.01	-2.01	-1.77	-7.34	9.01	-20
Issuance of Common Stock	32.01	29.8	-	-	-	460.07
Repurchase of Common Stock	-45	-45	-	-	-	-
Common Dividends Paid	-83.15	-83.15	-56.83	-37.7	-34.76	-26.01
Other Financing Activities	-98.05	-3.86	4.9	14	0.86	-14.14
Financing Cash Flow	-196.21	-104.21	-53.7	-31.04	-24.89	399.92
Foreign Exchange Rate Adjustments	-0.17	-0.07	-	-	-	-
Net Cash Flow	93.96	292.85	255.85	297.94	97.53	72.01
Free Cash Flow	290.33	397.13	226.97	130.77	35.83	18.84
Free Cash Flow Growth	-6.27%	74.97%	73.57%	264.98%	90.17%	-81.55%
Free Cash Flow Margin	15.85%	19.77%	10.19%	7.69%	2.75%	2.00%
Free Cash Flow Per Share	2.10	2.87	1.63	0.93	0.25	0.15
Cash Income Tax Paid	50.22	62.65	71.73	52.76	43.01	39.67
Levered Free Cash Flow	131.59	353.57	90	90.59	100.79	-23.69
Unlevered Free Cash Flow	131.92	353.9	90.33	90.63	100.9	-23.68
Change in Working Capital	238.23	238.23	16.53	0.35	-91.51	-87.67

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