SHA:688667 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	82.5	15.95	49.13	67.03	137.55	156.85
Depreciation & Amortization	37.72	37.72	30.94	18.31	12.9	9.11
Other Amortization	2.21	2.21	0.34	0.12	0.07	0.05
Loss (Gain) From Sale of Assets	0.1	0.1	0.06	0.06	-	-
Asset Writedown & Restructuring Costs	0.15	0.15	1.36	0.29	3.54	4.81
Loss (Gain) From Sale of Investments	-6.55	-6.55	-8.71	-19.15	-17.17	-
Provision & Write-off of Bad Debts	-0.16	-0.16	7.12	1.64	3.83	3.42
Other Operating Activities	-5.21	24.65	13.81	4.53	1.06	2.98
Change in Accounts Receivable	84.66	84.66	-275.39	29.98	-95.57	-130.15
Change in Inventory	92.34	92.34	-37.75	-229.08	-46.67	9.75
Change in Accounts Payable	-42.05	-42.05	123.58	62.08	23.16	-50.07
Change in Other Net Operating Assets	26.92	26.92	31.81	37.4	22.83	0.12
Operating Cash Flow	265.7	229	-72.66	-31.16	41.38	6.21
Operating Cash Flow Growth	63.98%	-	-	-	566.53%	-
Capital Expenditures	-14.62	-35.05	-88.49	-210.34	-56.36	-19.38
Sale of Property, Plant & Equipment	0.04	0.35	0.17	0.04	0	-
Investment in Securities	-482.5	-7	277	218	-743	-
Other Investing Activities	9.21	6.49	8.99	18.47	16.8	-
Investing Cash Flow	-487.87	-35.21	197.67	26.17	-782.55	-19.38
Short-Term Debt Issued	-	-	-	-	54.75	69.16
Total Debt Issued	-	-	-	-	54.75	69.16
Short-Term Debt Repaid	-	-	-	-30	-60	-52
Long-Term Debt Repaid	-	-1.77	-3.08	-1.92	-0.9	-
Total Debt Repaid	-1.77	-1.77	-3.08	-31.92	-60.9	-52
Net Debt Issued (Repaid)	-1.77	-1.77	-3.08	-31.92	-6.15	17.16
Issuance of Common Stock	16.19	-	-	7.61	905.73	-
Common Dividends Paid	-5.18	-14.77	-7.77	-0.36	-32	-2.99
Other Financing Activities	-0.31	-	-	3	-26.22	-
Financing Cash Flow	8.92	-16.54	-10.85	-21.67	841.36	14.16
Foreign Exchange Rate Adjustments	-	-	-	-	-0	0
Net Cash Flow	-213.25	177.25	114.16	-26.67	100.18	0.99
Free Cash Flow	251.08	193.96	-161.15	-241.51	-14.98	-13.17
Free Cash Flow Margin	20.00%	16.22%	-15.98%	-33.92%	-1.79%	-1.73%
Free Cash Flow Per Share	4.79	3.77	-3.05	-4.61	-0.31	-0.34
Cash Income Tax Paid	25.09	20.65	15.62	51	44.84	33.73
Levered Free Cash Flow	224.62	137.73	-200.08	-229.18	-33.48	-40.99
Unlevered Free Cash Flow	224.79	137.97	-199.9	-228.91	-32.6	-38.19
Change in Working Capital	154.94	154.94	-166.73	-103.99	-100.41	-171

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.