SHA:688667 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	135.53	15.95	49.13	67.03	137.55
Depreciation & Amortization	43.17	37.72	30.94	18.31	12.9
Other Amortization	0.06	2.21	0.34	0.12	0.07
Loss (Gain) From Sale of Assets	-0.01	0.1	0.06	0.06	-
Asset Writedown & Restructuring Costs	9.84	0.15	1.36	0.29	3.54
Loss (Gain) From Sale of Investments	-7.87	-6.55	-8.71	-19.15	-17.17
Provision & Write-off of Bad Debts	-	-0.16	7.12	1.64	3.83
Other Operating Activities	0.04	24.65	13.81	4.53	1.06
Change in Accounts Receivable	-2.54	84.66	-275.39	29.98	-95.57
Change in Inventory	34.48	92.34	-37.75	-229.08	-46.67
Change in Accounts Payable	-13.9	-42.05	123.58	62.08	23.16
Change in Other Net Operating Assets	4.12	26.92	31.81	37.4	22.83
Operating Cash Flow	203.01	229	-72.66	-31.16	41.38
Operating Cash Flow Growth	-11.35%	-	-	-	566.53%
Capital Expenditures	-13.7	-35.05	-88.49	-210.34	-56.36
Sale of Property, Plant & Equipment	0.04	0.35	0.17	0.04	0
Investment in Securities	-32.5	-7	277	218	-743
Other Investing Activities	11.1	6.49	8.99	18.47	16.8
Investing Cash Flow	-35.07	-35.21	197.67	26.17	-782.55
Short-Term Debt Issued	-	-	-	-	54.75
Total Debt Issued	-	-	-	-	54.75
Short-Term Debt Repaid	-	-	-	-30	-60
Long-Term Debt Repaid	-	-1.77	-3.08	-1.92	-0.9
Total Debt Repaid	-	-1.77	-3.08	-31.92	-60.9
Net Debt Issued (Repaid)	-	-1.77	-3.08	-31.92	-6.15
Issuance of Common Stock	34.44	-	-	7.61	905.73
Common Dividends Paid	-5.18	-14.77	-7.77	-0.36	-32
Other Financing Activities	-1.96	-	-	3	-26.22
Financing Cash Flow	27.31	-16.54	-10.85	-21.67	841.36
Foreign Exchange Rate Adjustments	-	-	-	-	-0
Net Cash Flow	195.25	177.25	114.16	-26.67	100.18
Free Cash Flow	189.3	193.96	-161.15	-241.51	-14.98
Free Cash Flow Growth	-2.40%	-	-	-	-
Free Cash Flow Margin	15.86%	16.22%	-15.98%	-33.92%	-1.79%
Free Cash Flow Per Share	3.63	3.77	-3.05	-4.61	-0.31
Cash Income Tax Paid	25.98	20.65	15.62	51	44.84
Levered Free Cash Flow	141.14	137.73	-200.08	-229.18	-33.48
Unlevered Free Cash Flow	141.14	137.97	-199.9	-228.91	-32.6
Change in Working Capital	22.24	154.94	-166.73	-103.99	-100.41

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