SHA:688676 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	574.42	504.66	283.28	234.62
Depreciation & Amortization	219.19	152.82	95.32	80.76
Other Amortization	10.63	0.09	0.09	-
Loss (Gain) From Sale of Assets	-0.68	0.4	-1	0.84
Asset Writedown & Restructuring Costs	-0.3	0.26	-0.01	28.09
Loss (Gain) From Sale of Investments	18.39	14.15	19.94	-6.38
Provision & Write-off of Bad Debts	91.64	67.81	50.14	-
Other Operating Activities	38.04	65.85	26.91	30.13
Change in Accounts Receivable	-466.06	-923.94	-370.77	-237.91
Change in Inventory	-392.03	-16.32	-316.55	-383.62
Change in Accounts Payable	-130.46	292.55	115.52	503.33
Change in Other Net Operating Assets	6	25.81	22.98	5.6
Operating Cash Flow	-36.98	204.96	-104.2	252.87
Operating Cash Flow Growth	-	-	-	31.57%
Capital Expenditures	-434.95	-918.98	-536.84	-231.95
Sale of Property, Plant & Equipment	2.04	8.78	0.51	0.62
Cash Acquisitions	-0.02	-	-	-
Divestitures	-	-	-	-12.13
Investment in Securities	-10.73	651.83	-568.94	-224.48
Other Investing Activities	6.14	11.4	11.29	9.25
Investing Cash Flow	-437.53	-246.98	-1,094	-458.69
Long-Term Debt Issued	1,417	669.04	512.66	287.1
Long-Term Debt Repaid	-873.55	-543.35	-457.73	-45.29
Net Debt Issued (Repaid)	543.81	125.7	54.94	241.82
Issuance of Common Stock	28.88	0.5	978.83	379.6
Repurchase of Common Stock	-98.01	-	-	-
Common Dividends Paid	-237.76	-127.47	-103.64	-99.76
Other Financing Activities	5.99	247.5	-	-27.95
Financing Cash Flow	242.91	246.22	930.12	493.7
Foreign Exchange Rate Adjustments	11.75	6.58	18.92	-8.03
Net Cash Flow	-219.85	210.79	-249.14	279.85
Free Cash Flow	-471.93	-714.03	-641.05	20.92
Free Cash Flow Margin	-6.84%	-10.71%	-13.51%	0.63%
Free Cash Flow Per Share	-1.06	-1.67	-1.52	0.05
Cash Income Tax Paid	111.54	83.38	32.4	10.67
Levered Free Cash Flow	-906.71	-1,118	-716.58	-48.47
Unlevered Free Cash Flow	-876.45	-1,083	-699.34	-39.86
Change in Working Capital	-988.33	-601.09	-578.88	-115.2

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