SHA:688679 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	-1.88	21.75	31.73	45.54	50.13	90.42
Depreciation & Amortization	30.93	30.93	25.47	26.31	25.27	14.06
Other Amortization	5.06	5.06	3.65	2.65	1.28	2.41
Loss (Gain) From Sale of Assets	-0.21	-0.21	-0.05	-0.1	0.04	0.61
Asset Writedown & Restructuring Costs	9.6	9.6	3.92	7.47	-	0.01
Loss (Gain) From Sale of Investments	10.75	10.75	-4.74	-3.17	-14.56	-2.01
Provision & Write-off of Bad Debts	54.87	54.87	57.44	26.47	26.89	10.24
Other Operating Activities	199.13	18.78	1.68	8.92	9.76	6.25
Change in Accounts Receivable	-424.18	-424.18	-495.37	-229.74	-306.2	-130.7
Change in Inventory	-9.77	-9.77	-0.35	-0.87	-32.95	-7.57
Change in Accounts Payable	277.62	277.62	397.63	244.68	138.04	130.9
Change in Other Net Operating Assets	44.3	44.3	-83.54	14.95	-29.35	-9.99
Operating Cash Flow	185.57	28.84	-74.5	137.56	-136.59	102.98
Operating Cash Flow Growth	-	-	-	-	-	-26.43%
Capital Expenditures	-50.27	-57.23	-40.79	-59.25	-100.67	-72.07
Sale of Property, Plant & Equipment	0.31	0.32	0.12	0.84	0.11	0.31
Cash Acquisitions	-0.37	-0.37	-	-	-	-2.44
Divestitures	-	0	-	-	-	-
Investment in Securities	-13	-18.25	4.81	-22.38	-15.48	-21.39
Other Investing Activities	2.29	1.69	0.56	-	-	-
Investing Cash Flow	-61.04	-73.84	-35.3	-80.79	-116.04	-95.59
Long-Term Debt Issued	-	275	129.6	121.1	34.9	72
Long-Term Debt Repaid	-	-192.33	-124.26	-50.23	-88.22	-93.1
Net Debt Issued (Repaid)	4.12	82.67	5.34	70.87	-53.32	-21.1
Issuance of Common Stock	-	-	-	-	-	332.65
Common Dividends Paid	-19.5	-22.46	-24.39	-21.68	-37.12	-8.14
Dividends Paid	-19.5	-22.46	-24.39	-21.68	-37.12	-8.14
Other Financing Activities	-0.12	-	0.35	0.31	-17.51	16.99
Financing Cash Flow	-15.5	60.21	-18.7	49.5	-107.95	320.4
Net Cash Flow	109.03	15.21	-128.5	106.28	-360.58	327.79
Free Cash Flow	135.3	-28.39	-115.29	78.31	-237.26	30.91
Free Cash Flow Growth	-	-	-	-	-	-45.54%
Free Cash Flow Margin	9.38%	-1.77%	-7.73%	6.13%	-24.66%	3.62%
Free Cash Flow Per Share	1.11	-0.21	-0.87	0.60	-1.80	0.32
Cash Income Tax Paid	60.89	53.5	46.25	48.57	34.73	45.15
Levered Free Cash Flow	80.19	-68.94	-24.09	93.75	-176.44	28.12
Unlevered Free Cash Flow	88.85	-60.84	-18.46	98.72	-170.49	33.18
Change in Working Capital	-122.68	-122.68	-193.59	23.46	-235.41	-19

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