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 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	-38.73	-41.84	21.75	31.73	45.54	50.13
Depreciation & Amortization	33.05	33.05	31.71	25.47	26.31	25.27
Other Amortization	4.98	4.98	4.28	3.65	2.65	1.28
Loss (Gain) From Sale of Assets	-5.71	-5.71	-0.21	-0.05	-0.1	0.04
Asset Writedown & Restructuring Costs	10.74	10.74	9.6	3.92	7.47	-
Loss (Gain) From Sale of Investments	19.71	19.71	10.75	-4.74	-3.17	-14.56
Provision & Write-off of Bad Debts	28.88	28.88	54.87	57.44	26.47	26.89
Other Operating Activities	24.03	16.43	18.78	1.68	8.92	9.76
Change in Accounts Receivable	44.62	44.62	-424.18	-495.37	-229.74	-306.2
Change in Inventory	36.45	36.45	-9.77	-0.35	-0.87	-32.95
Change in Accounts Payable	-97.4	-97.4	277.62	397.63	244.68	138.04
Change in Other Net Operating Assets	28.22	28.22	44.3	-83.54	14.95	-29.35
Operating Cash Flow	85.4	74.69	28.84	-74.5	137.56	-136.59
Operating Cash Flow Growth	28.53%	158.97%	-	-	-	-
Capital Expenditures	-21.15	-24.67	-57.23	-40.79	-59.25	-100.67
Sale of Property, Plant & Equipment	5.52	5.52	0.32	0.12	0.84	0.11
Cash Acquisitions	-	-	-0.37	-	-	-
Divestitures	-	-	0	-	-	-
Investment in Securities	-10	-10	-18.25	4.81	-22.38	-15.48
Other Investing Activities	-3.46	-0.99	1.69	0.56	-	-
Investing Cash Flow	-29.09	-30.14	-73.84	-35.3	-80.79	-116.04
Long-Term Debt Issued	-	191.35	275	129.6	121.1	34.9
Long-Term Debt Repaid	-	-204.45	-192.33	-124.26	-50.23	-88.22
Net Debt Issued (Repaid)	-2.38	-13.1	82.67	5.34	70.87	-53.32
Common Dividends Paid	-17.11	-17.48	-22.46	-24.39	-21.68	-37.12
Dividends Paid	-17.11	-17.48	-22.46	-24.39	-21.68	-37.12
Other Financing Activities	-	-	-	0.35	0.31	-17.51
Financing Cash Flow	-19.49	-30.58	60.21	-18.7	49.5	-107.95
Net Cash Flow	36.82	13.97	15.21	-128.5	106.28	-360.58
Free Cash Flow	64.25	50.03	-28.39	-115.29	78.31	-237.26
Free Cash Flow Growth	378.86%	-	-	-	-	-
Free Cash Flow Margin	4.67%	3.61%	-1.77%	-7.73%	6.13%	-24.66%
Free Cash Flow Per Share	0.49	0.38	-0.21	-0.87	0.60	-1.80
Cash Income Tax Paid	57.54	62.18	53.5	46.25	48.57	34.73
Levered Free Cash Flow	-56.82	-41.57	-70.24	-24.09	93.75	-176.44
Unlevered Free Cash Flow	-48.78	-33.53	-62.13	-18.46	98.72	-170.49
Change in Working Capital	8.45	8.45	-122.68	-193.59	23.46	-235.41

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