SHA:688692 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
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
Net Income	517.24	361.87	296.08	269	443.51
Depreciation & Amortization	26.92	26.92	28.39	31.75	25.19
Other Amortization	1.93	1.93	1.31	1.2	0.68
Loss (Gain) From Sale of Assets	-0	-0	-0	-0	-0
Asset Writedown & Restructuring Costs	0.49	0.49	0.44	0.27	0.17
Provision & Write-off of Bad Debts	14.88	14.88	7.56	5.49	11.86
Other Operating Activities	-122.15	-1.68	-2.59	-3.1	-4.19
Change in Accounts Receivable	-84.54	-84.54	-32.12	-41.91	-176.26
Change in Inventory	70.86	70.86	-0.96	-25.5	29.8
Change in Accounts Payable	88.14	88.14	52.95	-21.11	-63.39
Change in Other Net Operating Assets	-	-	-	-	8.31
Operating Cash Flow	508.4	473.5	345.75	208.97	283.05
Operating Cash Flow Growth	45.34%	36.95%	65.46%	-26.17%	-
Capital Expenditures	-162.56	-132.28	-75.12	-41.82	-6.75
Sale of Property, Plant & Equipment	0.08	0	-	0	0.01
Sale (Purchase) of Intangibles	-0.21	-0.21	-3.71	-	-
Other Investing Activities	-	-	-	-0	-
Investing Cash Flow	-257.09	-132.49	-78.83	-41.82	-6.75
Long-Term Debt Repaid	-	-15.99	-14.05	-	-15
Net Debt Issued (Repaid)	-15.99	-15.99	-14.05	-	-15
Issuance of Common Stock	-	1,602	-	-	-
Common Dividends Paid	-121.6	-83.6	-	-68.4	-14.44
Other Financing Activities	3.64	24.49	-	-13.57	-8.37
Financing Cash Flow	-133.95	1,527	-14.05	-81.97	-37.81
Net Cash Flow	117.36	1,868	252.88	85.18	238.49
Free Cash Flow	345.84	341.22	270.63	167.15	276.3
Free Cash Flow Growth	47.27%	26.08%	61.91%	-39.50%	-
Free Cash Flow Margin	27.77%	32.67%	34.07%	24.29%	37.19%
Free Cash Flow Per Share	3.05	3.44	3.18	1.97	3.25
Cash Income Tax Paid	139.04	88.43	61.86	77.49	76.72
Levered Free Cash Flow	47.27	225.27	144.33	66.73	-
Unlevered Free Cash Flow	47.27	225.27	144.33	67.11	-
Change in Working Capital	69.1	69.1	14.56	-95.64	-194.15

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