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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	463.36	361.87	296.08	269	443.51
Depreciation & Amortization	27.88	26.92	28.39	31.75	25.19
Other Amortization	2.19	1.93	1.31	1.2	0.68
Loss (Gain) From Sale of Assets	-0	-0	-0	-0	-0
Asset Writedown & Restructuring Costs	0.94	0.49	0.44	0.27	0.17
Provision & Write-off of Bad Debts	23.93	14.88	7.56	5.49	11.86
Other Operating Activities	-2.06	-1.68	-2.59	-3.1	-4.19
Change in Accounts Receivable	-185.79	-84.54	-32.12	-41.91	-176.26
Change in Inventory	71.49	70.86	-0.96	-25.5	29.8
Change in Accounts Payable	80.46	88.14	52.95	-21.11	-63.39
Change in Other Net Operating Assets	-	-	-	-	8.31
Operating Cash Flow	476.23	473.5	345.75	208.97	283.05
Operating Cash Flow Growth	49.70%	36.95%	65.46%	-26.17%	-
Capital Expenditures	-161.45	-132.28	-75.12	-41.82	-6.75
Sale of Property, Plant & Equipment	0.07	0	-	0	0.01
Sale (Purchase) of Intangibles	-0.21	-0.21	-3.71	-	-
Other Investing Activities	-	-	-	-0	-
Investing Cash Flow	-212.67	-132.49	-78.83	-41.82	-6.75
Long-Term Debt Repaid	-	-15.99	-14.05	-	-15
Net Debt Issued (Repaid)	-18.31	-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	6.26	24.49	-	-13.57	-8.37
Financing Cash Flow	-133.65	1,527	-14.05	-81.97	-37.81
Net Cash Flow	129.91	1,868	252.88	85.18	238.49
Free Cash Flow	314.78	341.22	270.63	167.15	276.3
Free Cash Flow Growth	40.69%	26.08%	61.91%	-39.50%	-
Free Cash Flow Margin	25.90%	32.67%	34.07%	24.29%	37.19%
Free Cash Flow Per Share	2.79	3.44	3.18	1.97	3.25
Cash Income Tax Paid	120.87	88.43	61.86	77.49	76.72
Levered Free Cash Flow	148.1	225.27	144.33	66.73	-
Unlevered Free Cash Flow	148.1	225.27	144.33	67.11	-
Change in Working Capital	-39.92	69.1	14.56	-95.64	-194.15

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