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 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	569.87	516.62	361.87	296.08	269	443.51
Depreciation & Amortization	32.31	32.31	27.42	28.39	31.75	25.19
Other Amortization	2.05	2.05	1.42	1.31	1.2	0.68
Loss (Gain) From Sale of Assets	-0.07	-0.07	-0	-0	-0	-0
Asset Writedown & Restructuring Costs	0.44	0.44	0.32	0.44	0.27	0.17
Loss (Gain) From Sale of Investments	-1.04	-1.04	-	-	-	-
Provision & Write-off of Bad Debts	25.1	25.1	13.61	7.56	5.49	11.86
Other Operating Activities	-76.24	0.93	-0.24	-2.59	-3.1	-4.19
Change in Accounts Receivable	-165.95	-165.95	-84.54	-32.12	-41.91	-176.26
Change in Inventory	-3.99	-3.99	70.86	-0.96	-25.5	29.8
Change in Accounts Payable	129.6	129.6	88.14	52.95	-21.11	-63.39
Change in Other Net Operating Assets	13.77	13.77	-	-	-	8.31
Operating Cash Flow	511.46	535.38	473.5	345.75	208.97	283.05
Operating Cash Flow Growth	19.90%	13.07%	36.95%	65.46%	-26.17%	-
Capital Expenditures	-196.89	-133.49	-132.28	-75.12	-41.82	-6.75
Sale of Property, Plant & Equipment	0.02	0.08	0	-	0	0.01
Sale (Purchase) of Intangibles	-3.49	-3.49	-0.21	-3.71	-	-
Investment in Securities	-61.08	-94.4	-	-	-	-
Other Investing Activities	0.4	-	-	-	-0	-
Investing Cash Flow	-261.04	-231.3	-132.49	-78.83	-41.82	-6.75
Long-Term Debt Repaid	-	-19.2	-15.99	-14.05	-	-15
Net Debt Issued (Repaid)	-19.2	-19.2	-15.99	-14.05	-	-15
Issuance of Common Stock	-	-	1,602	-	-	-
Common Dividends Paid	-67.94	-105.94	-83.6	-	-68.4	-14.44
Other Financing Activities	2.58	0.23	24.49	-	-13.57	-8.37
Financing Cash Flow	-84.56	-124.91	1,527	-14.05	-81.97	-37.81
Net Cash Flow	165.85	179.17	1,868	252.88	85.18	238.49
Free Cash Flow	314.57	401.88	341.22	270.63	167.15	276.3
Free Cash Flow Growth	10.63%	17.78%	26.08%	61.91%	-39.50%	-
Free Cash Flow Margin	21.57%	30.78%	32.67%	34.07%	24.29%	37.19%
Free Cash Flow Per Share	2.78	3.55	3.44	3.18	1.97	3.25
Cash Income Tax Paid	184.96	179.54	88.43	61.86	77.49	76.72
Levered Free Cash Flow	37.57	227.21	225.27	144.33	66.73	-
Unlevered Free Cash Flow	37.57	227.21	225.27	144.33	67.11	-
Change in Working Capital	-40.97	-40.97	69.1	14.56	-95.64	-194.15

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