SHA:688693 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-92.22	-97.19	17.79	61.12	48.48
Depreciation & Amortization	24.27	18.55	14.35	6.47	3.02
Other Amortization	1.3	1.99	1.28	1.34	0.21
Loss (Gain) From Sale of Assets	0	-0.02	-0	-	-
Asset Writedown & Restructuring Costs	47.05	3.53	-	0	-
Loss (Gain) From Sale of Investments	-8.24	-6.84	-1.93	-0.92	-2.79
Stock-Based Compensation	-	-	-	-	3.65
Provision & Write-off of Bad Debts	-	0.71	3.08	1.88	-0.54
Other Operating Activities	-0.14	51.01	14.47	6.86	1.54
Change in Accounts Receivable	-40.98	-2.82	-14.59	-50.59	27.3
Change in Inventory	-72.44	-23.6	-35.65	-55.3	-37.31
Change in Accounts Payable	49.6	10.92	-33.65	18.54	6.98
Change in Other Net Operating Assets	2.83	-	-	-	-
Operating Cash Flow	-95.24	-51.67	-36.15	-11.16	50.65
Capital Expenditures	-11.78	-14.41	-19.22	-49.14	-77.02
Sale of Property, Plant & Equipment	0	0.03	-	-	-
Investment in Securities	226	-141	-290	9.9	-9.9
Other Investing Activities	12.84	5.7	1.37	0.97	2.74
Investing Cash Flow	227.06	-149.68	-307.86	-38.27	-84.18
Short-Term Debt Issued	-	-	13.77	25.6	-
Long-Term Debt Issued	19.4	-	-	-	48.9
Total Debt Issued	19.4	-	13.77	25.6	48.9
Short-Term Debt Repaid	-	-	-38.77	-48.4	-
Long-Term Debt Repaid	-16.3	-1.97	-1	-1.02	-17.8
Total Debt Repaid	-16.3	-1.97	-39.77	-49.43	-17.8
Net Debt Issued (Repaid)	3.1	-1.97	-26	-23.83	31.1
Issuance of Common Stock	-	-	693.47	-	100
Common Dividends Paid	-0.2	-19.89	-0.85	-1.34	-0.92
Other Financing Activities	-27.29	-0.49	-23.79	-4.73	-
Financing Cash Flow	-24.39	-22.35	642.82	-29.91	130.18
Foreign Exchange Rate Adjustments	-0	0.01	0	-	-
Net Cash Flow	107.43	-223.7	298.81	-79.34	96.66
Free Cash Flow	-107.02	-66.08	-55.37	-60.3	-26.37
Free Cash Flow Margin	-42.04%	-50.78%	-25.91%	-25.62%	-12.57%
Free Cash Flow Per Share	-1.46	-0.90	-0.90	-1.09	-0.51
Cash Income Tax Paid	0.7	-1.73	4.63	-6.76	8.22
Levered Free Cash Flow	-52.72	-25.89	-71.7	-95.14	-49.26
Unlevered Free Cash Flow	-52.72	-25.8	-71.15	-94.29	-48.61
Change in Working Capital	-67.25	-23.41	-85.19	-87.92	-2.92

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