SHA:688695 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	38.72	66.66	43.84	48.42
Depreciation & Amortization	11	10.68	7.89	6.02
Other Amortization	2.33	-	0.32	0.16
Loss (Gain) From Sale of Assets	0.02	-	-	-
Loss (Gain) From Sale of Investments	-0.9	-	-	-0.05
Provision & Write-off of Bad Debts	15.73	9.42	4.35	1.74
Other Operating Activities	-0.12	1	0.91	0.86
Change in Accounts Receivable	-78.53	-97.83	-66.02	-26.96
Change in Inventory	-5.44	0.54	17.56	-9.65
Change in Accounts Payable	1.89	21.54	-11.76	6.45
Change in Other Net Operating Assets	-	-1	0.37	0.09
Operating Cash Flow	-16.8	10.15	-2.73	26.96
Operating Cash Flow Growth	-	-	-	6.09%
Capital Expenditures	-61.32	-7.13	-13.68	-5.06
Investment in Securities	-205	-	-	25
Other Investing Activities	0.51	-	-	0.09
Investing Cash Flow	-265.8	-7.13	-13.68	20.03
Long-Term Debt Repaid	-9.28	-6.58	-6.16	-5.32
Total Debt Repaid	-9.28	-6.58	-6.16	-5.32
Net Debt Issued (Repaid)	-9.28	-6.58	-6.16	-5.32
Issuance of Common Stock	437.93	-	-	135
Common Dividends Paid	-20.41	-	-	-2.81
Dividends Paid	-20.41	-	-	-2.81
Other Financing Activities	-33.08	-2.53	-7.53	-0.47
Financing Cash Flow	375.16	-9.11	-13.69	126.4
Net Cash Flow	92.55	-6.09	-30.1	173.39
Free Cash Flow	-78.12	3.02	-16.41	21.9
Free Cash Flow Growth	-	-	-	-5.28%
Free Cash Flow Margin	-40.21%	1.68%	-11.94%	18.22%
Free Cash Flow Per Share	-0.99	0.05	-0.26	0.39
Cash Income Tax Paid	14.17	9.21	7.21	9.49
Levered Free Cash Flow	-91.73	-24.13	-41.19	0.44
Unlevered Free Cash Flow	-91.29	-23.63	-40.57	1.1
Change in Working Capital	-83.57	-77.62	-60.04	-30.18

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.