SHA:688699 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	10.51	-46.46	7.09	-86.56	10.63	647.24
Depreciation & Amortization	95.47	95.47	97.86	92.95	80.39	51.21
Other Amortization	10.93	10.93	11.61	7.32	4.8	1.42
Loss (Gain) From Sale of Assets	0.13	0.13	0.02	-0.13	-0	-
Asset Writedown & Restructuring Costs	44.57	44.57	-	0.01	0.01	0.54
Loss (Gain) From Sale of Investments	-13.97	-13.97	-14.49	-8.47	-16.12	-12.37
Provision & Write-off of Bad Debts	-	-	2.75	0	2.21	1.02
Other Operating Activities	-71.72	4.94	40.08	106.22	55.32	7.06
Change in Accounts Receivable	-64.4	-64.4	-105.91	-2.25	-73.77	-179
Change in Inventory	8.18	8.18	-76.99	77.16	-152.95	-189.14
Change in Accounts Payable	71.91	71.91	-14.74	83.58	-14.23	64.13
Operating Cash Flow	92.16	111.86	-58.67	253.52	-115.27	391.63
Capital Expenditures	-24.68	-26	-39.55	-17.57	-63.3	-117.39
Sale of Property, Plant & Equipment	0.05	0.03	0.21	0.12	-	0.83
Investment in Securities	-167.22	-110.62	25.6	-514.62	-60	209.89
Other Investing Activities	5.94	5.06	13.15	5.21	11.67	12.61
Investing Cash Flow	-185.91	-131.53	-0.58	-526.86	-111.63	105.94
Short-Term Debt Issued	-	-	51.09	40.23	-	-
Long-Term Debt Issued	-	115.91	-	-	21.74	-
Total Debt Issued	117.41	115.91	51.09	40.23	21.74	-
Long-Term Debt Repaid	-	-50	-10.86	-6.94	-5.87	-6.55
Net Debt Issued (Repaid)	107.41	65.91	40.22	33.29	15.87	-6.55
Repurchase of Common Stock	-	-	-99.82	-	-	-
Common Dividends Paid	-1.06	-0.86	-0.14	-110.17	-173.5	-44.62
Other Financing Activities	-18.01	-17.94	-	-	-	-1.75
Financing Cash Flow	88.34	47.1	-59.74	-76.88	-157.63	-52.93
Foreign Exchange Rate Adjustments	-0.75	-0.46	0.41	0.12	1.16	-0.37
Net Cash Flow	-6.15	26.97	-118.57	-350.1	-383.37	444.27
Free Cash Flow	67.48	85.86	-98.21	235.95	-178.57	274.24
Free Cash Flow Margin	8.77%	12.91%	-16.17%	36.55%	-26.08%	21.92%
Free Cash Flow Per Share	0.64	0.81	-0.97	2.15	-1.68	2.49
Cash Income Tax Paid	9.63	0.71	8.88	1.41	14.07	148.97
Levered Free Cash Flow	98.54	137.41	218.65	-39.86	-136.06	140.58
Unlevered Free Cash Flow	98.54	137.41	219.65	-39.4	-135.55	141.06
Change in Working Capital	16.23	16.23	-203.58	142.18	-252.5	-304.49

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