SHA:688701 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-91.96	-82.2	-120.89	-93.87	17.17	46.75
Depreciation & Amortization	12.67	12.67	13.73	15.41	12.53	5.94
Other Amortization	0.25	0.25	0.27	0.23	0.02	-
Loss (Gain) From Sale of Assets	-0.1	-0.1	-0.09	-	0.07	-0.02
Asset Writedown & Restructuring Costs	0.54	0.54	0.79	17.88	-	0.73
Loss (Gain) From Sale of Investments	-0.01	-0.01	-	-	0.02	-2.58
Provision & Write-off of Bad Debts	26.17	26.17	61.52	-	34.27	11.68
Other Operating Activities	28.55	7.72	9.38	6.87	6.91	4.56
Change in Accounts Receivable	30.69	30.69	-105.03	-5.52	-184.66	-210.79
Change in Inventory	0.43	0.43	-0.51	-3.51	0.2	103.61
Change in Accounts Payable	17.51	17.51	68.6	-19.87	44.19	51.1
Change in Other Net Operating Assets	-	-	-	1.12	-	-
Operating Cash Flow	20.98	9.91	-81.12	-83.42	-74.21	9.23
Operating Cash Flow Growth	480.46%	-	-	-	-	-
Capital Expenditures	-5.33	-3.89	-2.26	-10.64	-19.65	-16.08
Sale of Property, Plant & Equipment	0.01	0.01	0.15	0.07	-	21.9
Divestitures	-	-	-	-	-	2.42
Investment in Securities	-1.49	-0.49	-	-1.05	-	-
Other Investing Activities	-0	-	-	-	-	-
Investing Cash Flow	-6.8	-4.37	-2.1	-11.63	-19.65	8.24
Short-Term Debt Issued	-	-	-	-	129.3	85.51
Long-Term Debt Issued	-	238.1	224.57	205.78	-	-
Total Debt Issued	274.39	238.1	224.57	205.78	129.3	85.51
Short-Term Debt Repaid	-	-	-	-	-89.8	-104.17
Long-Term Debt Repaid	-	-301.86	-234.29	-119.94	-5.33	-
Total Debt Repaid	-300.17	-301.86	-234.29	-119.94	-95.13	-104.17
Net Debt Issued (Repaid)	-25.78	-63.77	-9.72	85.84	34.17	-18.66
Issuance of Common Stock	-	-	-	-	223.54	-
Common Dividends Paid	-7.53	-7.43	-9.18	-20	-6.57	-5.59
Dividends Paid	-7.53	-7.43	-9.18	-20	-6.57	-5.59
Other Financing Activities	31.07	-	-	-	-21.66	-0.08
Financing Cash Flow	-2.25	-71.2	-18.9	65.85	229.47	-24.33
Net Cash Flow	11.93	-65.66	-102.13	-29.2	135.61	-6.85
Free Cash Flow	15.65	6.02	-83.38	-94.07	-93.86	-6.84
Free Cash Flow Margin	12.25%	2.48%	-24.04%	-38.27%	-22.72%	-2.01%
Free Cash Flow Per Share	0.12	0.04	-0.62	-0.70	-0.71	-0.07
Cash Income Tax Paid	10.66	11.76	12.04	17.87	28.15	37.28
Levered Free Cash Flow	77.1	24.75	-40.99	-76.55	-88.81	-14.35
Unlevered Free Cash Flow	81.92	29.57	-35.12	-72.25	-84.49	-10.95
Change in Working Capital	44.87	44.87	-45.84	-29.93	-145.21	-57.81

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.