SHA:688701 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	-82.2	-120.89	-93.87	17.17
Depreciation & Amortization	12.67	13.73	15.41	12.53
Other Amortization	0.25	0.27	0.23	0.02
Loss (Gain) From Sale of Assets	-0.1	-0.09	-	0.07
Asset Writedown & Restructuring Costs	0.54	0.79	17.88	-
Loss (Gain) From Sale of Investments	-0.01	-	-	0.02
Provision & Write-off of Bad Debts	26.17	61.52	-	34.27
Other Operating Activities	7.72	9.38	6.87	6.91
Change in Accounts Receivable	30.69	-105.03	-5.52	-184.66
Change in Inventory	0.43	-0.51	-3.51	0.2
Change in Accounts Payable	17.51	68.6	-19.87	44.19
Change in Other Net Operating Assets	-	-	1.12	-
Operating Cash Flow	9.91	-81.12	-83.42	-74.21
Capital Expenditures	-3.89	-2.26	-10.64	-19.65
Sale of Property, Plant & Equipment	0.01	0.15	0.07	-
Investment in Securities	-0.49	-	-1.05	-
Investing Cash Flow	-4.37	-2.1	-11.63	-19.65
Short-Term Debt Issued	-	-	-	129.3
Long-Term Debt Issued	238.1	224.57	205.78	-
Total Debt Issued	238.1	224.57	205.78	129.3
Short-Term Debt Repaid	-	-	-	-89.8
Long-Term Debt Repaid	-301.86	-234.29	-119.94	-5.33
Total Debt Repaid	-301.86	-234.29	-119.94	-95.13
Net Debt Issued (Repaid)	-63.77	-9.72	85.84	34.17
Issuance of Common Stock	-	-	-	223.54
Common Dividends Paid	-7.43	-9.18	-20	-6.57
Dividends Paid	-7.43	-9.18	-20	-6.57
Other Financing Activities	-	-	-	-21.66
Financing Cash Flow	-71.2	-18.9	65.85	229.47
Net Cash Flow	-65.66	-102.13	-29.2	135.61
Free Cash Flow	6.02	-83.38	-94.07	-93.86
Free Cash Flow Margin	2.48%	-24.04%	-38.27%	-22.72%
Free Cash Flow Per Share	0.04	-0.62	-0.70	-0.71
Cash Income Tax Paid	11.76	12.04	17.87	28.15
Levered Free Cash Flow	24.75	-40.99	-76.55	-88.81
Unlevered Free Cash Flow	29.57	-35.12	-72.25	-84.49
Change in Working Capital	44.87	-45.84	-29.93	-145.21

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