SHA:688702 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	-68.26	-19.53	-29.42	-3.46
Depreciation & Amortization	44.32	70.05	70.46	34.27
Other Amortization	7.77	4.46	4.28	2.38
Asset Writedown & Restructuring Costs	0.07	0.07	0.5	0.12
Loss (Gain) From Sale of Investments	-9.33	-0.69	-	-0.21
Provision & Write-off of Bad Debts	4.32	-2.53	2.62	0.08
Other Operating Activities	11.02	34.82	57.19	4.49
Change in Accounts Receivable	212.57	-147.58	-51.77	-190.76
Change in Inventory	-19.68	-434.94	-139.38	-79.19
Change in Accounts Payable	-8.58	232.6	-25.34	40.82
Operating Cash Flow	174.21	-263.27	-110.86	-191.46
Capital Expenditures	-115.85	-57.32	-163.05	-145.75
Sale of Property, Plant & Equipment	-	0	0	-
Investment in Securities	-42.6	-600	-	-
Other Investing Activities	9.3	-	-	0.21
Investing Cash Flow	-149.15	-657.32	-163.04	-145.54
Long-Term Debt Issued	134	1,024	749.63	443.57
Long-Term Debt Repaid	-511.56	-1,413	-475.84	-
Net Debt Issued (Repaid)	-377.56	-388.46	273.78	443.57
Issuance of Common Stock	-	2,023	-	120
Common Dividends Paid	-8.68	-30.59	-18.56	-4.04
Other Financing Activities	-0.09	-21.42	-4.27	-
Financing Cash Flow	-386.33	1,582	250.96	559.54
Foreign Exchange Rate Adjustments	1.47	4.26	11.71	-1.32
Net Cash Flow	-359.81	666.06	-11.23	221.21
Free Cash Flow	58.36	-320.59	-273.91	-337.21
Free Cash Flow Margin	5.39%	-30.90%	-35.69%	-73.53%
Free Cash Flow Per Share	0.14	-0.82	-0.74	-0.98
Cash Income Tax Paid	-28.95	-54.43	-18.93	1.61
Levered Free Cash Flow	2.34	-332.42	-376.87	-287.63
Unlevered Free Cash Flow	7	-312.89	-366.23	-285.5
Change in Working Capital	184.31	-349.93	-216.49	-229.13

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