SHA:688702 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	-151.78	-149.94	-68.26	-19.53	-29.42	-3.46
Depreciation & Amortization	33.95	33.95	44.32	70.05	70.46	34.27
Other Amortization	3.04	3.04	7.77	4.46	4.28	2.38
Asset Writedown & Restructuring Costs	15.2	15.2	0.07	0.07	0.5	0.12
Loss (Gain) From Sale of Investments	-3.48	-3.48	-9.33	-0.69	-	-0.21
Provision & Write-off of Bad Debts	-	-	4.32	-2.53	2.62	0.08
Other Operating Activities	-211.49	1.16	11.02	34.82	57.19	4.49
Change in Accounts Receivable	-156.5	-156.5	212.57	-147.58	-51.77	-190.76
Change in Inventory	344.64	344.64	-19.68	-434.94	-139.38	-79.19
Change in Accounts Payable	98.99	98.99	-8.58	232.6	-25.34	40.82
Operating Cash Flow	-27.43	187.05	174.21	-263.27	-110.86	-191.46
Operating Cash Flow Growth	-	7.37%	-	-	-	-
Capital Expenditures	-161.57	-112.99	-115.85	-57.32	-163.05	-145.75
Sale of Property, Plant & Equipment	-	-	-	0	0	-
Investment in Securities	-157.43	-181	-42.6	-600	-	-
Other Investing Activities	6.62	6.01	9.3	-	-	0.21
Investing Cash Flow	-312.38	-287.98	-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	-0.52	-0.4	-0.09	-21.42	-4.27	-
Financing Cash Flow	-0.52	-0.4	-386.33	1,582	250.96	559.54
Foreign Exchange Rate Adjustments	-1.37	0.49	1.47	4.26	11.71	-1.32
Net Cash Flow	-341.71	-100.83	-359.81	666.06	-11.23	221.21
Free Cash Flow	-189	74.06	58.36	-320.59	-273.91	-337.21
Free Cash Flow Growth	-	26.92%	-	-	-	-
Free Cash Flow Margin	-16.07%	6.44%	5.39%	-30.90%	-35.69%	-73.53%
Free Cash Flow Per Share	-0.45	0.18	0.14	-0.82	-0.74	-0.98
Cash Income Tax Paid	40.72	32.66	-28.95	-54.43	-18.93	1.61
Levered Free Cash Flow	-283.82	4.46	2.34	-332.42	-376.87	-287.63
Unlevered Free Cash Flow	-283.82	4.46	7	-312.89	-366.23	-285.5
Change in Working Capital	287.13	287.13	184.31	-349.93	-216.49	-229.13

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