SHA:688709 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	74.57	163.56	122.17	311.07	281.22	172.9
Depreciation & Amortization	49.95	49.95	31.21	31.57	27.81	23.13
Other Amortization	0.68	0.68	2.27	1.67	1.55	1.18
Loss (Gain) From Sale of Assets	-	-	-0	-0	-	-
Asset Writedown & Restructuring Costs	24.88	24.88	0.08	0.44	0.06	0
Loss (Gain) From Sale of Investments	-1.7	-1.7	1.91	0.36	-0.06	-0
Provision & Write-off of Bad Debts	-	-	36.98	28.61	14.1	4.84
Other Operating Activities	266.35	98.35	33.4	17.62	21.88	14.13
Change in Accounts Receivable	-386.86	-386.86	-81.31	-283.95	-481.08	-228.59
Change in Inventory	-395.1	-395.1	-155.07	-37.85	-87.82	-67.25
Change in Accounts Payable	87.13	87.13	19.11	-32.28	200.63	10.3
Change in Other Net Operating Assets	20.91	20.91	25.48	25.49	26.69	23.85
Operating Cash Flow	-265.74	-344.75	25.46	53.74	-1.65	-45.95
Operating Cash Flow Growth	-	-	-52.61%	-	-	-
Capital Expenditures	-228.53	-254.03	-208.06	-107.49	-165.25	-154.67
Sale of Property, Plant & Equipment	-	-	0.01	0	0	0
Investment in Securities	-	150	-148.27	-	-158.38	-
Other Investing Activities	-	1.17	-	-	0	0
Investing Cash Flow	-228.53	-102.86	-356.32	-107.49	-323.62	-154.67
Long-Term Debt Issued	-	600	377.6	377.99	434.92	249.5
Long-Term Debt Repaid	-	-285.3	-552.37	-344.09	-118.81	-95
Net Debt Issued (Repaid)	241.1	314.7	-174.77	33.91	316.12	154.5
Issuance of Common Stock	-	-	1,426	-	-	12
Common Dividends Paid	-24.86	-22.92	-79.66	-10.93	-6.5	-2.26
Other Financing Activities	-6.88	-6.12	-	-	-	-2.35
Financing Cash Flow	209.35	285.66	1,172	22.97	309.62	161.9
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-0
Net Cash Flow	-284.92	-161.96	840.93	-30.78	-15.65	-38.72
Free Cash Flow	-494.27	-598.78	-182.6	-53.76	-166.9	-200.62
Free Cash Flow Margin	-69.85%	-78.79%	-30.24%	-5.80%	-19.76%	-37.28%
Free Cash Flow Per Share	-0.81	-0.94	-0.30	-0.10	-0.31	-0.37
Cash Income Tax Paid	91.72	66.67	70.91	113.09	43.19	40.32
Levered Free Cash Flow	-578	-702.05	-355.27	-161.6	-313.94	-207.28
Unlevered Free Cash Flow	-578	-702.05	-349.92	-154.5	-308.8	-205.35
Change in Working Capital	-680.47	-680.47	-202.54	-337.59	-348.22	-262.12

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