SHA:688726 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	806.8	729.32	410.81	118.22	-57.11
Depreciation & Amortization	53.14	53.14	38.99	19.96	4.64
Other Amortization	14.89	14.89	6.08	2.39	0.05
Loss (Gain) From Sale of Assets	0.2	0.2	-2.18	-	-
Asset Writedown & Restructuring Costs	0.12	0.12	0.22	0.14	-
Loss (Gain) From Sale of Investments	-39.68	-39.68	-14.9	-6.42	-2.01
Provision & Write-off of Bad Debts	175.49	175.49	51.54	25.31	2.24
Other Operating Activities	157.36	150.53	68.94	37.83	12.5
Change in Accounts Receivable	-123.56	-123.56	-1,329	-598.24	-361.22
Change in Inventory	1,581	1,581	-4,008	-1,757	-304.21
Change in Accounts Payable	-2,513	-2,513	5,969	1,968	563.11
Change in Other Net Operating Assets	71.36	71.36	55.76	13.9	1.11
Operating Cash Flow	163.85	79.54	1,188	-177.95	-159.75
Operating Cash Flow Growth	-	-93.31%	-	-	-
Capital Expenditures	-46.09	-79.85	-272.2	-41.28	-53.94
Sale of Property, Plant & Equipment	0.14	0.18	0.01	-	-
Investment in Securities	-823.87	-593.16	-988.11	-333.9	-100
Other Investing Activities	-26.48	23.41	8.01	-8.86	-1.92
Investing Cash Flow	-896.31	-649.42	-1,252	-384.05	-155.86
Long-Term Debt Issued	-	220	219.66	-	41
Long-Term Debt Repaid	-	-181.34	-21.38	-15	-76.1
Net Debt Issued (Repaid)	-60.94	38.66	198.28	-15	-35.1
Issuance of Common Stock	658.75	658.75	-	1,171	401.81
Common Dividends Paid	-6.15	-6.35	-1.73	-0.58	-3.49
Other Financing Activities	77.38	86.76	49.35	-13.27	14.39
Financing Cash Flow	669.04	777.82	245.9	1,142	377.61
Foreign Exchange Rate Adjustments	-1.84	-0.76	3.36	-0.63	-0.34
Miscellaneous Cash Flow Adjustments	-	-	-	0	0
Net Cash Flow	-65.27	207.17	185.37	579.45	61.66
Free Cash Flow	117.75	-0.31	916.21	-219.24	-213.69
Free Cash Flow Margin	1.93%	-0.01%	30.89%	-17.32%	-206.30%
Free Cash Flow Per Share	0.31	-0.00	2.52	-0.61	-
Cash Income Tax Paid	109.1	103.25	105.22	60.08	1.28
Levered Free Cash Flow	-	-178.4	265.92	445.68	-
Unlevered Free Cash Flow	-	-172.99	268.29	448.53	-
Change in Net Working Capital	-	719.25	-202.11	-382.57	-

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