SHA:688739 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	131.79	342.82	465.92	714.02	892.49
Depreciation & Amortization	178.52	169.7	125.27	121.22	116.1
Other Amortization	4.14	6.3	3.71	2.22	1.32
Loss (Gain) From Sale of Assets	0	-0.09	-2.48	-0.04	-0.01
Asset Writedown & Restructuring Costs	69.43	1.8	0.87	0.83	0.71
Loss (Gain) From Sale of Investments	-15.93	60.02	20.27	-27.25	-14.2
Provision & Write-off of Bad Debts	-	8.66	12.77	15.08	16.44
Other Operating Activities	8.36	33.21	55.43	7.98	8.11
Change in Accounts Receivable	18.39	-18.02	13.82	-156.41	-436.49
Change in Inventory	-52.76	-73.27	0.42	-104.11	-109.74
Change in Accounts Payable	-2.71	-27.59	-11.84	-17.55	45.15
Change in Other Net Operating Assets	0.13	0.06	0.06	0.08	0.1
Operating Cash Flow	340.86	500.96	677.01	546.49	506.38
Operating Cash Flow Growth	-31.96%	-26.00%	23.88%	7.92%	-41.09%
Capital Expenditures	-308.08	-362.48	-551.99	-511.61	-508.35
Sale of Property, Plant & Equipment	0	10.98	0.02	0.15	0.02
Cash Acquisitions	-	-0.06	-0.06	-0.08	-0.09
Investment in Securities	154.4	156.81	-883.2	3,327	-2,598
Other Investing Activities	26.81	31.92	32.95	75.04	40.72
Investing Cash Flow	-126.88	-162.83	-1,402	2,890	-3,066
Long-Term Debt Repaid	-	-5.85	-6.38	-5.41	-5.63
Net Debt Issued (Repaid)	-	-5.85	-6.38	-5.41	-5.63
Issuance of Common Stock	-	-	-	-	4,371
Repurchase of Common Stock	-	-50	-99.99	-	-
Common Dividends Paid	-329.23	-329.38	-416.32	-416.3	-
Dividends Paid	-329.23	-329.38	-416.32	-416.3	-
Other Financing Activities	-17.3	-	-	-	-18.95
Financing Cash Flow	-346.53	-385.23	-522.69	-421.7	4,347
Foreign Exchange Rate Adjustments	0.69	0.55	2.29	1.58	-0.36
Net Cash Flow	-131.86	-46.55	-1,246	3,017	1,787
Free Cash Flow	32.78	138.48	125.02	34.89	-1.97
Free Cash Flow Growth	-76.33%	10.76%	258.36%	-	-
Free Cash Flow Margin	2.36%	8.26%	7.14%	1.92%	-0.09%
Free Cash Flow Per Share	0.08	0.34	0.30	0.08	-0.01
Cash Income Tax Paid	94.29	177.45	182.09	211.18	198.48
Levered Free Cash Flow	-82.53	52.09	46.39	-182.35	-228.08
Unlevered Free Cash Flow	-82.53	53.08	47.28	-181.53	-227.12
Change in Working Capital	-35.44	-121.46	-4.75	-287.57	-514.57

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