SHA:688750 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	82.28	151.71	147.24	132.55	95	25.3
Depreciation & Amortization	71	71	63.27	55.27	53.37	53.13
Other Amortization	0.15	0.15	-	0.07	0.02	-
Loss (Gain) From Sale of Assets	0.01	0.01	-0.02	-	0.19	-0
Asset Writedown & Restructuring Costs	0.19	0.19	4.19	0.13	0	1.42
Loss (Gain) From Sale of Investments	-11.49	-11.49	-12.26	-18.39	-3.23	0.61
Provision & Write-off of Bad Debts	12.22	12.22	15.89	2.12	-2.43	6.6
Other Operating Activities	34.18	20.42	1.31	15.46	34.12	44.93
Change in Accounts Receivable	-201.28	-201.28	-61.1	-182.29	-87.32	-93.84
Change in Inventory	25.77	25.77	-33.51	-53.15	-47.13	-34.92
Change in Accounts Payable	9.42	9.42	161.36	71.45	42.36	-8.74
Operating Cash Flow	18.14	73.81	303.62	40.33	96.79	-4.07
Operating Cash Flow Growth	-90.09%	-75.69%	652.85%	-58.33%	-	-
Capital Expenditures	-160.96	-139.44	-123.71	-30.73	-76.38	-5.13
Sale of Property, Plant & Equipment	0.03	0.03	-	-	0.01	0
Investment in Securities	-430	-300	31.55	12.99	-370	-
Other Investing Activities	10.98	36.37	-	-	-	-
Investing Cash Flow	-579.96	-403.04	-92.16	-17.73	-446.37	-5.13
Long-Term Debt Issued	-	49.98	-	-	777.97	806.64
Long-Term Debt Repaid	-	-0.98	-0.83	-250.85	-1,148	-720
Net Debt Issued (Repaid)	-1.98	48.99	-0.83	-250.85	-369.82	86.64
Issuance of Common Stock	662.3	662.3	-	-	494.51	545.19
Common Dividends Paid	-44.05	-7.74	-8.27	-13.86	-17.16	-41.48
Other Financing Activities	-71.52	-57.46	-3.95	-0.6	-5.17	-18.17
Financing Cash Flow	544.75	646.08	-13.04	-265.32	102.35	572.18
Foreign Exchange Rate Adjustments	0	-0	-1.13	1.9	-0.03	0.06
Net Cash Flow	-17.06	316.86	197.3	-240.82	-247.26	563.03
Free Cash Flow	-142.82	-65.63	179.91	9.6	20.41	-9.21
Free Cash Flow Growth	-	-	1773.27%	-52.95%	-	-
Free Cash Flow Margin	-23.21%	-8.12%	22.46%	1.37%	3.56%	-1.99%
Free Cash Flow Per Share	-0.32	-0.17	0.49	0.03	-	-
Cash Income Tax Paid	35.56	66.16	24.82	8.22	5.12	3.55
Levered Free Cash Flow	-139.38	-121.88	56.1	-0.91	-75.13	-
Unlevered Free Cash Flow	-135.61	-116.96	61.33	7.83	-64.35	-
Change in Working Capital	-170.4	-170.4	84.01	-146.89	-80.25	-136.06

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