SHA:688768 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	107.52	62.7	116.06	81.24
Depreciation & Amortization	11.24	11.59	10.33	9.47
Other Amortization	1.13	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	0.01
Asset Writedown & Restructuring Costs	0.06	0.01	0.01	-
Loss (Gain) From Sale of Investments	-0.51	-	-0.86	-
Provision & Write-off of Bad Debts	18.71	13.94	15.05	7.07
Other Operating Activities	0.82	0.44	-2.53	-0.74
Change in Accounts Receivable	-115.46	-54.91	-219.7	-93.05
Change in Inventory	9.93	-37.77	-22.4	11.93
Change in Accounts Payable	19.57	-36.69	65.16	16.47
Change in Other Net Operating Assets	19.26	-21.8	16.43	0.43
Operating Cash Flow	71.62	-73.98	-30.06	31.66
Operating Cash Flow Growth	-	-	-	66.85%
Capital Expenditures	-39.13	-49.07	-33	-10.38
Sale of Property, Plant & Equipment	0	0	0	0
Investment in Securities	-	100	-55	-35
Other Investing Activities	0.51	2.91	2.81	0.47
Investing Cash Flow	-38.62	53.85	-85.19	-44.91
Short-Term Debt Issued	69.52	107.06	20	-
Total Debt Issued	69.52	107.06	20	-
Short-Term Debt Repaid	-150.04	-50	-	-
Long-Term Debt Repaid	-0.82	-1.2	-0.82	-0.75
Total Debt Repaid	-150.86	-51.2	-0.82	-0.75
Net Debt Issued (Repaid)	-81.34	55.86	19.18	-0.75
Issuance of Common Stock	157.12	5.69	-	213.12
Common Dividends Paid	-9.63	-30.29	-11.85	-
Other Financing Activities	-1.39	-	-	-16.8
Financing Cash Flow	64.76	31.26	7.33	195.57
Foreign Exchange Rate Adjustments	-0.03	-0.03	0.14	-0.04
Net Cash Flow	97.73	11.1	-107.78	182.27
Free Cash Flow	32.49	-123.04	-63.07	21.28
Free Cash Flow Growth	-	-	-	99.43%
Free Cash Flow Margin	5.57%	-24.71%	-11.53%	5.36%
Free Cash Flow Per Share	0.39	-1.49	-0.77	0.31
Cash Interest Paid	-	-	-	0.7
Cash Income Tax Paid	19.42	21.08	20.29	24.36
Levered Free Cash Flow	-46.44	-101.65	-64.21	4.6
Unlevered Free Cash Flow	-46.03	-101.2	-63.97	5.04
Change in Working Capital	-67.36	-162.66	-168.12	-65.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.