SHA:688778 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	494.07	527.45	1,121	578.61
Depreciation & Amortization	386.92	365.6	305.76	243.73
Other Amortization	6.39	2.97	-	-
Loss (Gain) From Sale of Assets	-	-	-0	-
Asset Writedown & Restructuring Costs	5.88	5.9	5.13	6.37
Loss (Gain) From Sale of Investments	10.66	-11.27	-5.5	-11.21
Provision & Write-off of Bad Debts	-60.49	-76.66	102.44	91.26
Other Operating Activities	235.31	287.02	279.25	211.37
Change in Accounts Receivable	385.69	2,159	-3,094	-2,231
Change in Inventory	-705.95	1,209	-628.61	-1,691
Change in Accounts Payable	1,023	-1,873	372.07	3,189
Change in Other Net Operating Assets	5.79	0.8	-	-
Operating Cash Flow	1,753	2,580	-1,561	360.54
Operating Cash Flow Growth	-32.05%	-	-	-9.16%
Capital Expenditures	-965.81	-1,145	-650.66	-558.49
Sale of Property, Plant & Equipment	-	-	0	-
Investment in Securities	-18.97	-343.93	-346.75	-185.22
Other Investing Activities	12.6	4.62	2.48	-
Investing Cash Flow	-972.18	-1,485	-994.93	-743.71
Long-Term Debt Issued	990.02	872.8	2,333	1,770
Short-Term Debt Repaid	-	-	-	-126
Long-Term Debt Repaid	-1,044	-1,711	-2,417	-2,529
Total Debt Repaid	-1,044	-1,711	-2,417	-2,655
Net Debt Issued (Repaid)	-54.38	-837.82	-84.24	-884.46
Issuance of Common Stock	-	-	3,495	1,464
Repurchase of Common Stock	-35.69	-	-	-
Common Dividends Paid	-326.43	-198.16	-186.42	-77.02
Other Financing Activities	75.66	105	-89.12	31.41
Financing Cash Flow	-340.83	-930.98	3,135	533.77
Foreign Exchange Rate Adjustments	-4.73	18.39	8.94	-0.76
Net Cash Flow	435.49	183.06	588	149.85
Free Cash Flow	787.43	1,435	-2,212	-197.94
Free Cash Flow Growth	-45.13%	-	-	-
Free Cash Flow Margin	5.92%	8.29%	-7.69%	-1.24%
Free Cash Flow Per Share	1.57	2.83	-4.92	-0.56
Cash Income Tax Paid	102.41	345.2	93.48	128.58
Levered Free Cash Flow	509.67	-329.56	-2,509	-452.41
Unlevered Free Cash Flow	526.2	-301.48	-2,471	-404.89
Change in Working Capital	674.49	1,479	-3,369	-759.58

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