SHA:688779 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	-355.22	-507.58	-124.47	1,489	700.64	109.79
Depreciation & Amortization	359.54	359.54	263.8	181.21	131.59	115.84
Loss (Gain) From Sale of Assets	-1.23	-1.23	0.7	0.93	0.04	1.2
Asset Writedown & Restructuring Costs	15.66	15.66	1.79	3.95	1.29	0.17
Loss (Gain) From Sale of Investments	-2.02	-2.02	-	-	-10.52	-
Provision & Write-off of Bad Debts	-5.53	-5.53	34.94	8.62	4.75	3.98
Other Operating Activities	1,094	391.31	231.83	97.94	3.22	3.9
Change in Accounts Receivable	892.85	892.85	489.42	-3,610	-1,815	-581.86
Change in Inventory	-561.07	-561.07	1,501	-771.05	-874.2	-299.51
Change in Accounts Payable	-246.63	-246.63	-2,217	2,936	1,234	695.61
Operating Cash Flow	1,118	262.47	106.1	303.09	-632.17	44.62
Operating Cash Flow Growth	-53.73%	147.36%	-64.99%	-	-	-19.96%
Capital Expenditures	-183.34	-338.53	-648.98	-468.03	-958.07	-223.82
Sale of Property, Plant & Equipment	0.56	2.81	0.7	0.52	0.23	0.35
Investment in Securities	-509.75	-500.75	-	-	-	-
Other Investing Activities	-38.65	-14	-	-	-	-
Investing Cash Flow	-731.18	-850.47	-648.28	-467.5	-957.85	-223.47
Long-Term Debt Issued	-	-	68.44	4,268	28.48	-
Total Debt Issued	-	-	68.44	4,268	28.48	-
Short-Term Debt Repaid	-	-	-	-	-	-5
Long-Term Debt Repaid	-	-547.67	-75.43	-370	-13	-
Total Debt Repaid	-	-547.67	-75.43	-370	-13	-5
Net Debt Issued (Repaid)	-	-547.67	-6.99	3,898	15.48	-5
Issuance of Common Stock	-	-	-	-	2,647	-
Common Dividends Paid	-23.25	-23.25	-458.09	-215.04	-	-
Other Financing Activities	-	-	-	-2.03	-1.01	-0.63
Financing Cash Flow	-23.25	-570.92	-465.08	3,681	2,662	-5.63
Foreign Exchange Rate Adjustments	0.19	0.48	0.5	3.8	-0.7	-0.9
Net Cash Flow	363.32	-1,158	-1,007	3,521	1,071	-185.37
Free Cash Flow	934.22	-76.07	-542.88	-164.94	-1,590	-179.2
Free Cash Flow Margin	13.70%	-1.37%	-5.06%	-0.92%	-23.24%	-8.91%
Free Cash Flow Per Share	0.46	-0.04	-0.26	-0.08	-1.00	-0.13
Cash Interest Paid	-	-	-	-	1.01	0.63
Cash Income Tax Paid	68.09	42.97	64.67	242.52	126.43	20.08
Levered Free Cash Flow	695.48	-201.11	-309.61	566.39	-1,665	-109.42
Unlevered Free Cash Flow	782.58	-110.21	-265.75	574.7	-1,664	-109.03
Change in Working Capital	12.34	12.34	-302.49	-1,479	-1,463	-190.25

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