SHA:688783 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
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
Net Income	-706.41	-737.64	-577.97	-411.82	-347.35
Depreciation & Amortization	941.38	941.38	772.01	464.64	242.23
Other Amortization	3.4	3.4	0.63	-	-
Loss (Gain) From Sale of Assets	-0.03	-0.03	-	-	-
Asset Writedown & Restructuring Costs	255.7	255.7	331.84	266.81	98.06
Provision & Write-off of Bad Debts	1.27	1.27	0.22	1.52	0.57
Other Operating Activities	-85.29	148.97	-110.01	-63.94	-168.7
Change in Accounts Receivable	-108.03	-108.03	-107.35	-402.94	-72.1
Change in Inventory	-429.36	-429.36	-654.49	-689.03	-214.57
Change in Accounts Payable	534.71	534.71	215.36	368.65	117.6
Change in Other Net Operating Assets	1.49	1.49	0.16	-	-
Operating Cash Flow	612.45	815.48	319.9	46.74	-224.74
Operating Cash Flow Growth	-	154.91%	584.47%	-	-
Capital Expenditures	-2,073	-2,091	-3,742	-3,539	-2,423
Sale of Property, Plant & Equipment	-	-	0.51	-	-
Cash Acquisitions	-	-	-36.35	-	-
Investment in Securities	-50	-	3.32	-	-
Other Investing Activities	28.11	30.65	-21.62	5.6	-21.13
Investing Cash Flow	-2,095	-2,061	-3,796	-3,534	-2,445
Long-Term Debt Issued	-	3,235	2,652	1,971	-
Long-Term Debt Repaid	-	-607.14	-749.54	-22.89	-
Net Debt Issued (Repaid)	741.12	2,628	1,903	1,949	-
Issuance of Common Stock	-	-	2,300	5,761	4,000
Other Financing Activities	-222.02	-202.26	-4,352	-34.09	-11.4
Financing Cash Flow	519.1	2,425	-149.18	7,675	3,989
Foreign Exchange Rate Adjustments	6.62	3.97	3.03	12.71	-10.65
Miscellaneous Cash Flow Adjustments	0	0	0	-	-
Net Cash Flow	-956.45	1,184	-3,622	4,201	1,309
Free Cash Flow	-1,460	-1,276	-3,422	-3,493	-2,648
Free Cash Flow Margin	-55.73%	-60.15%	-232.17%	-331.14%	-1276.25%
Free Cash Flow Per Share	-0.41	-0.36	-1.01	-	-
Cash Interest Paid	193.55	187.97	110.05	33	-
Cash Income Tax Paid	-	-384.46	-327.29	-471.73	-
Levered Free Cash Flow	-	-1,896	-3,477	-3,472	-
Unlevered Free Cash Flow	-	-1,772	-3,403	-3,450	-
Change in Working Capital	202.43	202.43	-96.82	-210.48	-49.55

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