SHA:688785 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	114.65	143.15	80.54	26.39
Depreciation & Amortization	23.44	15.33	8.2	4.24
Other Amortization	2.47	2.47	2.86	1.91
Asset Writedown & Restructuring Costs	-	15.36	-	-
Loss (Gain) From Sale of Investments	-2.6	-2.6	-1.84	-1.07
Provision & Write-off of Bad Debts	0.16	-	2.89	0.63
Other Operating Activities	5.36	1.76	1.62	1.99
Change in Accounts Receivable	4.29	4.29	-56.92	-14.29
Change in Inventory	-93.61	-93.61	-29.41	-22.29
Change in Accounts Payable	14.05	14.05	36.34	13.73
Change in Other Net Operating Assets	1.4	1.4	1.49	0.22
Operating Cash Flow	67.51	99.5	45.45	11.25
Operating Cash Flow Growth	-	118.93%	304.11%	-
Capital Expenditures	-48.77	-85.91	-10.24	-11.08
Investment in Securities	-	340	-300	-33.47
Other Investing Activities	-2.53	3.44	1.29	1.07
Investing Cash Flow	-51.3	257.53	-308.95	-43.48
Short-Term Debt Issued	-	-	-	10
Total Debt Issued	-	-	-	10
Short-Term Debt Repaid	-	-	-7.9	-27.1
Total Debt Repaid	-	-	-7.9	-27.1
Net Debt Issued (Repaid)	-	-	-7.9	-17.1
Issuance of Common Stock	-	-	301.6	21.18
Common Dividends Paid	-	-	-0.11	-1.06
Other Financing Activities	-7.54	-6.1	-4.14	-2.12
Financing Cash Flow	-7.54	-6.1	289.45	0.9
Foreign Exchange Rate Adjustments	-0.64	-0.89	0.12	0.22
Net Cash Flow	8.03	350.04	26.07	-31.12
Free Cash Flow	18.74	13.59	35.21	0.17
Free Cash Flow Growth	-	-61.41%	20427.96%	-
Free Cash Flow Margin	3.63%	2.51%	10.83%	0.11%
Free Cash Flow Per Share	0.37	0.27	0.72	-
Cash Income Tax Paid	30.49	48.54	9.61	7.38
Levered Free Cash Flow	-	-15.84	8.29	-
Unlevered Free Cash Flow	-	-15.84	8.52	-
Change in Working Capital	-75.96	-75.96	-48.82	-22.84

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