SHA:688786 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	75.39	70.29	79.88	98.8	88.68	51.83
Depreciation & Amortization	35.82	35.82	19.83	15.2	16.5	11.8
Other Amortization	0.22	0.22	0.07	0.05	0.14	-
Loss (Gain) From Sale of Assets	-0.16	-0.16	-0.18	-0.89	-0.46	-
Asset Writedown & Restructuring Costs	1.03	1.03	1.01	0.46	0.99	0.2
Loss (Gain) From Sale of Investments	1.39	1.39	-1.16	-3.92	-1.55	-0.48
Provision & Write-off of Bad Debts	0.42	0.42	0.3	-1.34	-0.44	1.17
Other Operating Activities	73.31	7.98	4.27	-0.09	6.36	1.99
Change in Accounts Receivable	-31.96	-31.96	23.97	38.22	-18.89	-79.03
Change in Inventory	-7.4	-7.4	-15.05	-13.66	-27.92	-22.54
Change in Accounts Payable	11.11	11.11	-59.61	27.71	31.27	19.11
Change in Other Net Operating Assets	-2.77	-2.77	1.21	4.44	-	-2.16
Operating Cash Flow	155.53	85.1	53.84	168.13	94.16	-17.68
Operating Cash Flow Growth	121.88%	58.07%	-67.98%	78.55%	-	-
Capital Expenditures	-111.69	-118.3	-132.7	-115.16	-53.62	-39.23
Sale of Property, Plant & Equipment	0.29	0.41	1.57	9.43	8.39	-
Divestitures	-	-	-0.3	-	-	0.08
Investment in Securities	-4.99	-7.3	-11.26	88.01	-89.97	12.83
Other Investing Activities	0.43	0.41	1.87	4.56	0.83	0.53
Investing Cash Flow	-115.96	-124.78	-140.82	-13.17	-134.36	-25.8
Long-Term Debt Issued	-	60.16	40.81	10	27	57.99
Long-Term Debt Repaid	-	-54.6	-20.76	-0.4	-0.45	-14
Net Debt Issued (Repaid)	81.69	5.56	20.06	9.6	26.55	43.99
Issuance of Common Stock	-	-	5.39	-	251.2	-
Common Dividends Paid	-33.31	-53.8	-53.71	-51.48	-0.9	-0.43
Other Financing Activities	-17.84	-	-5.02	-43.2	-35.01	-4.28
Financing Cash Flow	30.54	-48.24	-33.28	-85.08	241.84	39.28
Foreign Exchange Rate Adjustments	1.06	1.42	1.52	2.3	-0.97	-0.52
Net Cash Flow	71.17	-86.5	-118.74	72.18	200.68	-4.7
Free Cash Flow	43.84	-33.2	-78.86	52.97	40.54	-56.91
Free Cash Flow Growth	-	-	-	30.65%	-	-
Free Cash Flow Margin	10.25%	-7.95%	-21.40%	12.39%	10.06%	-22.20%
Free Cash Flow Per Share	0.31	-0.23	-0.55	0.37	0.34	-0.53
Cash Income Tax Paid	43.49	36.41	31.7	18.33	25.32	16.46
Levered Free Cash Flow	22.34	-53.9	-135.89	47.49	6.54	-38.5
Unlevered Free Cash Flow	23.03	-53.9	-135.89	47.73	7.14	-38.42
Change in Working Capital	-31.88	-31.88	-50.19	59.87	-16.06	-84.19

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.