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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	85.27	82.9	70.29	79.88	98.8	88.68
Depreciation & Amortization	37.07	37.07	35.82	19.83	15.2	16.5
Other Amortization	0.16	0.16	0.22	0.07	0.05	0.14
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0.16	-0.18	-0.89	-0.46
Asset Writedown & Restructuring Costs	3.74	3.74	1.03	1.01	0.46	0.99
Loss (Gain) From Sale of Investments	-0.48	-0.48	1.39	-1.16	-3.92	-1.55
Provision & Write-off of Bad Debts	-	-	0.42	0.3	-1.34	-0.44
Other Operating Activities	-17.61	2.37	7.98	4.27	-0.09	6.36
Change in Accounts Receivable	-57.71	-57.71	-31.96	23.97	38.22	-18.89
Change in Inventory	6.81	6.81	-7.4	-15.05	-13.66	-27.92
Change in Accounts Payable	85.56	85.56	11.11	-59.61	27.71	31.27
Change in Other Net Operating Assets	6.99	6.99	-2.77	1.21	4.44	-
Operating Cash Flow	147.16	164.77	85.1	53.84	168.13	94.16
Operating Cash Flow Growth	35.10%	93.62%	58.07%	-67.98%	78.55%	-
Capital Expenditures	-107.16	-106.69	-118.3	-132.7	-115.16	-53.62
Sale of Property, Plant & Equipment	0.03	0.02	0.41	1.57	9.43	8.39
Divestitures	-	-	-	-0.3	-	-
Investment in Securities	-8.43	10	-7.3	-11.26	88.01	-89.97
Other Investing Activities	0.63	0.53	0.41	1.87	4.56	0.83
Investing Cash Flow	-114.94	-96.15	-124.78	-140.82	-13.17	-134.36
Long-Term Debt Issued	-	83.45	60.16	40.81	10	27
Long-Term Debt Repaid	-	-36	-54.6	-20.76	-0.4	-0.45
Net Debt Issued (Repaid)	48.03	47.45	5.56	20.06	9.6	26.55
Issuance of Common Stock	-	-	-	5.39	-	251.2
Common Dividends Paid	-34.02	-33.68	-53.8	-53.71	-51.48	-0.9
Other Financing Activities	7.67	2.02	-	-5.02	-43.2	-35.01
Financing Cash Flow	21.69	15.79	-48.24	-33.28	-85.08	241.84
Foreign Exchange Rate Adjustments	-1.15	-0.01	1.42	1.52	2.3	-0.97
Net Cash Flow	52.77	84.41	-86.5	-118.74	72.18	200.68
Free Cash Flow	40	58.08	-33.2	-78.86	52.97	40.54
Free Cash Flow Growth	1124.81%	-	-	-	30.65%	-
Free Cash Flow Margin	8.84%	13.28%	-7.95%	-21.40%	12.39%	10.06%
Free Cash Flow Per Share	0.28	0.41	-0.23	-0.55	0.37	0.34
Cash Income Tax Paid	52.89	49.11	36.41	31.7	18.33	25.32
Levered Free Cash Flow	-1.2	31.77	-53.9	-135.89	47.49	6.54
Unlevered Free Cash Flow	-1.2	31.77	-53.9	-135.89	47.73	7.14
Change in Working Capital	39.01	39.01	-31.88	-50.19	59.87	-16.06

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