SHA:688788 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	-264.47	-268.17	-203.26	-196.61	178.49	177.06
Depreciation & Amortization	34.19	34.19	62.69	29.22	21.31	9.61
Other Amortization	4.68	4.68	0.03	-	-	-
Loss (Gain) From Sale of Assets	0.25	0.25	0.09	0.36	-	-
Asset Writedown & Restructuring Costs	5.15	5.15	9.38	0.01	-1.22	3.49
Provision & Write-off of Bad Debts	45.3	45.3	-45.03	99.08	24.12	7.28
Other Operating Activities	-116.89	-7.48	61.86	15.21	0.71	6.04
Change in Accounts Receivable	212.26	212.26	-7.7	119.58	-146.61	-6.78
Change in Inventory	-11.95	-11.95	-0.31	-37.01	27.32	-109.73
Change in Accounts Payable	-77.78	-77.78	-1.78	-26.55	-191.31	-29.66
Operating Cash Flow	-176.22	-70.51	-129.08	-12.84	-90.49	55.3
Capital Expenditures	-80.76	-9.37	-23.3	-52.78	-11.43	-22.41
Sale of Property, Plant & Equipment	0.13	0	0	0	-	0
Cash Acquisitions	-	-	-5	-19.84	-	-
Investment in Securities	-516.93	-516.93	10	-	-8.21	-
Investing Cash Flow	-207.69	-526.31	-18.3	-72.61	-19.64	-22.41
Short-Term Debt Issued	-	3.19	7.54	1.7	-	146.22
Total Debt Issued	1.57	3.19	7.54	1.7	-	146.22
Short-Term Debt Repaid	-	-	-	-	-	-236.26
Long-Term Debt Repaid	-	-15.47	-15.86	-6.01	-10.19	-
Total Debt Repaid	-9.64	-15.47	-15.86	-6.01	-10.19	-236.26
Net Debt Issued (Repaid)	-8.07	-12.27	-8.32	-4.31	-10.19	-90.04
Issuance of Common Stock	-	-	-	-	-	1,925
Repurchase of Common Stock	-2.49	-2.49	-34.93	-	-	-
Common Dividends Paid	-	-	-	-75.53	-60.43	-7.4
Other Financing Activities	-27.87	0.43	4.68	0.3	-	-13.45
Financing Cash Flow	-38.43	-14.34	-38.57	-79.54	-70.62	1,814
Net Cash Flow	-422.34	-611.15	-185.95	-165	-180.75	1,847
Free Cash Flow	-256.98	-79.88	-152.39	-65.62	-101.93	32.89
Free Cash Flow Margin	-95.63%	-33.94%	-64.49%	-28.13%	-16.51%	5.02%
Free Cash Flow Per Share	-1.65	-0.51	-0.97	-0.42	-0.65	0.26
Cash Income Tax Paid	11.84	17.41	7.34	-18.03	32.45	45.71
Levered Free Cash Flow	-811.56	31.26	-62.12	-1.59	-139.18	-42.41
Unlevered Free Cash Flow	-810.3	32.35	-61.35	-1.04	-138.44	-36.87
Change in Working Capital	115.57	115.57	-14.85	39.88	-313.91	-148.18

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