SHA:688788 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-297.83	-268.17	-203.26	-196.61	178.49
Depreciation & Amortization	39.86	34.19	62.69	29.22	21.31
Other Amortization	10.77	4.68	0.03	-	-
Loss (Gain) From Sale of Assets	-2.01	0.25	0.09	0.36	-
Asset Writedown & Restructuring Costs	40.38	5.15	9.38	0.01	-1.22
Provision & Write-off of Bad Debts	-	45.3	-45.03	99.08	24.12
Other Operating Activities	13.17	-7.48	61.86	15.21	0.71
Change in Accounts Receivable	-38.95	212.26	-7.7	119.58	-146.61
Change in Inventory	-2.44	-11.95	-0.31	-37.01	27.32
Change in Accounts Payable	21.81	-77.78	-1.78	-26.55	-191.31
Operating Cash Flow	-211.3	-70.51	-129.08	-12.84	-90.49
Capital Expenditures	-87.73	-9.37	-23.3	-52.78	-11.43
Sale of Property, Plant & Equipment	-	0	0	0	-
Cash Acquisitions	-	-	-5	-19.84	-
Investment in Securities	-	-516.93	10	-	-8.21
Other Investing Activities	-149.95	-	-	-	-
Investing Cash Flow	-237.68	-526.31	-18.3	-72.61	-19.64
Short-Term Debt Issued	-	3.19	7.54	1.7	-
Long-Term Debt Issued	7.02	-	-	-	-
Total Debt Issued	7.02	3.19	7.54	1.7	-
Long-Term Debt Repaid	-	-15.47	-15.86	-6.01	-10.19
Total Debt Repaid	-	-15.47	-15.86	-6.01	-10.19
Net Debt Issued (Repaid)	7.02	-12.27	-8.32	-4.31	-10.19
Repurchase of Common Stock	-	-2.49	-34.93	-	-
Common Dividends Paid	-	-	-	-75.53	-60.43
Other Financing Activities	-41.31	0.43	4.68	0.3	-
Financing Cash Flow	-34.28	-14.34	-38.57	-79.54	-70.62
Net Cash Flow	-483.27	-611.15	-185.95	-165	-180.75
Free Cash Flow	-299.04	-79.88	-152.39	-65.62	-101.93
Free Cash Flow Margin	-104.85%	-33.94%	-64.49%	-28.13%	-16.51%
Free Cash Flow Per Share	-1.92	-0.51	-0.97	-0.42	-0.65
Cash Income Tax Paid	11.61	17.41	7.34	-18.03	32.45
Levered Free Cash Flow	-825.7	31.26	-62.12	-1.59	-139.18
Unlevered Free Cash Flow	-825.7	32.35	-61.35	-1.04	-138.44
Change in Working Capital	-15.63	115.57	-14.85	39.88	-313.91

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