SHA:688790 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
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
Net Income	-136.82	-119.09	-64.71	-450.13	-289.89
Depreciation & Amortization	59.1	59.1	62.61	52.7	41.21
Other Amortization	12.68	12.68	14.05	42.14	32.11
Loss (Gain) From Sale of Assets	0.27	0.27	-2.32	-0.01	-
Asset Writedown & Restructuring Costs	0.03	0.03	0.07	64.28	174.51
Loss (Gain) From Sale of Investments	-2.22	-2.22	-4.06	-5.23	-3.39
Stock-Based Compensation	-	-	-	243.28	52.51
Provision & Write-off of Bad Debts	0.05	0.05	-0.04	0.94	0.31
Other Operating Activities	76	84.69	49.32	2.12	-18.09
Change in Accounts Receivable	-29.41	-29.41	74.32	-117.58	204.72
Change in Inventory	93.7	93.7	-299.83	-133.01	16.44
Change in Accounts Payable	23.19	23.19	-16.12	233.42	-249.9
Operating Cash Flow	96.56	122.98	-186.72	-67.09	-39.46
Capital Expenditures	-18.55	-16.23	-60.73	-73.61	-169.2
Sale of Property, Plant & Equipment	0.24	0.24	0.01	0.01	0
Investment in Securities	-160.88	-3.88	177	-65	-222
Other Investing Activities	2.9	2.11	4.92	5.85	3.59
Investing Cash Flow	-176.28	-17.76	121.2	-132.76	-387.6
Long-Term Debt Issued	-	363.45	382.77	215.46	20
Long-Term Debt Repaid	-	-358.07	-284	-62.46	-33
Net Debt Issued (Repaid)	-242.27	5.38	98.77	153	-13
Issuance of Common Stock	1,955	1,955	-	-	-
Common Dividends Paid	-6.62	-7.87	-6.47	-3.18	-1.11
Other Financing Activities	-37.24	-26.49	-12.28	-19.05	-17.64
Financing Cash Flow	1,668	1,926	80.02	130.77	-31.75
Foreign Exchange Rate Adjustments	-5.29	-1.95	-1.55	3.52	21.43
Net Cash Flow	1,583	2,029	12.94	-65.56	-437.39
Free Cash Flow	78.02	106.75	-247.45	-140.71	-208.65
Free Cash Flow Margin	4.07%	5.67%	-11.78%	-8.30%	-22.61%
Free Cash Flow Per Share	0.94	1.39	-3.33	-1.89	-2.79
Cash Income Tax Paid	-	-75.95	-122.52	-51.5	-169.98
Levered Free Cash Flow	-	64.06	-240.99	-28.75	-
Unlevered Free Cash Flow	-	68.96	-236.89	-26.7	-
Change in Working Capital	87.48	87.48	-241.64	-17.16	-28.74

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