SHA:688798 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	317.01	254.88	51.01	-53.38	288.35
Depreciation & Amortization	116.84	106.58	112.71	85.34	52.75
Other Amortization	14.93	28.89	21.16	18.5	13.17
Loss (Gain) From Sale of Assets	-	0.01	-0.38	-0.08	-
Asset Writedown & Restructuring Costs	1.26	0.08	0.06	0	-0.72
Loss (Gain) From Sale of Investments	-63.75	-81.51	-130.16	-41.59	-13.5
Provision & Write-off of Bad Debts	-	0.62	1.8	-0.4	0.9
Other Operating Activities	18.94	37.92	49.72	98.55	17.65
Change in Accounts Receivable	-73.51	25.88	-45.61	-13.19	-39.89
Change in Inventory	-71.94	50.94	170.39	-475.21	-113.7
Change in Accounts Payable	126.57	-18.44	210.33	-53.01	52.05
Change in Other Net Operating Assets	19.59	13.37	25.19	78.11	33.31
Operating Cash Flow	390.71	402.48	428.8	-386.98	286.48
Operating Cash Flow Growth	-2.92%	-6.14%	-	-	43.29%
Capital Expenditures	-175.21	-529.12	-235.61	-408.68	-353.36
Sale of Property, Plant & Equipment	-	0.14	-	0	-
Investment in Securities	-76.42	-239.57	-633.65	191.92	-1,136
Other Investing Activities	68.76	86.71	131.19	52.22	13.36
Investing Cash Flow	-182.87	-681.84	-738.07	-164.53	-1,476
Long-Term Debt Issued	250	340.17	638.37	712.96	403.61
Long-Term Debt Repaid	-478.01	-457.53	-640.36	-207.07	-476.07
Net Debt Issued (Repaid)	-228.01	-117.36	-1.99	505.89	-72.47
Issuance of Common Stock	17.26	56.25	-	-	3,201
Repurchase of Common Stock	-	-	-5.35	-94.7	-
Common Dividends Paid	-87.46	-27.29	-19.43	-143.35	-7.13
Dividends Paid	-87.46	-27.29	-19.43	-143.35	-7.13
Other Financing Activities	-16.43	0.52	-	-	-172.31
Financing Cash Flow	-314.63	-87.88	-26.77	267.84	2,949
Foreign Exchange Rate Adjustments	-2.6	11.37	8.14	2.55	-4.88
Net Cash Flow	-109.39	-355.87	-327.91	-281.12	1,755
Free Cash Flow	215.5	-126.63	193.19	-795.66	-66.87
Free Cash Flow Margin	7.55%	-4.32%	7.63%	-38.08%	-2.87%
Free Cash Flow Per Share	0.93	-0.55	0.83	-3.41	-0.35
Cash Income Tax Paid	4.91	-24.39	-8.04	-4.92	53.11
Levered Free Cash Flow	12.71	-235.1	147.12	-818.52	-216.68
Unlevered Free Cash Flow	12.71	-225.65	159.96	-811.12	-211.64
Change in Working Capital	-14.51	55.02	322.87	-493.92	-72.12

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.