SHA:688799 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	213.76	228.1	164.32	211.32	182.8	160.76
Depreciation & Amortization	71.05	71.05	68.9	61.02	48.79	34.22
Other Amortization	5.78	5.78	3.21	1.3	0.53	0.06
Loss (Gain) From Sale of Assets	0	0	-	-0	-	0.18
Asset Writedown & Restructuring Costs	8.86	8.86	0.03	0.48	0.89	0.21
Loss (Gain) From Sale of Investments	-84.46	-84.46	24.16	-3.58	-7.98	-1.71
Provision & Write-off of Bad Debts	-	-	0.31	1.47	2.23	1.31
Other Operating Activities	48.38	2.51	-30.16	-19.19	-5.34	3.08
Change in Accounts Receivable	-56.44	-56.44	-118.65	-51.33	11.32	-31.56
Change in Inventory	11.07	11.07	-55.23	-31	-43.25	-115.58
Change in Accounts Payable	60.41	60.41	106.39	50.84	-34.77	66.49
Change in Other Net Operating Assets	51.96	51.96	-	-	-	-
Operating Cash Flow	331.74	300.2	142.23	214.44	155.65	114.72
Operating Cash Flow Growth	164.75%	111.07%	-33.68%	37.78%	35.67%	9.62%
Capital Expenditures	-609.76	-520.32	-233.87	-105.76	-131.85	-92.1
Sale of Property, Plant & Equipment	0.07	0.07	0.02	0.05	0.12	0.13
Cash Acquisitions	-	-	-	-	0.07	-
Divestitures	5.97	5.97	-	-	-	-
Investment in Securities	-149.23	-106.47	-125.21	134.47	-111.7	-429.6
Other Investing Activities	9.8	11.57	0.24	10.37	12.74	4.26
Investing Cash Flow	-743.15	-609.17	-358.82	39.12	-230.62	-517.3
Long-Term Debt Issued	-	384	100.61	17.11	-	-
Total Debt Issued	537.86	384	100.61	17.11	-	-
Net Debt Issued (Repaid)	537.86	384	100.61	17.11	-	-
Issuance of Common Stock	14.97	14.97	-	-	-	674.02
Common Dividends Paid	-66.11	-62.96	-86.35	-84.44	-65.66	-
Other Financing Activities	-9.97	-	-	9.87	-10.71	-18.36
Financing Cash Flow	476.75	336.01	14.26	-57.47	-76.37	655.65
Foreign Exchange Rate Adjustments	-1.59	-0.99	0.42	0.01	0.53	-0.03
Net Cash Flow	63.75	26.04	-201.91	196.11	-150.82	253.04
Free Cash Flow	-278.02	-220.12	-91.65	108.68	23.8	22.63
Free Cash Flow Growth	-	-	-	356.70%	5.18%	-55.56%
Free Cash Flow Margin	-18.63%	-14.63%	-6.49%	7.58%	1.84%	1.97%
Free Cash Flow Per Share	-2.06	-1.64	-0.70	0.83	0.18	0.20
Cash Income Tax Paid	154.8	142.82	198.54	192.83	152.18	132.83
Levered Free Cash Flow	-213.18	-531.53	-166.29	69.89	-40.72	-33.38
Unlevered Free Cash Flow	-213.18	-531.53	-166.28	69.89	-40.72	-33.38
Change in Working Capital	68.36	68.36	-88.55	-38.36	-66.28	-83.39

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.