SHA:688800 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	175.27	136.81	252.69	113.86
Depreciation & Amortization	86.41	55.53	33.47	25.91
Other Amortization	5.74	1.95	0.65	0.23
Loss (Gain) From Sale of Assets	-0.02	-0.27	-0.18	-0.49
Asset Writedown & Restructuring Costs	0.04	0.65	0.04	4.53
Loss (Gain) From Sale of Investments	-2.79	-9.56	-5.02	5.04
Provision & Write-off of Bad Debts	18.98	10.56	19.56	-3.7
Other Operating Activities	30.11	17.37	2.68	-0.9
Change in Accounts Receivable	-422.92	10.15	-496.97	-140.7
Change in Inventory	-226.71	-49.63	-115.42	-137.82
Change in Accounts Payable	395.52	3.9	424.32	169
Operating Cash Flow	57.16	164.17	107.91	38.55
Operating Cash Flow Growth	-65.18%	52.14%	179.91%	-65.87%
Capital Expenditures	-291.37	-484.76	-229.02	-62.76
Sale of Property, Plant & Equipment	0.02	2.47	1.22	4.05
Cash Acquisitions	-	2.94	-	-
Investment in Securities	-	-20.21	0.64	-12
Other Investing Activities	17.03	19.11	10.8	6.12
Investing Cash Flow	-274.33	-480.46	-216.36	-64.59
Long-Term Debt Issued	672.74	391.29	80	-
Total Debt Issued	672.74	391.29	80	-
Short-Term Debt Repaid	-	-	-	-60
Long-Term Debt Repaid	-375.72	-105.57	-3.45	-1.02
Total Debt Repaid	-375.72	-105.57	-3.45	-61.02
Net Debt Issued (Repaid)	297.03	285.71	76.55	-61.02
Issuance of Common Stock	-	-	672.5	367.8
Repurchase of Common Stock	-	-36.99	-	-
Common Dividends Paid	-30.99	-63.69	-36.22	-2.06
Dividends Paid	-30.99	-63.69	-36.22	-2.06
Other Financing Activities	0.06	0.01	-14.41	-13.61
Financing Cash Flow	266.09	185.04	698.42	291.12
Foreign Exchange Rate Adjustments	-0.35	13.56	3.77	-0.46
Net Cash Flow	48.57	-117.68	593.74	264.62
Free Cash Flow	-234.21	-320.59	-121.11	-24.21
Free Cash Flow Margin	-9.70%	-20.62%	-7.45%	-2.69%
Free Cash Flow Per Share	-1.14	-1.55	-0.61	-0.14
Cash Income Tax Paid	34.19	43.06	40.89	21.03
Levered Free Cash Flow	-265.1	-374.51	-177.1	-50.47
Unlevered Free Cash Flow	-252.77	-368.65	-176.01	-49.24
Change in Working Capital	-256.58	-48.86	-195.98	-105.93

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