SHA:688813 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	175.95	204.11	195.39	155.35	98.29	54.98
Depreciation & Amortization	34.25	34.25	33.03	24.77	10.8	5.42
Other Amortization	4.45	4.45	3.13	2.53	0.78	1.49
Loss (Gain) From Sale of Assets	0.51	0.51	-0.12	-0.06	-	-
Asset Writedown & Restructuring Costs	-0.01	-0.01	0.03	16.51	15.66	7.13
Loss (Gain) From Sale of Investments	0.47	0.47	0.31	-0.15	-1.57	-0.41
Provision & Write-off of Bad Debts	41.54	41.54	57.68	63.9	16.91	5.7
Other Operating Activities	74.79	30.48	43.41	5.2	3.25	7.25
Change in Accounts Receivable	-306.24	-306.24	-265.6	-230.38	-209.31	-255.75
Change in Inventory	874.39	874.39	578.08	-993.94	-1,195	-340.89
Change in Accounts Payable	-739.03	-739.03	-1,098	1,180	1,502	782.55
Operating Cash Flow	141.14	125	-470.49	209.8	235.85	270.4
Operating Cash Flow Growth	-	-	-	-11.05%	-12.78%	-
Capital Expenditures	-11.61	-6.9	-62.9	-57.99	-88.72	-7.78
Sale of Property, Plant & Equipment	0.1	0.1	-	0.27	0.01	-
Investment in Securities	-	-	-	30.34	31.57	-59.59
Other Investing Activities	0.07	0.07	0.02	0	-	0
Investing Cash Flow	-11.43	-6.72	-62.89	-27.39	-57.14	-67.37
Long-Term Debt Issued	-	464.47	441.77	57.88	163.26	196.97
Long-Term Debt Repaid	-	-518.39	-48.2	-70.04	-132.4	-233.4
Net Debt Issued (Repaid)	-17.42	-53.92	393.57	-12.15	30.86	-36.43
Issuance of Common Stock	-	-	-	-	-	48
Common Dividends Paid	-9.93	-10.21	-7.6	-64.66	-6.13	-18.74
Other Financing Activities	1,005	22.62	-0.6	-11.5	-27.05	-18.86
Financing Cash Flow	978.11	-41.51	385.37	-88.31	-2.32	-26.03
Foreign Exchange Rate Adjustments	-0.13	-0.03	0.3	-0.04	0.03	-0.02
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-	-
Net Cash Flow	1,108	76.73	-147.71	94.06	176.41	176.99
Free Cash Flow	129.53	118.1	-533.39	151.8	147.13	262.63
Free Cash Flow Growth	-	-	-	3.18%	-43.98%	-
Free Cash Flow Margin	5.93%	4.93%	-24.31%	9.09%	14.65%	50.56%
Free Cash Flow Per Share	1.08	0.98	-4.45	1.26	1.23	-
Cash Income Tax Paid	68.56	88.95	84.47	79.95	-27.75	7.48
Levered Free Cash Flow	-	142.84	-702.91	145.97	212.14	-
Unlevered Free Cash Flow	-	150.22	-696.92	149.22	214.17	-
Change in Working Capital	-190.82	-190.82	-803.35	-58.25	91.73	188.83