SHE:000059 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-1,377	-1,763	-2,795	70.3	529.2	942.44
Depreciation & Amortization	1,203	1,203	1,145	1,549	1,578	1,480
Other Amortization	121.49	121.49	104.99	103.11	101.83	101.78
Loss (Gain) From Sale of Assets	-0.69	-0.69	-	-0.17	-0.37	-
Asset Writedown & Restructuring Costs	42.6	42.6	12.38	-1.22	22.77	144.73
Loss (Gain) From Sale of Investments	-6.06	-6.06	-3.61	-4.76	-4.5	-43.07
Provision & Write-off of Bad Debts	0	0	-0.2	-0	0	-2.36
Other Operating Activities	4,390	646.85	472.91	521.5	657.94	754.72
Change in Accounts Receivable	8.41	8.41	2,750	-491.21	99.99	-1,215
Change in Inventory	-524.42	-524.42	576.95	-911.32	-865.69	-1,902
Change in Accounts Payable	-2,325	-2,325	-1,795	127.48	-365.13	2,695
Change in Other Net Operating Assets	-	-	6.28	-	-	-
Operating Cash Flow	1,562	-2,567	459.66	970.24	1,754	2,945
Operating Cash Flow Growth	-	-	-52.63%	-44.69%	-40.43%	4.63%
Capital Expenditures	-407.84	-513.64	-977.13	-317.91	-205.21	-670.15
Sale of Property, Plant & Equipment	-	-	-	5.31	1.56	122.83
Investment in Securities	-169.72	-169.72	-215.75	-43.95	-	-
Other Investing Activities	-5.98	-	-	5.2	12.48	10.4
Investing Cash Flow	-583.54	-683.36	-1,193	-351.35	-191.17	-506.14
Long-Term Debt Issued	-	7,139	2,550	7,670	4,530	6,070
Long-Term Debt Repaid	-	-6,889	-2,876	-8,383	-5,036	-6,223
Net Debt Issued (Repaid)	-798.95	249.82	-326.08	-713	-505.82	-153.4
Common Dividends Paid	-336.41	-298.88	-295.17	-514.62	-694.39	-585.33
Other Financing Activities	44.58	-8.6	2.5	-1.39	-77.89	-0.03
Financing Cash Flow	-1,091	-57.67	-618.75	-1,229	-1,278	-738.76
Foreign Exchange Rate Adjustments	-	-	-	-0.83	0.02	0.82
Net Cash Flow	-112.24	-3,308	-1,352	-610.95	284.98	1,701
Free Cash Flow	1,154	-3,081	-517.47	652.33	1,549	2,275
Free Cash Flow Growth	-	-	-	-57.89%	-31.90%	-8.58%
Free Cash Flow Margin	2.82%	-7.38%	-1.50%	1.41%	3.16%	5.89%
Free Cash Flow Per Share	0.72	-1.92	-0.32	0.37	0.97	1.42
Cash Income Tax Paid	5,126	4,785	3,149	4,701	7,196	4,776
Levered Free Cash Flow	1,191	-2,876	519.59	198.55	487.95	2,973
Unlevered Free Cash Flow	1,393	-2,673	703.51	386.73	702.96	3,247
Change in Working Capital	-2,811	-2,811	1,523	-1,268	-1,131	-433.35

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