SHE:000430 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-539.76	-582.09	-239.33	-259.77	-135.18	-92.21
Depreciation & Amortization	122.61	122.61	136.38	133.38	101.21	84.33
Other Amortization	9.2	9.2	9	9.14	10.38	10.28
Loss (Gain) From Sale of Assets	-0.04	-0.04	-0	-0.04	0.37	-11.16
Asset Writedown & Restructuring Costs	276.51	276.51	58.2	0.5	0.06	10.33
Loss (Gain) From Sale of Investments	200.12	200.12	14.78	-2.54	-2.54	-3.47
Provision & Write-off of Bad Debts	0.09	0.09	0.12	1.2	1.23	2.55
Other Operating Activities	-16.8	52.39	62.4	59.81	28.68	4.19
Change in Accounts Receivable	-10.99	-10.99	-38.37	55.24	14.79	13.09
Change in Inventory	-0.05	-0.05	0.19	0.2	-0.22	0.19
Change in Accounts Payable	20.24	20.24	21.07	2.77	-1.66	-25.53
Operating Cash Flow	63.26	90.11	71.75	-15.7	-12.44	-21.62
Operating Cash Flow Growth	-26.68%	25.60%	-	-	-	-
Capital Expenditures	-46.78	-37.57	-30.34	-113.14	-123.19	-304.43
Sale of Property, Plant & Equipment	1.38	0.04	0.1	0.19	11.34	0.01
Divestitures	-	-	-	-	-	-0.79
Investment in Securities	0.09	0.04	0.06	0.11	2.72	-1.95
Other Investing Activities	2.29	2.8	2.54	2.54	2.54	3.31
Investing Cash Flow	-43.03	-34.7	-27.64	-110.3	-106.59	-303.85
Long-Term Debt Issued	-	66.5	246	385	255	365.7
Long-Term Debt Repaid	-	-108.11	-166.9	-185.98	-113.91	-96.1
Net Debt Issued (Repaid)	5.39	-41.61	79.1	199.02	141.09	269.6
Common Dividends Paid	-15.47	-37.26	-58.87	-58.12	-47.68	-36.06
Other Financing Activities	0.71	-	-	-	-	-0.32
Financing Cash Flow	-9.38	-78.87	20.22	140.89	93.41	233.21
Net Cash Flow	10.85	-23.45	64.33	14.89	-25.63	-92.26
Free Cash Flow	16.48	52.54	41.41	-128.85	-135.63	-326.05
Free Cash Flow Growth	-64.87%	26.88%	-	-	-	-
Free Cash Flow Margin	3.60%	12.17%	9.86%	-97.27%	-68.26%	-192.71%
Free Cash Flow Per Share	0.04	0.13	0.10	-0.32	-0.33	-0.81
Cash Income Tax Paid	43.04	46.71	60.11	-25.91	36.24	28.59
Levered Free Cash Flow	68.36	60.79	22.54	-19.87	-51.84	-344.12
Unlevered Free Cash Flow	80.24	90.78	60.42	17.51	-33.92	-341.63
Change in Working Capital	11.32	11.32	30.2	42.62	-16.65	-26.46

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