SHE:000518 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	-108.07	-109.99	-75.27	-48.79	-34.79	27.3
Depreciation & Amortization	19.31	19.31	24.6	24.75	23.99	18.4
Other Amortization	2.2	2.2	-	-	-	0.24
Loss (Gain) From Sale of Assets	2.41	2.41	-	0.01	-0.28	-0.55
Asset Writedown & Restructuring Costs	13.42	13.42	4	2.25	-	-
Loss (Gain) From Sale of Investments	-0.5	-0.5	-1.73	0.2	0.52	0.03
Provision & Write-off of Bad Debts	2.53	2.53	1.58	5.17	5.5	7.22
Other Operating Activities	111.46	30.13	17.87	3.36	3	-11.4
Change in Accounts Receivable	4.88	4.88	38.87	-0.93	-16.03	-17.55
Change in Inventory	16.49	16.49	-15.54	16.97	8.47	109.73
Change in Accounts Payable	20.54	20.54	6.94	2.58	8.98	-35.03
Operating Cash Flow	84.71	1.46	1.63	4.87	0.16	100.23
Operating Cash Flow Growth	4569.58%	-10.33%	-66.51%	3026.09%	-99.84%	70.95%
Capital Expenditures	-6.67	-5.56	-8.19	-8.47	-7.69	-8.7
Sale of Property, Plant & Equipment	8.28	8.19	-	-	0.32	0.98
Cash Acquisitions	-	-	-	-	-	-0.23
Divestitures	1.5	-	-	-	-	-
Investment in Securities	-	-	-0.3	-	0	-
Other Investing Activities	-	-	-	-	-1.81	-
Investing Cash Flow	3.11	2.63	-8.49	-8.47	-9.18	-7.95
Short-Term Debt Issued	-	6	16	16	16	16
Total Debt Issued	-	6	16	16	16	16
Short-Term Debt Repaid	-	-12.53	-16	-16	-16	-16.02
Long-Term Debt Repaid	-	-4.2	-4.86	-5.86	-7	-88.22
Total Debt Repaid	-19.66	-16.73	-20.86	-21.86	-23	-104.24
Net Debt Issued (Repaid)	-19.66	-10.73	-4.86	-5.86	-7	-88.24
Common Dividends Paid	-0.55	-0.6	-0.77	-0.72	-	-0.54
Other Financing Activities	1.21	-	0.02	-	-0.7	-1.72
Financing Cash Flow	-19	-11.33	-5.61	-6.57	-7.7	-90.5
Foreign Exchange Rate Adjustments	0.04	0.02	0.01	-	-	-0.27
Net Cash Flow	68.86	-7.22	-12.47	-10.18	-16.73	1.51
Free Cash Flow	78.04	-4.1	-6.56	-3.61	-7.53	91.53
Free Cash Flow Growth	-	-	-	-	-	110.72%
Free Cash Flow Margin	22.82%	-2.01%	-2.79%	-1.34%	-2.15%	18.11%
Free Cash Flow Per Share	0.08	-0.00	-0.01	-0.00	-0.01	0.09
Cash Interest Paid	-	-	-	-	0.7	-
Cash Income Tax Paid	7.83	7.77	11.85	8.77	19.27	20.3
Levered Free Cash Flow	138.32	45.73	19.91	25.68	5.11	5.67
Unlevered Free Cash Flow	139.8	47.05	21.45	26.13	5.55	6.16
Change in Working Capital	41.97	41.97	30.58	17.92	2.22	59.01

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