SHE:000530 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	106.05	110.34	49.38	18.73	-269.06	21.34
Depreciation & Amortization	163.17	163.17	160.54	96.45	98.84	83.12
Other Amortization	1.84	1.84	1.55	1.46	1.57	1.99
Loss (Gain) From Sale of Assets	-5.01	-5.01	1.18	-0.19	-0.06	0.17
Asset Writedown & Restructuring Costs	20.92	20.92	7	4.4	1.54	13.72
Loss (Gain) From Sale of Investments	-97.56	-97.56	-15.18	-259.7	-4.95	-89.64
Provision & Write-off of Bad Debts	0.5	0.5	64.96	113.51	94.09	34.72
Other Operating Activities	99.87	65.52	60.36	59.93	59.15	24.3
Change in Accounts Receivable	45.12	45.12	-500.97	-1,052	-45.57	-61.89
Change in Inventory	243.07	243.07	-257.41	-412.97	-324.48	-180.34
Change in Accounts Payable	-286.44	-286.44	424.76	1,374	407.76	155.17
Operating Cash Flow	267.22	237.15	-24.44	-56.25	1.52	-13.14
Capital Expenditures	-133.1	-78.72	-89.32	-50.71	-30.7	-14.87
Sale of Property, Plant & Equipment	0.5	32.62	1.67	0.67	0.75	1.62
Cash Acquisitions	-	-	-12.06	-401.82	-	-
Divestitures	-	-	-	5.26	211.2	37.74
Investment in Securities	127.11	163.84	-168	304.79	-43.7	3.2
Other Investing Activities	130	252.46	44.34	109.22	110.7	141.63
Investing Cash Flow	124.51	370.2	-223.37	-32.6	248.26	169.33
Long-Term Debt Issued	-	333.72	451.32	871.84	291.15	359.43
Total Debt Issued	200.99	333.72	451.32	871.84	291.15	359.43
Long-Term Debt Repaid	-	-596.96	-373.01	-271.13	-364.9	-427.64
Total Debt Repaid	-543.03	-596.96	-373.01	-271.13	-364.9	-427.64
Net Debt Issued (Repaid)	-342.04	-263.24	78.31	600.71	-73.75	-68.21
Common Dividends Paid	-64.25	-57.07	-41.77	-30.64	-24.74	-47.14
Other Financing Activities	33.29	-9.52	-39.58	-	-27.4	-25.78
Financing Cash Flow	-373	-329.82	-3.04	570.07	-125.89	-141.13
Foreign Exchange Rate Adjustments	3.95	3.61	-0.37	1.47	0.1	-1.6
Net Cash Flow	22.68	281.14	-251.22	482.69	123.99	13.45
Free Cash Flow	134.12	158.44	-113.76	-106.96	-29.18	-28.01
Free Cash Flow Margin	3.03%	3.50%	-2.36%	-3.70%	-1.40%	-1.62%
Free Cash Flow Per Share	0.16	0.19	-0.14	-0.11	-0.04	-0.03
Cash Income Tax Paid	126.38	151.22	162.38	57.64	46.87	51.63
Levered Free Cash Flow	2.53	91.48	96.9	-361.83	-12.72	32.48
Unlevered Free Cash Flow	18.14	112.12	120.6	-350.21	-2.27	46.73
Change in Working Capital	-22.56	-22.56	-354.23	-90.82	20.39	-102.86

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