SHE:000536 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	-1,003	-1,130	-1,604	-1,223	-223.75	611.36
Depreciation & Amortization	804.71	804.71	824.56	854.59	877.91	921.38
Other Amortization	11.77	11.77	9.07	17.31	12.49	10.6
Loss (Gain) From Sale of Assets	-1.94	-1.94	1.38	-6.23	0.11	0.89
Asset Writedown & Restructuring Costs	48.02	48.02	149.41	36.68	-138.49	98.89
Loss (Gain) From Sale of Investments	41.19	41.19	-2.86	-87.9	-0.04	-1,465
Provision & Write-off of Bad Debts	21.92	21.92	22.47	121.18	-30.61	-120.02
Other Operating Activities	-143.33	283.34	312.04	383.53	356.05	369.8
Change in Accounts Receivable	39.73	39.73	-817.85	1,596	-130.48	-601.24
Change in Inventory	-34.27	-34.27	-122.63	300.58	-233.22	-77.11
Change in Accounts Payable	308.81	308.81	753	-461.56	130.79	708.42
Operating Cash Flow	93.65	393.53	-475.6	1,531	620.76	458.35
Operating Cash Flow Growth	-77.52%	-	-	146.68%	35.43%	-
Capital Expenditures	-79.07	-92.63	-131.25	-271.65	-390.51	-765.57
Sale of Property, Plant & Equipment	4.54	28.05	4.31	10.21	360.52	52.56
Cash Acquisitions	-	-	-	-	-	-130.39
Divestitures	-	-	-	-0.02	-	2,491
Investment in Securities	-	-	47	-197.5	2.37	45.98
Other Investing Activities	0.1	0.16	3.67	128.01	0.03	0.09
Investing Cash Flow	-74.43	-64.41	-76.27	-330.95	-27.59	1,693
Long-Term Debt Issued	-	3,607	3,700	4,376	3,825	2,655
Long-Term Debt Repaid	-	-4,414	-4,062	-4,737	-3,986	-5,119
Net Debt Issued (Repaid)	18.89	-806.62	-362.08	-360.06	-161.1	-2,465
Common Dividends Paid	-76.77	-118.58	-146.2	-149.74	-267.46	-338.07
Other Financing Activities	76.16	547.65	196.59	90.51	-305.79	727.56
Financing Cash Flow	18.28	-377.54	-311.69	-419.29	-734.35	-2,075
Foreign Exchange Rate Adjustments	-3.48	-4.94	-13.37	18.07	-2.6	-7
Net Cash Flow	34.03	-53.37	-876.92	799.11	-143.77	69.31
Free Cash Flow	14.59	300.9	-606.86	1,260	230.25	-307.22
Free Cash Flow Growth	-95.34%	-	-	447.07%	-	-
Free Cash Flow Margin	1.00%	17.30%	-41.70%	53.61%	7.64%	-14.00%
Free Cash Flow Per Share	0.01	0.11	-0.22	0.46	0.08	-0.11
Cash Income Tax Paid	45.21	36.21	35.35	-1,315	48.05	10.83
Levered Free Cash Flow	241.94	484.47	-310.42	-45.15	-210.95	-1,175
Unlevered Free Cash Flow	341.38	608.69	-185.09	92.45	-48.37	-976.31
Change in Working Capital	314.27	314.27	-187.49	1,435	-232.91	30.07

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.