SHE:000554 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	169.73	155.43	99.33	34.89	11.64	8.23
Depreciation & Amortization	94.52	94.52	128.28	94.76	79.51	80.65
Other Amortization	1.52	1.52	1.36	1.53	1.69	1.72
Loss (Gain) From Sale of Assets	-0.23	-0.23	0.44	-0.23	0.37	0.06
Asset Writedown & Restructuring Costs	5.28	5.28	0.8	14.91	18.55	15.74
Loss (Gain) From Sale of Investments	-	-	-	5.04	-0.24	0.88
Other Operating Activities	-19.23	5.85	6.11	8.44	8.51	6.91
Change in Accounts Receivable	4.97	4.97	13.23	-3.81	-5.21	-5.61
Change in Inventory	241.95	241.95	104.03	148.28	-465.83	-98.47
Change in Accounts Payable	-389.38	-389.38	32.39	-256.17	627.13	-208.96
Change in Other Net Operating Assets	4.05	4.05	0.21	-2.39	4.23	4.02
Operating Cash Flow	112.58	123.35	382	53.87	273.85	-191.93
Operating Cash Flow Growth	-55.11%	-67.71%	609.15%	-80.33%	-	-
Capital Expenditures	-43.63	-47.96	-82.51	-44.48	-38.62	-30.93
Sale of Property, Plant & Equipment	0.57	0.57	0.49	2.54	1.41	-
Investment in Securities	-	-	-	0.75	-	-
Other Investing Activities	-	-	-	-	-	-1.56
Investing Cash Flow	-43.06	-47.38	-82.02	-41.19	-37.2	-32.5
Short-Term Debt Issued	-	-	-	690	-	150
Total Debt Issued	-	-	-	690	-	150
Short-Term Debt Repaid	-	-	-	-690	-150	-
Long-Term Debt Repaid	-	-	-31.96	-33.9	-35.18	-44.98
Total Debt Repaid	-	-	-31.96	-723.9	-185.18	-44.98
Net Debt Issued (Repaid)	-	-	-31.96	-33.9	-185.18	105.02
Common Dividends Paid	-76.04	-76.04	-25.94	-15.26	-5.51	-9.96
Other Financing Activities	-50.37	-44.13	-0.1	-	-0.37	-
Financing Cash Flow	-126.41	-120.17	-58	-49.17	-191.05	95.07
Net Cash Flow	-56.89	-44.2	241.97	-36.49	45.6	-129.36
Free Cash Flow	68.95	75.4	299.49	9.39	235.24	-222.86
Free Cash Flow Growth	-62.26%	-74.83%	3088.88%	-96.01%	-	-
Free Cash Flow Margin	2.23%	2.38%	9.06%	0.26%	7.66%	-7.96%
Free Cash Flow Per Share	0.14	0.16	0.62	0.02	0.40	-0.46
Cash Income Tax Paid	119.22	122.99	127.87	65.71	25.67	48.51
Levered Free Cash Flow	36.59	49.34	276.67	19.23	214.15	-255.29
Unlevered Free Cash Flow	36.59	49.34	279.96	24.26	219.62	-251.02
Change in Working Capital	-139.01	-139.01	145.68	-105.47	153.81	-306.11

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