SHE:000563 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	1,433	1,361	1,082	837.98	732.22
Depreciation & Amortization	27.41	24.57	23.71	26.25	27.62
Other Amortization	4.07	2.6	2.33	2.1	1.69
Loss (Gain) From Sale of Assets	0.13	-0.26	-0.09	0.17	-18.04
Asset Writedown & Restructuring Costs	1	-	0.11	0.21	0.01
Loss (Gain) From Sale of Investments	-967.56	-765.87	-581.11	-31.55	-281.14
Provision & Write-off of Bad Debts	1.07	0.01	0.07	0.05	-
Other Operating Activities	111.46	200.47	341.68	149.26	514.75
Change in Accounts Receivable	-2,012	428.18	-807.97	-1,712	-2,938
Change in Accounts Payable	460.88	589.86	338.24	-353.55	470.32
Operating Cash Flow	-879.49	1,850	593.22	-980.15	-1,570
Operating Cash Flow Growth	-	211.82%	-	-	-
Capital Expenditures	-220.1	-314.13	-435.47	-1.57	-2.89
Sale of Property, Plant & Equipment	0	0	0.13	0.03	92.12
Investment in Securities	-3,161	-174.3	-1,045	-1,259	1,630
Other Investing Activities	801.03	752.29	651.56	202.73	313.37
Investing Cash Flow	-2,580	263.86	-828.63	-1,058	2,033
Long-Term Debt Repaid	-6.92	-20.47	-20.96	-18.43	-22.77
Net Debt Issued (Repaid)	-6.92	-20.47	-20.96	-18.43	-22.77
Issuance of Common Stock	-	-	-	3,490	-
Common Dividends Paid	-485.87	-625.6	-274.62	-241.61	-228.07
Other Financing Activities	3,483	47.8	-153.7	-380	658
Financing Cash Flow	2,991	-598.27	-449.28	2,850	407.17
Net Cash Flow	-468.7	1,515	-684.69	811.65	870.37
Free Cash Flow	-1,100	1,536	157.75	-981.72	-1,573
Free Cash Flow Growth	-	873.46%	-	-	-
Free Cash Flow Margin	-32.20%	44.54%	4.99%	-46.98%	-73.65%
Free Cash Flow Per Share	-0.21	0.30	0.03	-0.25	-0.40
Cash Interest Paid	0.67	3.69	9.86	2.97	1.3
Cash Income Tax Paid	795.91	647.94	580.44	510.03	280.84
Levered Free Cash Flow	-1,708	848.03	431.83	-1,287	-1,675
Unlevered Free Cash Flow	-1,419	1,172	645.03	-1,183	-1,519
Change in Working Capital	-1,568	907.43	-592.37	-2,100	-2,568

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