SHE:000586 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	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-1.45	-9.34	19.94	18.2	26.14
Depreciation & Amortization	9.54	7.98	7.74	7.15	6.59
Other Amortization	1.67	1.6	1.33	0.73	0.4
Loss (Gain) From Sale of Assets	0.07	-0.01	-0.01	0.28	0.06
Asset Writedown & Restructuring Costs	5.82	0.07	0.09	0.03	-
Loss (Gain) From Sale of Investments	-	-	-0.1	-0.36	-0.25
Provision & Write-off of Bad Debts	-	-1.44	0.99	4.37	3.76
Other Operating Activities	5.57	7.01	3.57	4.01	4.7
Change in Accounts Receivable	-53.68	13.67	-15.7	-31.4	-33.54
Change in Inventory	-6.88	2.29	-6.84	-10.28	-3.93
Change in Accounts Payable	75.35	-27.08	-8.64	24.1	-9.69
Operating Cash Flow	34.13	-5.43	2.33	20.53	-6.37
Operating Cash Flow Growth	-	-	-88.63%	-	-
Capital Expenditures	-23.58	-9.19	-9.1	-12.06	-14.21
Sale of Property, Plant & Equipment	0.29	0.26	0.22	0.01	-
Cash Acquisitions	-	-0.02	-	-	-
Divestitures	-	-	-	-	11.18
Investment in Securities	-2.14	10	-	-1.92	-10
Other Investing Activities	-3.86	0.24	0.19	0.27	0.18
Investing Cash Flow	-29.29	1.29	-8.69	-13.7	-12.86
Short-Term Debt Issued	-	2.1	-	26	26
Long-Term Debt Issued	46	36	36	-	-
Total Debt Issued	46	38.1	36	26	26
Short-Term Debt Repaid	-	-	-	-26.04	-19
Long-Term Debt Repaid	-36	-36.62	-26.47	-0.25	-0.49
Total Debt Repaid	-36	-36.62	-26.47	-26.29	-19.49
Net Debt Issued (Repaid)	10	1.48	9.53	-0.29	6.51
Common Dividends Paid	-1.63	-1.78	-1.37	-0.96	-1.31
Other Financing Activities	-1.81	-	-	-	-
Financing Cash Flow	6.55	-0.3	8.15	-1.25	5.21
Foreign Exchange Rate Adjustments	0.22	0.04	-	-	-
Net Cash Flow	11.61	-4.39	1.8	5.58	-14.02
Free Cash Flow	10.55	-14.62	-6.76	8.48	-20.59
Free Cash Flow Margin	2.06%	-3.46%	-1.36%	1.90%	-4.58%
Free Cash Flow Per Share	0.05	-0.08	-0.04	0.04	-0.11
Cash Income Tax Paid	29.97	32.11	37.41	17.62	28.03
Levered Free Cash Flow	29.42	-8.39	-18.27	-2.6	-19.17
Unlevered Free Cash Flow	29.42	-7.41	-17.62	-1.97	-18.33
Change in Working Capital	12.91	-11.29	-31.21	-13.88	-47.8

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