SHE:000612 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	966.64	588.7	593.05	303.08	396.62	567.9
Depreciation & Amortization	189.17	189.17	194.2	214.28	225.4	228.03
Other Amortization	0.21	0.21	-	-	-	-
Loss (Gain) From Sale of Assets	12.82	12.82	-0.28	-0.31	-0.57	-8.56
Asset Writedown & Restructuring Costs	21.8	21.8	-46.68	27.9	11.57	3.98
Loss (Gain) From Sale of Investments	-240.28	-240.28	-241.75	-402.3	-117.2	-102.56
Provision & Write-off of Bad Debts	-	-	-0.02	-0.72	-8.47	7.13
Other Operating Activities	-598.3	36.68	57.42	167.19	65.95	63.46
Change in Accounts Receivable	106.4	106.4	94.43	24.35	-138.28	9.83
Change in Inventory	-85.86	-85.86	140.81	375.75	-318.33	-225.61
Change in Accounts Payable	402.69	402.69	28.53	-52	-39.31	224.82
Operating Cash Flow	698.89	955.93	851.74	628.3	95.99	828.43
Operating Cash Flow Growth	-36.60%	12.23%	35.56%	554.53%	-88.41%	13.93%
Capital Expenditures	-94.28	-125.57	-50.22	-122.07	-48.79	-111.74
Sale of Property, Plant & Equipment	5.23	0.88	0.04	33.02	0.09	1.05
Investment in Securities	50	150	-	-150	50	-50
Other Investing Activities	9.64	-18.02	50.79	3.86	-9.33	6.96
Investing Cash Flow	-29.42	7.29	0.61	-235.19	-8.04	-153.73
Short-Term Debt Issued	-	-	-	-	743.36	-
Long-Term Debt Issued	-	493.5	809.5	1,081	1,612	796.5
Total Debt Issued	261	493.5	809.5	1,081	2,355	796.5
Short-Term Debt Repaid	-	-	-	-	-743.36	-
Long-Term Debt Repaid	-	-963.01	-1,152	-1,244	-1,279	-1,026
Total Debt Repaid	-615.04	-963.01	-1,152	-1,244	-2,022	-1,026
Net Debt Issued (Repaid)	-354.04	-469.51	-342.16	-163.58	332.78	-229
Common Dividends Paid	-172.02	-191.74	-137.59	-163.6	-112.78	-73.89
Other Financing Activities	-	-	-	-	-	-433.55
Financing Cash Flow	-526.06	-661.25	-479.76	-327.18	220.01	-736.44
Net Cash Flow	143.41	301.97	372.59	65.94	307.96	-61.75
Free Cash Flow	604.6	830.36	801.52	506.23	47.2	716.69
Free Cash Flow Growth	-40.27%	3.60%	58.33%	972.43%	-93.41%	6.49%
Free Cash Flow Margin	9.08%	12.84%	12.96%	7.58%	0.96%	15.11%
Free Cash Flow Per Share	0.51	0.70	0.67	0.42	0.04	0.60
Cash Income Tax Paid	578.6	291.87	159.73	79.3	331.4	197.74
Levered Free Cash Flow	434.11	544.14	294.05	329.56	164.79	162.24
Unlevered Free Cash Flow	445.56	560.49	328.33	365.32	198.27	199.86
Change in Working Capital	346.84	346.84	295.81	319.18	-477.3	69.05

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