SHE:000633 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	8.93	11.68	5.82	5.89	3.34
Depreciation & Amortization	38.53	24.12	4.1	4.3	4.78
Other Amortization	0.03	0.02	-	-	-
Loss (Gain) From Sale of Assets	-2.7	-0.1	-	-0.01	0.04
Asset Writedown & Restructuring Costs	0.36	0.09	0.29	0.02	2.88
Loss (Gain) From Sale of Investments	-	0	0.29	-0.19	-0.77
Provision & Write-off of Bad Debts	-	-1.45	1.18	3.63	-
Other Operating Activities	6.19	7.17	0.58	0.62	0.29
Change in Accounts Receivable	-2.13	-32.8	17.34	-21.37	-1.64
Change in Inventory	-13.14	-8.4	-8.58	-7.6	-6.33
Change in Accounts Payable	-4.49	26	-35	9.6	-3.67
Operating Cash Flow	29.05	26.15	-14	-5.12	-1.08
Operating Cash Flow Growth	11.06%	-	-	-	-
Capital Expenditures	-6.06	-2.8	-0.55	-1.12	-0.43
Sale of Property, Plant & Equipment	0.01	0.07	-	0	0.02
Divestitures	-	-	0.1	-	-
Investment in Securities	-	8	-	1.14	-
Other Investing Activities	-	0.63	-	-	-
Investing Cash Flow	-6.05	5.9	-0.45	0.02	-0.42
Long-Term Debt Issued	10	5	15	-	-
Long-Term Debt Repaid	-6.52	-18.22	-1.6	-1.62	-1.85
Net Debt Issued (Repaid)	3.48	-13.22	13.4	-1.62	-1.85
Common Dividends Paid	-0.48	-0.74	-0.51	-0.28	-0.35
Other Financing Activities	-38.94	8.39	-	-	-
Financing Cash Flow	-35.94	-5.57	12.89	-1.9	-2.2
Net Cash Flow	-12.95	26.49	-1.56	-7	-3.7
Free Cash Flow	22.99	23.35	-14.55	-6.24	-1.51
Free Cash Flow Growth	-1.57%	-	-	-	-
Free Cash Flow Margin	7.88%	8.43%	-6.22%	-2.72%	-0.92%
Free Cash Flow Per Share	0.06	0.06	-0.04	-0.02	-0.00
Cash Income Tax Paid	-2.47	2.15	5.75	0.63	3.12
Levered Free Cash Flow	24.13	27.27	-4.44	-7.37	-8.46
Unlevered Free Cash Flow	24.13	29.39	-4.1	-7.24	-8.28
Change in Working Capital	-22.29	-15.37	-26.25	-19.38	-11.65

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