SHE:000657 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	939.45	799.75	534.61	527.58
Depreciation & Amortization	727.1	610.82	480.09	477.27
Other Amortization	21.07	2.84	5.88	6.13
Loss (Gain) From Sale of Assets	-2.38	-116.27	0.41	2.71
Asset Writedown & Restructuring Costs	13.26	118.2	1.75	14.72
Loss (Gain) From Sale of Investments	4.25	21.55	22.44	3.79
Provision & Write-off of Bad Debts	17.26	7.23	5.24	-0.32
Other Operating Activities	257.15	255.45	247.09	328.25
Change in Accounts Receivable	-668.76	-916.16	-1,836	-345.7
Change in Inventory	-224.11	-386.79	-181.68	-381.27
Change in Accounts Payable	-157.74	293.25	1,432	241.66
Change in Other Net Operating Assets	-	-10.63	44.25	2.42
Operating Cash Flow	902.2	657.02	766.07	888.26
Operating Cash Flow Growth	37.32%	-14.24%	-13.76%	-
Capital Expenditures	-856.65	-504.95	-581.51	-516.95
Sale of Property, Plant & Equipment	7.75	60.73	3.29	10.53
Investment in Securities	-	6.3	-	-
Other Investing Activities	-0.6	18.36	-23.12	0.2
Investing Cash Flow	-849.51	-419.56	-601.35	-506.22
Long-Term Debt Issued	3,173	3,037	2,421	1,830
Total Debt Issued	3,173	3,037	2,421	1,830
Long-Term Debt Repaid	-2,585	-2,589	-2,536	-2,067
Total Debt Repaid	-2,585	-2,589	-2,536	-2,067
Net Debt Issued (Repaid)	587.31	447.51	-114.69	-236.84
Issuance of Common Stock	-	-	11.42	69.1
Common Dividends Paid	-273.55	-340.49	-233.64	-106.35
Other Financing Activities	-59.73	-109.68	-114.57	-25.54
Financing Cash Flow	254.03	-2.67	-451.47	-299.63
Foreign Exchange Rate Adjustments	8.93	-27.29	81.96	-33.78
Net Cash Flow	315.65	207.49	-204.79	48.64
Free Cash Flow	45.55	152.07	184.55	371.31
Free Cash Flow Growth	-70.05%	-17.60%	-50.30%	-
Free Cash Flow Margin	0.31%	1.11%	1.41%	3.07%
Free Cash Flow Per Share	0.02	0.07	0.13	0.26
Cash Interest Paid	2.5	2.33	-	-
Cash Income Tax Paid	555	458.47	231.66	221.9
Levered Free Cash Flow	302.09	387.02	63.03	200.71
Unlevered Free Cash Flow	366.57	451.41	122.09	266.46
Change in Working Capital	-1,075	-1,043	-531.43	-471.88

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