SHE:000690 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	934.29	705.54	888.54	183.14	824.37	1,818
Depreciation & Amortization	644.83	644.83	702.37	756.5	776.4	782.93
Other Amortization	3.83	3.83	3.85	3.85	6.05	9.52
Loss (Gain) on Sale of Assets	-	-	-0.13	-0.19	-	-
Loss (Gain) on Sale of Investments	-69.08	-69.08	-107.36	-38.93	-147.26	-22.87
Asset Writedown	-	-	-	-	0.01	40.58
Change in Accounts Receivable	6.57	6.57	-237.21	44.39	984.85	-126.22
Change in Inventory	-24.93	-24.93	222.64	-171.78	-163.99	256.59
Change in Accounts Payable	252.06	252.06	299.07	152.41	-1,138	476.77
Change in Other Net Operating Assets	-	-	-	-	-	-99.54
Other Operating Activities	-177.39	157.37	230.93	267.44	289.48	367.41
Operating Cash Flow	1,573	1,679	2,007	1,196	1,435	3,518
Operating Cash Flow Growth	-13.32%	-16.32%	67.81%	-16.65%	-59.21%	84.82%
Capital Expenditures	-1,033	-1,678	-1,983	-251.17	-281.22	-342.95
Sale of Property, Plant & Equipment	-	-	0.17	0.3	-	1.39
Investment in Securities	-177.12	44.68	-66.82	24.86	-4.76	-534.75
Other Investing Activities	657.5	46.36	48.88	122.63	292.05	676.7
Investing Cash Flow	-553.11	-1,587	-2,000	-103.38	6.06	-199.6
Long-Term Debt Issued	-	3,860	3,469	3,166	1,283	1,340
Long-Term Debt Repaid	-	-3,838	-3,718	-2,590	-1,300	-2,535
Net Debt Issued (Repaid)	171.69	21.66	-249.02	576.28	-17.79	-1,196
Common Dividends Paid	-637.39	-877.22	-310.88	-357.37	-955.07	-823.39
Other Financing Activities	-221.71	339.72	-648.38	-14.92	-	-
Financing Cash Flow	-687.41	-515.84	-1,208	203.99	-972.86	-2,019
Foreign Exchange Rate Adjustments	0.31	1.48	-0.19	-2.51	-0.49	-0
Net Cash Flow	333.15	-422.2	-1,202	1,294	467.5	1,299
Free Cash Flow	539.87	1.11	24.37	944.77	1,154	3,175
Free Cash Flow Growth	-	-95.45%	-97.42%	-18.10%	-63.67%	105.14%
Free Cash Flow Margin	6.31%	0.01%	0.24%	10.04%	12.26%	44.34%
Free Cash Flow Per Share	0.25	0.00	0.01	0.41	0.53	1.47
Cash Interest Paid	1.09	1.09	2.28	0.67	2.19	-
Cash Income Tax Paid	606.98	608.27	395.09	127.56	695.31	724.12
Levered Free Cash Flow	-73.25	-76.42	-670.33	28.7	-295.92	2,585
Unlevered Free Cash Flow	-1.66	23.04	-526	196.8	-113.37	2,818
Change in Working Capital	234.97	234.97	285.34	27.05	-317.63	516.37

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