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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,035	1,024	705.54	888.54	183.14	824.37
Depreciation & Amortization	590.43	590.43	644.83	702.37	756.5	776.4
Other Amortization	9.03	9.03	3.83	3.85	3.85	6.05
Loss (Gain) on Sale of Assets	-	-	-	-0.13	-0.19	-
Loss (Gain) on Sale of Investments	-221.07	-221.07	-69.08	-107.36	-38.93	-147.26
Asset Writedown	51.44	51.44	-	-	-	0.01
Change in Accounts Receivable	-215.42	-215.42	6.57	-237.21	44.39	984.85
Change in Inventory	24.58	24.58	-24.93	222.64	-171.78	-163.99
Change in Accounts Payable	364.15	364.15	252.06	299.07	152.41	-1,138
Change in Other Net Operating Assets	11.17	11.17	-	-	-	-
Other Operating Activities	377.78	130.49	157.45	230.93	267.44	289.48
Operating Cash Flow	2,031	1,774	1,679	2,007	1,196	1,435
Operating Cash Flow Growth	13.62%	5.62%	-16.32%	67.81%	-16.65%	-59.21%
Capital Expenditures	-587.84	-738.44	-1,678	-1,983	-251.17	-281.22
Sale of Property, Plant & Equipment	-	-	-	0.17	0.3	-
Investment in Securities	-461.61	-922.61	44.68	-66.82	24.86	-4.76
Other Investing Activities	111.67	146.21	46.36	48.88	122.63	292.05
Investing Cash Flow	-937.77	-1,515	-1,587	-2,000	-103.38	6.06
Long-Term Debt Issued	-	2,686	3,860	3,469	3,166	1,283
Long-Term Debt Repaid	-	-2,582	-3,838	-3,718	-2,590	-1,300
Net Debt Issued (Repaid)	-67.31	103.42	21.66	-249.02	576.28	-17.79
Common Dividends Paid	-618.06	-616.02	-877.22	-310.88	-357.37	-955.07
Other Financing Activities	41	-8.12	339.72	-648.38	-14.92	-
Financing Cash Flow	-644.37	-520.71	-515.84	-1,208	203.99	-972.86
Foreign Exchange Rate Adjustments	-1.55	-1.12	1.48	-0.19	-2.51	-0.49
Net Cash Flow	447.64	-262.9	-422.2	-1,202	1,294	467.5
Free Cash Flow	1,443	1,035	1.11	24.37	944.77	1,154
Free Cash Flow Growth	1088.57%	93175.15%	-95.45%	-97.42%	-18.10%	-63.67%
Free Cash Flow Margin	16.49%	11.99%	0.01%	0.24%	10.04%	12.26%
Free Cash Flow Per Share	0.66	0.48	0.00	0.01	0.41	0.53
Cash Interest Paid	3.42	3.42	1.09	2.28	0.67	2.19
Cash Income Tax Paid	625.59	580.13	608.27	395.09	127.56	695.31
Levered Free Cash Flow	754.66	329.71	-76.21	-670.33	28.7	-295.92
Unlevered Free Cash Flow	852.95	415.35	23.25	-526	196.8	-113.37
Change in Working Capital	176.08	176.08	234.97	285.34	27.05	-317.63

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