SHE:000692 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	-192.21	-330.28	976.9	-1,939	-220.96	-972.43
Depreciation & Amortization	306.56	306.56	286.92	276.02	258.3	249.23
Other Amortization	3.94	3.94	1.44	0.78	1.03	1.43
Loss (Gain) on Sale of Assets	0.01	0.01	-465.51	-13.5	-94.78	-32.15
Loss (Gain) on Sale of Investments	-	-	0.73	-1.37	-40.7	458.8
Asset Writedown	15.16	15.16	0.1	-0.09	0.05	5.21
Change in Accounts Receivable	-122.77	-122.77	46.75	-55.35	270.7	497.19
Change in Inventory	32.37	32.37	-86.52	635.45	-	166.67
Change in Accounts Payable	-152.21	-152.21	329.08	459.9	226.26	-315.39
Change in Other Net Operating Assets	-25.97	-25.97	-70.3	85.55	-60.14	10.65
Other Operating Activities	196.06	144.15	216.27	187.37	168.54	295.73
Operating Cash Flow	76.46	-113.53	1,259	-235.24	-311.99	376.63
Operating Cash Flow Growth	-86.87%	-	-	-	-	17431.58%
Capital Expenditures	-415.11	-663.76	-174.76	-157.5	-150.57	-73.28
Sale of Property, Plant & Equipment	0.01	0.01	672.17	0.56	333.99	17.78
Divestitures	-	-	0	-	-	-
Investment in Securities	324.48	243.36	-	-	-	-
Other Investing Activities	-	-	-385.94	-	-	-
Investing Cash Flow	-90.62	-420.38	111.46	-156.94	183.42	-55.51
Long-Term Debt Issued	-	3,003	1,901	3,086	1,985	1,821
Long-Term Debt Repaid	-	-2,362	-2,924	-2,055	-1,634	-2,873
Net Debt Issued (Repaid)	65.29	641.67	-1,023	1,031	351.33	-1,052
Common Dividends Paid	-129.05	-137.1	-145.51	-145.48	-118.74	-139.4
Other Financing Activities	126.93	99.5	-500	0.01	16.42	855.42
Financing Cash Flow	63.17	604.07	-1,669	885.07	249.01	-335.51
Net Cash Flow	49.01	70.15	-298.1	492.89	120.44	-14.39
Free Cash Flow	-338.64	-777.29	1,085	-392.75	-462.56	303.35
Free Cash Flow Margin	-16.17%	-37.04%	55.20%	-19.67%	-23.28%	16.02%
Free Cash Flow Per Share	-0.64	-1.46	2.04	-0.74	-0.87	0.57
Cash Income Tax Paid	23.27	22.95	28.54	-86.66	19.78	19.91
Levered Free Cash Flow	-365.68	-701.75	-546.53	467.91	281.97	586.99
Unlevered Free Cash Flow	-283.98	-615.34	-430.39	582.02	368.47	674.1
Change in Working Capital	-267.9	-267.9	221.68	1,234	-416.29	404.69

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