SHE:000702 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	-53.49	-65.25	-139.85	-115.99	-224.29	33.54
Depreciation & Amortization	35.39	35.39	52.51	70.57	84.7	38.02
Other Amortization	0.98	0.98	-	-	-	-
Loss (Gain) From Sale of Assets	-1.16	-1.16	-4.47	-5.5	22.29	-41.87
Asset Writedown & Restructuring Costs	11.37	11.37	35.57	38.05	204.88	3.35
Loss (Gain) From Sale of Investments	-10.93	-10.93	0.88	1.12	-5.8	-3.68
Other Operating Activities	65.03	42.57	35.31	-17.02	-89.19	0.58
Change in Accounts Receivable	-28.96	-28.96	-0.82	-18.88	29.29	-25.99
Change in Inventory	-12.26	-12.26	120.46	-25.34	-120.21	-190.06
Change in Accounts Payable	39.06	39.06	-38.7	-7.89	-30.54	73.87
Operating Cash Flow	45.02	10.8	60.89	-80.87	-128.87	-112.25
Operating Cash Flow Growth	-	-82.27%	-	-	-	-
Capital Expenditures	-19.26	-14.85	-31.88	-40.98	-115.92	-161.54
Sale of Property, Plant & Equipment	5.7	3.12	57.29	31.74	70.77	74.88
Divestitures	30.35	39.77	-	-	5.99	-
Investment in Securities	-11.33	-9.33	1.9	2.4	7.32	35.28
Other Investing Activities	2.1	1.9	3.12	0.82	0.12	0.07
Investing Cash Flow	7.56	20.62	30.43	-6.03	-31.72	-51.3
Short-Term Debt Issued	-	353.75	315	525	406.06	225
Total Debt Issued	243	353.75	315	525	406.06	225
Short-Term Debt Repaid	-	-347	-480	-481.06	-155	-115
Long-Term Debt Repaid	-	-6.87	-15.2	-19.55	-34.68	-
Total Debt Repaid	-446.52	-353.87	-495.2	-500.61	-189.68	-115
Net Debt Issued (Repaid)	-203.52	-0.12	-180.2	24.39	216.39	110
Issuance of Common Stock	3.85	0.25	331.87	-	-	-
Common Dividends Paid	-8.26	-10.22	-17.89	-17.85	-15.07	-2.03
Other Financing Activities	-0.11	-	-30	30	-3.07	19.83
Financing Cash Flow	-208.05	-10.1	103.78	36.54	198.25	127.81
Foreign Exchange Rate Adjustments	-	-	-	0	-	-
Net Cash Flow	-155.48	21.32	195.1	-50.36	37.66	-35.74
Free Cash Flow	25.76	-4.05	29.01	-121.85	-244.79	-273.78
Free Cash Flow Margin	2.27%	-0.36%	2.34%	-10.49%	-17.10%	-25.63%
Free Cash Flow Per Share	0.07	-0.01	0.10	-0.46	-0.92	-1.03
Cash Income Tax Paid	5.12	4.7	7.75	6.27	17.15	7.7
Levered Free Cash Flow	15.21	-15.2	16.82	-23.23	-131.78	-263.75
Unlevered Free Cash Flow	21.61	-8.77	28.43	-11.11	-119.82	-263.11
Change in Working Capital	-2.16	-2.16	80.94	-52.11	-121.46	-142.18

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