SHE:000712 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	158.9	-89.23	-384.09	-392.1	-131.44	66.08
Depreciation & Amortization, Total	59.13	59.13	64.22	81.43	99.94	29.32
Gain (Loss) On Sale of Investments	-485.33	-485.33	-177.39	-51.68	-8.07	-78.77
Change in Accounts Receivable	20.09	20.09	-185.95	749.86	-2.9	293.2
Change in Accounts Payable	4,236	4,236	-2,792	1,606	-4,341	-2,306
Other Operating Activities	-623.89	634.41	550.59	492.7	478.61	677.9
Operating Cash Flow	2,255	3,265	-549.41	-165.49	-2,461	3,532
Capital Expenditures	-67.7	-100.29	-83.07	-95.58	-93.73	-92.55
Investment in Securities	2,392	120	81.62	-	15.45	-
Other Investing Activities	-29.91	0.11	0.12	0.11	80.77	60.65
Investing Cash Flow	2,294	19.97	-1.34	-95.46	2.57	-31.9
Long-Term Debt Issued	-	4,010	6,827	1,566	7,711	4,155
Long-Term Debt Repaid	-	-5,008	-6,427	-1,367	-6,281	-5,465
Net Debt Issued (Repaid)	-2,267	-998.17	400.6	198.11	1,431	-1,310
Issuance of Common Stock	-	-	-	10	-	-
Common Dividends Paid	-592.43	-231.17	-481.96	-541.13	-474.32	-486.15
Other Financing Activities	-50.83	-50.13	312.5	-124.45	7.1	10.03
Financing Cash Flow	-2,911	-1,279	231.14	-457.48	963.48	-1,786
Foreign Exchange Rate Adjustments	0.46	0.67	0.54	2.94	-0.84	-2.17
Net Cash Flow	1,638	2,006	-319.05	-715.49	-1,496	1,712
Free Cash Flow	2,187	3,164	-632.48	-261.07	-2,554	3,440
Free Cash Flow Growth	5.23%	-	-	-	-	42.11%
Free Cash Flow Margin	267.94%	476.98%	-345.57%	-113.27%	-255.76%	208.47%
Free Cash Flow Per Share	2.45	3.55	-0.71	-0.29	-2.92	3.64
Cash Interest Paid	237.18	193.41	183.18	272.85	428	575.11
Cash Income Tax Paid	69.53	58.4	83.34	174.1	214.27	367.08

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