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 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	363.52	283.49	-89.23	-384.09	-392.1	-131.44
Depreciation & Amortization, Total	55.84	55.84	59.42	64.22	81.43	99.94
Gain (Loss) On Sale of Investments	-674.44	-674.44	-485.33	-177.39	-51.68	-8.07
Change in Accounts Receivable	-911.64	-911.64	20.09	-185.95	749.86	-2.9
Change in Accounts Payable	715.81	715.81	4,236	-2,792	1,606	-4,341
Other Operating Activities	1,586	514.42	634.41	550.59	492.7	478.61
Operating Cash Flow	2,577	1,425	3,265	-549.41	-165.49	-2,461
Capital Expenditures	-64.98	-75.52	-100.29	-83.07	-95.58	-93.73
Investment in Securities	2,272	2,272	-	81.62	-	15.45
Other Investing Activities	90.13	90.19	120.11	0.12	0.11	80.77
Investing Cash Flow	2,297	2,286	19.97	-1.34	-95.46	2.57
Long-Term Debt Issued	-	2,805	4,010	6,827	1,566	7,711
Long-Term Debt Repaid	-	-4,371	-5,008	-6,427	-1,367	-6,281
Net Debt Issued (Repaid)	-2,086	-1,566	-998.17	400.6	198.11	1,431
Issuance of Common Stock	-	-	-	-	10	-
Common Dividends Paid	-521.87	-551.5	-231.17	-481.96	-541.13	-474.32
Other Financing Activities	-56.95	-58.18	-50.13	312.5	-124.45	7.1
Financing Cash Flow	-2,665	-2,176	-1,279	231.14	-457.48	963.48
Foreign Exchange Rate Adjustments	-1.53	-0.9	0.67	0.54	2.94	-0.84
Net Cash Flow	2,207	1,535	2,006	-319.05	-715.49	-1,496
Free Cash Flow	2,512	1,349	3,164	-632.48	-261.07	-2,554
Free Cash Flow Growth	-9.71%	-57.36%	-	-	-	-
Free Cash Flow Margin	239.88%	145.65%	476.98%	-345.57%	-113.27%	-255.76%
Free Cash Flow Per Share	2.90	1.52	3.55	-0.71	-0.29	-2.92
Cash Interest Paid	254.95	244.41	193.41	183.18	272.85	428
Cash Income Tax Paid	74	72.7	58.4	83.34	174.1	214.27