SHE:000719 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	1,030	1,389	1,032	975.09
Depreciation & Amortization	262.18	291.17	259.57	256.44
Other Amortization	40.47	30.47	25.18	30.41
Loss (Gain) From Sale of Assets	-2.58	-1.32	-1.21	-0.68
Asset Writedown & Restructuring Costs	0.97	2.14	2.16	0.25
Loss (Gain) From Sale of Investments	-0.02	-10.22	-19.63	-15.38
Provision & Write-off of Bad Debts	48.9	67.6	98.28	29.91
Other Operating Activities	128.64	159.97	192.35	169.02
Change in Accounts Receivable	-155.51	222.89	-420.58	209.87
Change in Inventory	-22.57	11.4	-4.03	-168.74
Change in Accounts Payable	-199.17	261.36	428.8	108.81
Operating Cash Flow	1,369	2,190	1,599	1,585
Operating Cash Flow Growth	-37.47%	36.93%	0.87%	-4.45%
Capital Expenditures	-332.89	-524.02	-578.92	-663.11
Sale of Property, Plant & Equipment	2.58	4.13	2.16	1.68
Divestitures	-	0.75	-	-
Investment in Securities	-1,259	-1,220	-720.64	-1,626
Other Investing Activities	105.46	55.57	29.3	12.64
Investing Cash Flow	-1,484	-1,683	-1,268	-2,274
Long-Term Debt Repaid	-47.73	-41.95	-52.68	-59.62
Total Debt Repaid	-47.73	-41.95	-52.68	-59.62
Net Debt Issued (Repaid)	-47.73	-41.95	-52.68	-59.62
Common Dividends Paid	-429.75	-388.82	-337.66	-317.19
Other Financing Activities	13.19	14.72	-19.27	-11.21
Financing Cash Flow	-464.29	-416.04	-409.61	-388.02
Foreign Exchange Rate Adjustments	-0	-0.02	-0	-0
Net Cash Flow	-579.03	90.42	-78.49	-1,077
Free Cash Flow	1,036	1,666	1,020	922.31
Free Cash Flow Growth	-37.79%	63.26%	10.63%	-25.13%
Free Cash Flow Margin	10.51%	16.94%	10.60%	9.96%
Free Cash Flow Per Share	1.02	1.63	1.00	0.90
Cash Income Tax Paid	480.29	221.24	182.02	176.49
Levered Free Cash Flow	717.21	1,509	703.87	713.18
Unlevered Free Cash Flow	717.26	1,510	707.38	714.12
Change in Working Capital	-139.22	261.16	10.35	140.35

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