SHE:000766 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	57.48	56.44	43.93	30.15	35.27	-359.5
Depreciation & Amortization	66.77	66.77	74.74	71.62	69.39	67.71
Other Amortization	0.61	0.61	0.29	0.18	0.61	1.99
Loss (Gain) From Sale of Assets	0.17	0.17	0.21	0.02	-0.83	-57.58
Asset Writedown & Restructuring Costs	-0.12	-0.12	-0.22	0.11	0.59	0.43
Loss (Gain) From Sale of Investments	-2.42	-2.42	2.61	-1.3	-11.13	-0.99
Provision & Write-off of Bad Debts	3.65	3.65	8.98	-3.09	-3.19	131.78
Other Operating Activities	45.2	86.83	82.54	91.05	89.12	132.24
Change in Accounts Receivable	2.64	2.64	-50.56	-	-5.87	275.57
Change in Inventory	-10.47	-10.47	10.18	4.12	54.74	-31.63
Change in Accounts Payable	-42.8	-42.8	-60.45	3.03	-116.27	-61.03
Operating Cash Flow	122.15	162.75	112.78	198.16	138.33	80.71
Operating Cash Flow Growth	-12.22%	44.31%	-43.09%	43.25%	71.40%	7.81%
Capital Expenditures	-55.59	-49.17	-26.67	-23.74	-25.48	-19.16
Sale of Property, Plant & Equipment	0.01	0.05	0.33	1.59	1.01	30.28
Cash Acquisitions	-	-	-	-	0.03	-
Divestitures	-	-	-	-	16.68	1.58
Investment in Securities	0	0	-0.93	0.91	0.01	-497.02
Other Investing Activities	24.53	-	100.4	-	12	-40.35
Investing Cash Flow	-31.05	-49.12	73.13	-21.24	4.25	-524.66
Long-Term Debt Issued	-	234.5	130	1,607	40	1,240
Long-Term Debt Repaid	-	-135.87	-227.45	-1,663	-296.9	-534.75
Net Debt Issued (Repaid)	38.13	98.63	-97.45	-55.82	-256.9	704.85
Common Dividends Paid	-82.19	-84.98	-83.32	-88.6	-97.5	-130.85
Other Financing Activities	3.48	-20.55	-73.09	-	-	6
Financing Cash Flow	-40.58	-6.89	-253.86	-144.42	-354.4	580
Net Cash Flow	50.53	106.73	-67.95	32.5	-211.82	136.04
Free Cash Flow	66.56	113.58	86.11	174.42	112.85	61.55
Free Cash Flow Growth	-35.25%	31.89%	-50.63%	54.56%	83.35%	343.45%
Free Cash Flow Margin	5.34%	8.59%	5.85%	11.86%	7.45%	5.54%
Free Cash Flow Per Share	0.07	0.12	0.10	0.17	0.13	0.06
Cash Income Tax Paid	138.51	85.12	115.33	85.7	96.82	132.91
Levered Free Cash Flow	-43.86	-21.21	28.71	96.14	112.66	83.36
Unlevered Free Cash Flow	8.68	31.91	80.68	151.64	173.41	161.65
Change in Working Capital	-49.18	-49.18	-100.31	9.43	-41.51	164.62

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