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 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	31.83	34.29	56.44	43.93	30.15	35.27
Depreciation & Amortization	62.24	62.24	66.94	74.74	71.62	69.39
Other Amortization	0.68	0.68	0.44	0.29	0.18	0.61
Loss (Gain) From Sale of Assets	0.05	0.05	0.17	0.21	0.02	-0.83
Asset Writedown & Restructuring Costs	0.28	0.28	-0.12	-0.22	0.11	0.59
Loss (Gain) From Sale of Investments	-5.18	-5.18	-2.42	2.61	-1.3	-11.13
Provision & Write-off of Bad Debts	-0.63	-0.63	3.65	8.98	-3.09	-3.19
Other Operating Activities	86.02	84.58	86.83	82.54	91.05	89.12
Change in Accounts Receivable	-7.47	-7.47	2.64	-50.56	-	-5.87
Change in Inventory	18.01	18.01	-10.47	10.18	4.12	54.74
Change in Accounts Payable	-84.83	-84.83	-42.8	-60.45	3.03	-116.27
Operating Cash Flow	104.04	105.05	162.75	112.78	198.16	138.33
Operating Cash Flow Growth	-51.77%	-35.45%	44.31%	-43.09%	43.25%	71.40%
Capital Expenditures	-61.75	-64.07	-49.17	-26.67	-23.74	-25.48
Sale of Property, Plant & Equipment	0.03	0.03	0.05	0.33	1.59	1.01
Cash Acquisitions	-	-	-	-	-	0.03
Divestitures	-	-	-	-	-	16.68
Investment in Securities	0	0	0	-0.93	0.91	0.01
Other Investing Activities	26.15	25.18	-	100.4	-	12
Investing Cash Flow	-35.57	-38.85	-49.12	73.13	-21.24	4.25
Long-Term Debt Issued	-	1,853	234.5	130	1,607	40
Long-Term Debt Repaid	-	-1,840	-135.87	-227.45	-1,663	-296.9
Net Debt Issued (Repaid)	178.39	12.64	98.63	-97.45	-55.82	-256.9
Common Dividends Paid	-81.88	-81.32	-84.98	-83.32	-88.6	-97.5
Other Financing Activities	-0.21	-0.13	-20.55	-73.09	-	-
Financing Cash Flow	96.3	-68.8	-6.89	-253.86	-144.42	-354.4
Net Cash Flow	164.78	-2.6	106.73	-67.95	32.5	-211.82
Free Cash Flow	42.3	40.99	113.58	86.11	174.42	112.85
Free Cash Flow Growth	-74.51%	-63.91%	31.89%	-50.63%	54.56%	83.35%
Free Cash Flow Margin	3.61%	3.50%	8.59%	5.85%	11.86%	7.45%
Free Cash Flow Per Share	0.05	0.05	0.12	0.10	0.17	0.13
Cash Income Tax Paid	148.59	153.54	85.12	115.33	85.7	96.82
Levered Free Cash Flow	-20.25	-38.69	-21.21	28.71	96.14	112.66
Unlevered Free Cash Flow	31.39	12.49	31.91	80.68	151.64	173.41
Change in Working Capital	-71.24	-71.24	-49.18	-100.31	9.43	-41.51

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