SHE:000782 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-113.88	-70.24	-142.68	-55.21	56.26	38.11
Depreciation & Amortization	75.84	75.84	69.64	74.57	86.51	91.56
Other Amortization	0.13	0.13	-	-	1.69	0.43
Loss (Gain) From Sale of Assets	-0.23	-0.23	1.02	-1.35	-0.2	-0.18
Asset Writedown & Restructuring Costs	26.83	26.83	29.58	2.44	43.44	0.55
Loss (Gain) From Sale of Investments	-1.99	-1.99	19.94	7.07	1.52	-57.7
Provision & Write-off of Bad Debts	-	-	-	-2.46	2.01	-0.69
Other Operating Activities	210.47	34.99	50.95	41.89	23.59	36.55
Change in Accounts Receivable	-974.48	-974.48	-811.06	-	-692.94	-536.86
Change in Inventory	11.61	11.61	-1.6	-48.56	-55.06	-76.29
Change in Accounts Payable	557.91	557.91	402.46	-376.44	563.78	264.65
Change in Other Net Operating Assets	0.64	0.64	-0.7	-0.86	-	-
Operating Cash Flow	-217.03	-348.86	-395.32	-365.2	24.48	-237.27
Capital Expenditures	-410.85	-48.45	-237.85	-46.57	-15.53	-13.66
Sale of Property, Plant & Equipment	2.24	0.33	0.03	0.09	3.8	0.16
Cash Acquisitions	-	-	-	-	-	-47.18
Divestitures	-	-	-	-	12.61	25.85
Investment in Securities	344.92	358.91	-	-3.02	-	70
Other Investing Activities	9.45	8.6	8.07	7.44	14.06	21.65
Investing Cash Flow	-54.25	319.39	-229.75	-42.06	14.94	56.82
Long-Term Debt Issued	-	612.52	1,191	792.45	506.44	517.24
Long-Term Debt Repaid	-	-931.82	-559.11	-327	-490.6	-392.22
Net Debt Issued (Repaid)	217.7	-319.3	632.17	465.45	15.84	125.03
Issuance of Common Stock	-	586.65	-	-	-	-
Common Dividends Paid	-6.18	-14.87	-40.5	-37.78	-32.18	-35.14
Other Financing Activities	89.03	-1.39	-4.58	-1.56	-4.36	60.17
Financing Cash Flow	297.54	251.1	587.09	426.11	-20.7	150.06
Foreign Exchange Rate Adjustments	4.96	5.56	3.46	19.35	2.29	-1.86
Net Cash Flow	31.22	227.19	-34.51	38.21	21.01	-32.26
Free Cash Flow	-627.88	-397.31	-633.16	-411.77	8.95	-250.93
Free Cash Flow Margin	-23.71%	-12.21%	-22.47%	-14.13%	0.27%	-10.68%
Free Cash Flow Per Share	-0.85	-0.57	-1.20	-0.75	0.02	-0.46
Cash Interest Paid	-	-	2.02	1.56	4.36	-
Cash Income Tax Paid	-	-35.74	-10.18	30.85	40.4	38.94
Levered Free Cash Flow	-126.76	-107.86	-58.61	-62.01	225.13	-181.2
Unlevered Free Cash Flow	-123.59	-99.01	-43.06	-47.35	241.4	-165.79
Change in Working Capital	-414.2	-414.2	-423.77	-432.16	-190.35	-345.89

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