SHE:000783 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	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	3,774	1,835	1,548	1,509	2,410	2,085	Upgrade
Depreciation & Amortization, Total	303.58	303.58	318.81	305.96	281.13	140.32	Upgrade
Gain (Loss) On Sale of Investments	-371.63	-371.63	-1,237	454.95	-768.07	-59.24	Upgrade
Change in Accounts Receivable	-4,661	-4,661	-562.64	6,331	-753.29	-10,385	Upgrade
Change in Accounts Payable	3,403	3,403	11,048	-2,445	10,966	14,003	Upgrade
Change in Other Net Operating Assets	-	-	-0.79	70.74	50	0	Upgrade
Other Operating Activities	-21,390	1,152	1,471	1,678	1,850	1,490	Upgrade
Operating Cash Flow	-1,933	18,670	4,670	2,322	9,001	-4,499	Upgrade
Capital Expenditures	-153.17	-245.95	-254.28	-240.98	-1,143	-167.04	Upgrade
Investment in Securities	166.2	-86.63	-300.51	-1,364	194.16	-228.57	Upgrade
Other Investing Activities	88.4	114.08	113.05	93.71	284.81	102.41	Upgrade
Investing Cash Flow	102.44	-217.99	-439.73	-1,511	-663.45	-292.65	Upgrade
Long-Term Debt Issued	-	21,448	22,732	22,760	35,589	34,543	Upgrade
Long-Term Debt Repaid	-	-26,395	-25,668	-22,931	-32,590	-24,706	Upgrade
Net Debt Issued (Repaid)	16,063	-4,948	-2,937	-171.02	2,999	9,838	Upgrade
Issuance of Common Stock	1,499	1,999	2,500	-	-	-	Upgrade
Common Dividends Paid	-1,913	-2,235	-2,106	-3,141	-2,343	-2,104	Upgrade
Other Financing Activities	11.81	-2.9	-11.77	-9.34	-3.87	-3.15	Upgrade
Financing Cash Flow	15,661	-5,186	-2,554	-3,321	651.86	7,731	Upgrade
Foreign Exchange Rate Adjustments	2.5	5.15	5.59	49.7	-35.01	-84.66	Upgrade
Net Cash Flow	13,833	13,271	1,681	-2,461	8,954	2,854	Upgrade
Free Cash Flow	-2,086	18,424	4,416	2,081	7,858	-4,666	Upgrade
Free Cash Flow Growth	-	317.23%	112.23%	-73.52%	-	-	Upgrade
Free Cash Flow Margin	-20.00%	273.16%	64.72%	33.02%	91.90%	-61.21%	Upgrade
Free Cash Flow Per Share	-0.39	3.33	0.70	0.33	1.26	-0.75	Upgrade
Cash Interest Paid	1,408	1,353	1,602	1,593	1,942	1,456	Upgrade
Cash Income Tax Paid	1,387	541.04	710.73	1,041	1,635	1,421	Upgrade

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