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

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