SHE:000798 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	-66.79	-104.01	-118.08	157.56	-85.86	-153.97
Depreciation & Amortization	240.74	240.74	216.81	215.64	52.31	45.47
Other Amortization	11.57	11.57	5.86	1.15	1.15	1.18
Loss (Gain) From Sale of Assets	-3.11	-3.11	-2.39	-52.74	-0.51	-
Asset Writedown & Restructuring Costs	69.02	69.02	42.28	56.14	7.85	0.01
Loss (Gain) From Sale of Investments	-9.14	-9.14	-0.88	-0.87	15.8	-7.76
Provision & Write-off of Bad Debts	-	-	-	-	-	-0.29
Other Operating Activities	530.72	116.57	183.21	140.43	9.78	39.3
Change in Accounts Receivable	302.69	302.69	186.34	376.4	2.45	12.12
Change in Inventory	222.69	222.69	-594.63	-445.64	82.42	-17.79
Change in Accounts Payable	-321.62	-321.62	-105.52	-296.36	3.69	18.84
Operating Cash Flow	976.79	525.41	-187.01	151.7	89.06	-62.89
Operating Cash Flow Growth	-	-	-	70.33%	-	-
Capital Expenditures	-358.14	-463.98	-153.21	-119.83	-23.31	-128.65
Sale of Property, Plant & Equipment	17.38	16.02	11.74	102.34	4.8	5.45
Cash Acquisitions	-	-	-	-	-	-5.84
Investment in Securities	-0.73	-2.45	-	-	-0.49	-
Other Investing Activities	-2.67	-	-	-	-	-
Investing Cash Flow	-344.15	-450.42	-141.47	-17.49	-19	-129.04
Long-Term Debt Issued	-	2,094	3,327	311.4	88.71	315.54
Long-Term Debt Repaid	-	-1,887	-1,246	-494.4	-167.54	-148.01
Net Debt Issued (Repaid)	-453.85	207.36	2,081	-183	-78.83	167.53
Issuance of Common Stock	-	-	120	392	-	-
Common Dividends Paid	-123.29	-83.15	-75.53	-59.39	-4.58	-7.35
Other Financing Activities	-14.14	-	-1,718	-	-	-
Financing Cash Flow	-591.28	124.21	407	149.62	-83.41	160.18
Foreign Exchange Rate Adjustments	-0.94	3.44	2.62	14.17	-1.26	-2.12
Net Cash Flow	40.41	202.65	81.14	298	-14.61	-33.87
Free Cash Flow	618.65	61.43	-340.22	31.87	65.75	-191.54
Free Cash Flow Growth	-	-	-	-51.52%	-	-
Free Cash Flow Margin	13.30%	1.24%	-8.42%	0.80%	14.22%	-43.02%
Free Cash Flow Per Share	1.69	0.17	-0.93	0.09	0.21	-0.60
Cash Income Tax Paid	34.71	41.81	17.53	14.22	3.91	2.65
Levered Free Cash Flow	164.38	-458.22	-303.54	-510.35	59.23	-180.15
Unlevered Free Cash Flow	227.34	-393.75	-269.52	-489.23	67.23	-172.97
Change in Working Capital	203.76	203.76	-513.83	-365.61	88.56	13.17

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