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 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	73.66	83.75	-104.01	-118.08	157.56	-85.86
Depreciation & Amortization	261.94	261.94	240.74	216.81	215.64	52.31
Other Amortization	22.61	22.61	11.57	5.86	1.15	1.15
Loss (Gain) From Sale of Assets	-2.83	-2.83	-3.11	-2.39	-52.74	-0.51
Asset Writedown & Restructuring Costs	83.62	83.62	69.02	42.28	56.14	7.85
Loss (Gain) From Sale of Investments	-4.76	-4.76	-9.14	-0.88	-0.87	15.8
Other Operating Activities	-183.31	152.32	116.57	183.21	140.43	9.78
Change in Accounts Receivable	343.38	343.38	302.69	186.34	376.4	2.45
Change in Inventory	-1.29	-1.29	222.69	-594.63	-445.64	82.42
Change in Accounts Payable	-469.02	-469.02	-321.62	-105.52	-296.36	3.69
Operating Cash Flow	123.93	469.65	525.41	-187.01	151.7	89.06
Operating Cash Flow Growth	-85.67%	-10.61%	-	-	70.33%	-
Capital Expenditures	-355.34	-362.41	-463.98	-153.21	-119.83	-23.31
Sale of Property, Plant & Equipment	11.23	25.95	16.02	11.74	102.34	4.8
Investment in Securities	0.05	0.05	-2.45	-	-	-0.49
Investing Cash Flow	-344.06	-336.41	-450.42	-141.47	-17.49	-19
Long-Term Debt Issued	-	2,094	2,094	3,327	311.4	88.71
Long-Term Debt Repaid	-	-2,182	-1,887	-1,246	-494.4	-167.54
Net Debt Issued (Repaid)	-31.21	-87.72	207.36	2,081	-183	-78.83
Issuance of Common Stock	-	-	-	120	392	-
Common Dividends Paid	-114.45	-115.72	-83.15	-75.53	-59.39	-4.58
Other Financing Activities	5.49	-	-	-1,718	-	-
Financing Cash Flow	-140.18	-203.43	124.21	407	149.62	-83.41
Foreign Exchange Rate Adjustments	-17.4	-10.07	3.44	2.62	14.17	-1.26
Net Cash Flow	-377.71	-80.27	202.65	81.14	298	-14.61
Free Cash Flow	-231.41	107.24	61.43	-340.22	31.87	65.75
Free Cash Flow Growth	-	74.59%	-	-	-51.52%	-
Free Cash Flow Margin	-5.34%	2.47%	1.24%	-8.42%	0.80%	14.22%
Free Cash Flow Per Share	-0.63	0.29	0.17	-0.93	0.09	0.21
Cash Income Tax Paid	4.23	11.31	41.81	17.53	14.22	3.91
Levered Free Cash Flow	657.76	37.48	-459.13	-303.54	-510.35	59.23
Unlevered Free Cash Flow	713.93	93.64	-394.65	-269.52	-489.23	67.23
Change in Working Capital	-126.99	-126.99	203.76	-513.83	-365.61	88.56

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