SHE:000812 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	42.02	39.76	60.04	31.23
Depreciation & Amortization	151.15	129.28	99.53	102.54
Other Amortization	20.02	21.02	15.52	11
Loss (Gain) From Sale of Assets	-	-	-0.85	-2.4
Asset Writedown & Restructuring Costs	3.21	22.75	1.68	17.22
Loss (Gain) From Sale of Investments	-1.22	-2.99	-23.42	-4.58
Provision & Write-off of Bad Debts	-0.82	3.13	2.95	11.95
Other Operating Activities	96.5	83.06	72.69	51.44
Change in Accounts Receivable	9.32	30.31	64.11	-130.65
Change in Inventory	11.39	87.97	65.16	-151.46
Change in Accounts Payable	-33.56	-160.25	-141.03	343.04
Change in Other Net Operating Assets	-	-	-	-14.79
Operating Cash Flow	301.64	252.66	222.93	263.01
Operating Cash Flow Growth	19.39%	13.33%	-15.24%	69.37%
Capital Expenditures	-452.56	-311.89	-441.88	-218.8
Sale of Property, Plant & Equipment	0.23	0.03	1.15	1.58
Cash Acquisitions	-36.02	-	-	-0
Divestitures	-	-	-0.52	-
Investment in Securities	-	-68.5	-73.44	40
Other Investing Activities	1.25	5.22	4.67	7.39
Investing Cash Flow	-487.1	-375.14	-541.15	-169.83
Long-Term Debt Issued	1,389	1,222	929.38	818.23
Long-Term Debt Repaid	-1,133	-1,014	-721.01	-631.8
Net Debt Issued (Repaid)	256.05	208.13	208.37	186.44
Common Dividends Paid	-85.61	-63.92	-50.9	-44.89
Other Financing Activities	6.16	-28.15	-1.06	-36.2
Financing Cash Flow	176.6	116.06	156.41	105.34
Net Cash Flow	-8.85	-6.42	-161.81	198.51
Free Cash Flow	-150.92	-59.23	-218.94	44.2
Free Cash Flow Growth	-	-	-	22.75%
Free Cash Flow Margin	-10.48%	-4.78%	-16.97%	3.44%
Free Cash Flow Per Share	-0.20	-0.08	-0.28	0.06
Cash Income Tax Paid	55.43	42.5	43.04	41.31
Levered Free Cash Flow	148.03	70.2	-212.06	153.53
Unlevered Free Cash Flow	196.96	110.87	-178.06	182.12
Change in Working Capital	-9.22	-43.35	-5.2	44.61

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