SHE:000815 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-506.2	-548.48	-17.77	-232.37	-17.28	48.53
Depreciation & Amortization	95.12	95.12	104.69	96.81	76.95	76.2
Other Amortization	10.87	10.87	10.81	10.83	17.33	11.8
Loss (Gain) From Sale of Assets	-0.8	-0.8	-7.09	-	-	-0.65
Asset Writedown & Restructuring Costs	214.43	214.43	-	125.59	0.7	-2.71
Loss (Gain) From Sale of Investments	-	-	-4.34	-8.27	-13.06	-12.62
Provision & Write-off of Bad Debts	3.4	3.4	-3.28	3.85	3.21	3.74
Other Operating Activities	80.84	53	-2.76	21.9	25.12	16.06
Change in Accounts Receivable	-9.48	-9.48	29.44	54.58	-34.73	-42.04
Change in Inventory	54.02	54.02	42.83	-3.36	4.49	-13.16
Change in Accounts Payable	28.22	28.22	-113.9	-11.35	-29.43	-259.75
Operating Cash Flow	-29.68	-99.81	38.96	57.35	32.22	-174.73
Operating Cash Flow Growth	-	-	-32.07%	78.02%	-	-
Capital Expenditures	-28.26	-44.29	-153.58	-221.52	-54.15	-93.06
Sale of Property, Plant & Equipment	3.28	1.58	16.81	-	-	-
Investment in Securities	-	-	192	181	83.2	-189.2
Other Investing Activities	-	-	4.82	10.39	14.04	10.94
Investing Cash Flow	-24.97	-42.7	60.05	-30.13	43.09	-271.32
Long-Term Debt Issued	-	545	300	556.8	339	392
Long-Term Debt Repaid	-	-331.71	-392.27	-510	-367.43	-415.71
Net Debt Issued (Repaid)	142.27	213.29	-92.27	46.8	-28.43	-23.71
Common Dividends Paid	-14.75	-14	-13.75	-17.4	-14.81	-15.72
Other Financing Activities	17.53	13.55	25.28	2.91	49.72	143.98
Financing Cash Flow	145.06	212.84	-80.73	32.31	6.49	104.54
Foreign Exchange Rate Adjustments	-	-	-	0.02	-0	-0
Net Cash Flow	90.41	70.33	18.27	59.56	81.8	-341.51
Free Cash Flow	-57.93	-144.09	-114.62	-164.16	-21.93	-267.8
Free Cash Flow Margin	-12.87%	-15.80%	-10.60%	-14.92%	-1.78%	-23.05%
Free Cash Flow Per Share	-0.13	-0.21	-0.19	-0.23	-0.03	-0.39
Cash Income Tax Paid	34.2	32.93	43.83	-12.18	26.81	27.11
Levered Free Cash Flow	94.78	12.84	-220.86	-14.76	-6.08	-326.1
Unlevered Free Cash Flow	104.51	21.27	-212.25	-2.9	6.24	-312.19
Change in Working Capital	72.65	72.65	-41.31	39.01	-60.76	-315.09

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