SHE:000829 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	14.27	11.13	31.18	83.66	110.92	206.82
Depreciation & Amortization	91.01	91.01	83.55	119.71	134.9	135.22
Other Amortization	13.73	13.73	20.21	7.96	9.91	12.06
Loss (Gain) From Sale of Assets	-1.36	-1.36	-0.09	0.12	-0.28	0.06
Asset Writedown & Restructuring Costs	21.25	21.25	0.18	0.38	5.57	46.11
Loss (Gain) From Sale of Investments	-4	-4	-13.5	43.94	1.07	7.06
Provision & Write-off of Bad Debts	-	-	8.22	-8.42	69.78	8.5
Other Operating Activities	-1,963	374.13	531.92	591.54	467.98	244.32
Change in Accounts Receivable	205.72	205.72	-1,877	981.13	-2,588	-1,074
Change in Inventory	-4,075	-4,075	804.06	70.22	-1,399	-1,471
Change in Accounts Payable	3,850	3,850	84.49	1,876	-631.36	-1,552
Operating Cash Flow	-1,844	489.83	-303.65	3,882	-3,811	-3,379
Capital Expenditures	-300.42	-257.28	-336.35	-365.97	-508.39	-934.76
Sale of Property, Plant & Equipment	1.5	1.49	0.19	0.7	0	0.03
Cash Acquisitions	-0.74	-	-	-	-	-
Investment in Securities	-38.13	-38.13	-9.5	-488.05	-384.46	-39.1
Other Investing Activities	9.17	14.97	33.17	212.88	9.62	2.34
Investing Cash Flow	-328.62	-278.95	-312.49	-640.44	-883.23	-971.5
Long-Term Debt Issued	-	29,502	24,899	22,874	18,437	13,083
Long-Term Debt Repaid	-	-28,480	-24,302	-25,222	-14,281	-7,815
Net Debt Issued (Repaid)	3,543	1,021	597.32	-2,348	4,155	5,269
Issuance of Common Stock	-	-	-	-	-	3.24
Common Dividends Paid	-384.33	-399.58	-538.05	-499.57	-461.38	-275.67
Other Financing Activities	-16.43	-18.33	-0.29	-13.36	-13.25	-
Financing Cash Flow	3,143	603.33	58.99	-2,861	3,681	4,997
Foreign Exchange Rate Adjustments	-25.72	-17.25	18.91	11.15	17.55	-3.81
Net Cash Flow	944.25	796.95	-538.25	392.23	-995.72	641.94
Free Cash Flow	-2,144	232.55	-640.01	3,516	-4,319	-4,314
Free Cash Flow Margin	-2.20%	0.26%	-0.76%	3.71%	-5.65%	-6.08%
Free Cash Flow Per Share	-2.09	0.23	-0.62	3.43	-4.21	-4.17
Cash Income Tax Paid	168.37	198.29	255.06	294.99	289.31	297.28
Levered Free Cash Flow	-1,388	-	-1,914	3,552	-5,186	-4,604
Unlevered Free Cash Flow	-1,388	-	-1,524	3,963	-4,831	-4,386
Change in Working Capital	-16.06	-16.06	-965.32	3,043	-4,611	-4,039

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