SHE:000839 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	-219.19	-77.79	-91.02	-1,388	-1,476	-2,635
Depreciation & Amortization	104.54	104.54	114.51	156.41	221.06	341.2
Other Amortization	29.33	29.33	25.88	28.35	35.31	35.86
Loss (Gain) From Sale of Assets	-0.72	-0.72	-41.15	-6.38	46.79	-2.53
Asset Writedown & Restructuring Costs	0.17	0.17	0.13	54.04	398.36	852.59
Loss (Gain) From Sale of Investments	-68.79	-68.79	72.44	149.15	454.36	1,470
Provision & Write-off of Bad Debts	5.45	5.45	-1.8	16.28	34.52	29.07
Other Operating Activities	794.44	305.94	150.25	471.84	332.69	-61.04
Change in Accounts Receivable	-3.91	-3.91	-67.36	28.38	-199.01	-679.99
Change in Inventory	143.91	143.91	-149.09	138.51	-126.43	-237.8
Change in Accounts Payable	-585.86	-585.86	-188.57	85.13	256.94	862.36
Operating Cash Flow	201.2	-145.89	-164.56	-294.49	-74.05	-188.93
Capital Expenditures	-17.84	-33.66	-28.41	-97.77	-13.49	-181.87
Sale of Property, Plant & Equipment	0.14	0.27	43.78	0.98	1.97	10.33
Divestitures	-	-	7.1	57.94	-	3.9
Investment in Securities	131.58	12.14	73.87	473.98	1,397	1,424
Other Investing Activities	27.64	47.27	85.26	267.69	-144.02	58.29
Investing Cash Flow	141.52	26.02	181.59	702.82	1,241	1,314
Long-Term Debt Issued	-	1,553	631.19	670.51	793.37	1,724
Long-Term Debt Repaid	-	-1,314	-636.74	-1,044	-2,105	-2,233
Net Debt Issued (Repaid)	-248.22	239.38	-5.55	-373.1	-1,312	-509.18
Common Dividends Paid	-92.93	-70.49	-38.89	-95.13	-181.33	-282.04
Other Financing Activities	-15.79	-0.52	-8	-10.5	-7.98	-17.91
Financing Cash Flow	-356.95	168.36	-52.44	-478.73	-1,501	-809.12
Foreign Exchange Rate Adjustments	0.01	0.01	-0.03	0.08	-0.11	-0.19
Net Cash Flow	-14.22	48.51	-35.43	-70.32	-333.95	316.21
Free Cash Flow	183.37	-179.55	-192.97	-392.26	-87.53	-370.79
Free Cash Flow Margin	5.64%	-5.29%	-6.47%	-14.49%	-3.29%	-15.72%
Free Cash Flow Per Share	0.05	-0.05	-0.05	-0.10	-0.02	-0.10
Cash Income Tax Paid	303.31	310.91	335.22	510.43	253.42	188.63
Levered Free Cash Flow	445.86	-300.59	-219.87	-549.15	639.15	-455.55
Unlevered Free Cash Flow	509.4	-235.14	-130.61	-461.66	754.73	-314.11
Change in Working Capital	-444.02	-444.02	-393.79	223.5	-121.45	-219.15

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