SHE:000860 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-73.91	231.17	-295.6	-673.23	102.3	420.01
Depreciation & Amortization	351.39	351.39	337.07	305.39	290.06	245.06
Other Amortization	7.98	7.98	24.91	29.54	29.37	8.99
Loss (Gain) From Sale of Assets	-0.04	-0.04	-	-	-0	0.08
Asset Writedown & Restructuring Costs	61.14	61.14	68.41	8.96	3.96	4.64
Loss (Gain) From Sale of Investments	-3.4	-3.4	-289.02	-1.74	-8.11	-1.74
Provision & Write-off of Bad Debts	22.18	22.18	2.07	0.7	-0.99	-0.16
Other Operating Activities	568.17	174.55	308.59	853.2	334.62	441.98
Change in Accounts Receivable	-265.61	-265.61	47.67	317.51	27.73	154.85
Change in Inventory	-98.18	-98.18	1,255	-883.75	790.46	727.11
Change in Accounts Payable	-363.59	-363.59	-2,312	1,485	-2,033	-400.03
Operating Cash Flow	200.2	111.67	-738.18	1,450	-348.68	1,546
Operating Cash Flow Growth	-45.54%	-	-	-	-	18.47%
Capital Expenditures	-66.84	-73.1	-153.14	-144.35	-119.9	-168.75
Sale of Property, Plant & Equipment	0.04	0.08	-	0.01	0.05	5.79
Cash Acquisitions	-	-	-	-17.49	-	-
Divestitures	-	-	1,850	-	-	-
Investment in Securities	-	-	-	-	0.76	-
Other Investing Activities	3.4	3.4	12.3	1.74	-	1.74
Investing Cash Flow	-63.41	-69.62	1,709	-160.09	-119.09	-161.21
Long-Term Debt Issued	-	3,378	4,022	4,169	4,400	5,822
Long-Term Debt Repaid	-	-3,609	-5,946	-4,327	-4,786	-6,114
Net Debt Issued (Repaid)	-270.46	-231.42	-1,924	-158.68	-386.94	-291.72
Common Dividends Paid	-236.44	-129.95	-205.8	-260.94	-319.09	-438.18
Other Financing Activities	-3.38	-0.44	-2.44	-2.21	-13.1	11.02
Financing Cash Flow	-510.27	-361.8	-2,132	-421.83	-719.13	-718.88
Net Cash Flow	-373.48	-319.76	-1,161	867.64	-1,187	665.45
Free Cash Flow	133.36	38.57	-891.32	1,305	-468.58	1,377
Free Cash Flow Growth	-54.91%	-	-	-	-	17.11%
Free Cash Flow Margin	1.74%	0.42%	-8.42%	11.18%	-3.15%	8.88%
Free Cash Flow Per Share	0.18	0.05	-1.20	1.76	-0.63	1.86
Cash Income Tax Paid	1,365	1,662	1,871	2,248	2,626	2,439
Levered Free Cash Flow	14.93	-185.52	1,141	1,607	-93.24	1,625
Unlevered Free Cash Flow	86.52	-105.42	1,271	1,753	70.65	1,808
Change in Working Capital	-733.3	-733.3	-894.61	926.74	-1,100	426.69

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