SHE:000889 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	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-25.22	-26.47	-35.43	-125.3	-79.12	-2,005
Depreciation & Amortization	17.91	17.91	23.78	17.59	18.35	32.05
Other Amortization	2.73	2.73	0.66	7.66	8.31	14.96
Loss (Gain) From Sale of Assets	-	-	-	-	-0.02	-0.47
Asset Writedown & Restructuring Costs	-	-	0.15	0.58	18.91	410.2
Loss (Gain) From Sale of Investments	-	-	-	-	-	1,522
Provision & Write-off of Bad Debts	2.64	2.64	1.97	3.28	10.6	14.79
Other Operating Activities	-37.38	2.21	0.6	-3.93	4.88	24.54
Change in Accounts Receivable	2.05	2.05	-96.22	30.54	2.61	-30.2
Change in Inventory	14	14	-4.29	11.75	3.11	-24.21
Change in Accounts Payable	27.3	27.3	53.58	6.23	-19.45	-51.17
Change in Other Net Operating Assets	-	-	-	-	0.29	-
Operating Cash Flow	2.07	40.41	-56.51	-47.6	-15.11	-95.33
Operating Cash Flow Growth	-65.79%	-	-	-	-	-
Capital Expenditures	-8.28	-9.98	-11.13	-36.39	-11.15	-19.53
Sale of Property, Plant & Equipment	0.86	0.6	0.07	0.49	0.66	5.01
Cash Acquisitions	-	-	-	-	-	-33.46
Divestitures	-	-	-	-	-	-49.26
Other Investing Activities	-	-	-	-	-	16.49
Investing Cash Flow	-7.42	-9.38	-11.06	-35.9	-10.49	-80.75
Short-Term Debt Issued	-	0.3	-	-	-	-
Long-Term Debt Issued	-	161.01	59.44	50	127.56	190
Total Debt Issued	171.31	161.31	59.44	50	127.56	190
Long-Term Debt Repaid	-	-110.67	-74.14	-89.33	-211.12	-319.2
Total Debt Repaid	-111.17	-110.67	-74.14	-89.33	-211.12	-319.2
Net Debt Issued (Repaid)	60.13	50.63	-14.7	-39.33	-83.56	-129.2
Issuance of Common Stock	-	-	-	-	0.65	-
Common Dividends Paid	-3.4	-3.04	-	-2.83	-6.07	-29.11
Other Financing Activities	1	-	-2.39	-	-	-
Financing Cash Flow	57.73	47.59	-17.09	-42.17	-88.97	-158.3
Net Cash Flow	52.37	78.63	-84.66	-125.67	-114.57	-334.39
Free Cash Flow	-6.21	30.44	-67.64	-84	-26.26	-114.86
Free Cash Flow Margin	-0.39%	1.91%	-4.62%	-5.88%	-1.73%	-5.89%
Free Cash Flow Per Share	-0.01	0.03	-0.07	-0.09	-0.03	-0.12
Cash Interest Paid	-	-	2.39	-	-	-
Cash Income Tax Paid	29.54	26.02	13.9	17.37	11.17	41.97
Levered Free Cash Flow	6.3	35.7	-57.2	-244.71	-39.14	270.81
Unlevered Free Cash Flow	8.18	37.58	-55.71	-243.4	-36	286.74
Change in Working Capital	41.39	41.39	-48.25	52.51	2.97	-108.96

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