SHE:000895 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	5,105	4,989	5,053	5,621	4,866
Depreciation & Amortization	1,602	1,656	1,534	1,272	1,022
Other Amortization	27.13	25.89	28.12	22.06	24.77
Loss (Gain) From Sale of Assets	-22.3	11.82	0.8	-124.47	11.06
Asset Writedown & Restructuring Costs	20.3	18.45	56.83	286.11	1,305
Loss (Gain) From Sale of Investments	8.61	18.92	-132.03	-109.99	-196.39
Provision & Write-off of Bad Debts	-4.69	0.11	-2.09	-	-
Other Operating Activities	173.3	26.9	311.07	-108.06	-1,149
Change in Accounts Receivable	-272.44	89.06	-117.94	119.63	-120.39
Change in Inventory	1,345	1,458	-2,225	-292.53	723.14
Change in Accounts Payable	-193.72	74.07	-1,220	1,207	-677.47
Change in Other Net Operating Assets	-399.1	44.16	52.49	-251.08	90.28
Operating Cash Flow	7,352	8,416	3,388	7,565	6,034
Operating Cash Flow Growth	-12.63%	148.42%	-55.22%	25.38%	-31.60%
Capital Expenditures	-900.18	-1,388	-2,412	-3,549	-3,933
Sale of Property, Plant & Equipment	134.19	47.44	22.27	165.07	14.57
Cash Acquisitions	-	-	-	-58.46	-
Investment in Securities	-4,944	-28.95	-946.67	-148.22	3,127
Other Investing Activities	162.32	211.99	157.92	102.32	199.53
Investing Cash Flow	-5,548	-1,157	-3,178	-3,488	-592.35
Long-Term Debt Issued	26,803	27,613	76,644	18,003	17,751
Long-Term Debt Repaid	-24,601	-26,731	-73,402	-17,630	-17,692
Net Debt Issued (Repaid)	2,202	882.88	3,241	373.44	59.34
Common Dividends Paid	-4,991	-4,872	-6,282	-6,731	-5,960
Other Financing Activities	-70.45	-189.7	-104.93	-57.78	-100.9
Financing Cash Flow	-2,860	-4,178	-3,146	-6,415	-6,002
Foreign Exchange Rate Adjustments	2.87	9.81	3.85	0.71	3.85
Net Cash Flow	-1,052	3,090	-2,932	-2,337	-556.39
Free Cash Flow	6,452	7,028	976.05	4,016	2,101
Free Cash Flow Growth	-8.20%	620.07%	-75.70%	91.20%	-72.59%
Free Cash Flow Margin	10.85%	11.77%	1.62%	6.40%	3.15%
Free Cash Flow Per Share	1.86	2.03	0.28	1.16	0.61
Cash Interest Paid	2	6.67	33.34	39.01	26.22
Cash Income Tax Paid	5,451	5,530	5,418	5,291	6,128
Levered Free Cash Flow	5,550	6,589	-2,450	4,555	1,315
Unlevered Free Cash Flow	5,644	6,709	-2,309	4,657	1,412
Change in Working Capital	442.09	1,673	-3,463	706.74	149.84

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