SHE:000901 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	117.99	12.28	-145.74	26.3	33.19	-664.44
Depreciation & Amortization	369.97	369.97	334.83	338.05	347.13	298.98
Other Amortization	23.17	23.17	3.8	1.9	1.47	1.55
Loss (Gain) From Sale of Assets	-0.55	-0.55	-1.85	-1.61	-0.39	-0.09
Asset Writedown & Restructuring Costs	0.12	0.12	22.54	-0.05	0.22	572.83
Loss (Gain) From Sale of Investments	-10.33	-10.33	-6.4	-46.14	-12.27	-24.36
Provision & Write-off of Bad Debts	-0.76	-0.76	-8.27	10.14	14.67	23.16
Other Operating Activities	45.47	85.76	165.6	73.07	45.93	28.26
Change in Accounts Receivable	-27.85	-27.85	-185.81	-192.13	106.3	-229.69
Change in Inventory	132.95	132.95	-279.07	-424.03	-88.13	-88.76
Change in Accounts Payable	-201.67	-201.67	273.15	202.83	-156.88	61.03
Operating Cash Flow	467.66	402.23	163.96	-33.27	266.65	58.37
Operating Cash Flow Growth	10.11%	145.33%	-	-	356.86%	-82.17%
Capital Expenditures	-92.88	-160.88	-258.04	-308.04	-454.3	-374.74
Sale of Property, Plant & Equipment	6.04	0.69	4.97	1.27	0.12	0.09
Cash Acquisitions	-	-	-	-27.7	-	-
Divestitures	326.23	-	54.26	-	-	-
Investment in Securities	97.17	87.66	-	0.1	20	-79.93
Other Investing Activities	180.83	15.72	18.19	14.12	14.38	26.17
Investing Cash Flow	517.39	-56.81	-180.61	-320.26	-419.8	-428.41
Long-Term Debt Issued	-	1,663	1,654	1,283	1,243	1,058
Long-Term Debt Repaid	-	-1,871	-1,713	-1,032	-991.35	-1,224
Net Debt Issued (Repaid)	-453	-208.25	-59.71	250.84	251.19	-166.52
Issuance of Common Stock	-	-	-	-	-	861.46
Common Dividends Paid	-34.1	-52.44	-63.77	-57.31	-27.16	-33.6
Other Financing Activities	-86.51	-	-	-15.05	30.32	0.04
Financing Cash Flow	-573.6	-260.7	-123.48	178.48	254.35	661.38
Foreign Exchange Rate Adjustments	1.97	-10.09	11.66	16.05	-41.31	11.99
Net Cash Flow	413.41	74.64	-128.47	-159.01	59.89	303.33
Free Cash Flow	374.78	241.36	-94.08	-341.32	-187.65	-316.37
Free Cash Flow Growth	78.32%	-	-	-	-	-
Free Cash Flow Margin	6.25%	3.50%	-1.38%	-5.95%	-3.21%	-5.91%
Free Cash Flow Per Share	0.47	0.30	-0.12	-0.43	-0.23	-0.40
Cash Income Tax Paid	112.67	164.05	161.15	149.04	89.17	40.19
Levered Free Cash Flow	760.49	479.31	69.99	-266.2	-140.66	-113.79
Unlevered Free Cash Flow	796.4	525.68	115.08	-246.28	-123.54	-102.1
Change in Working Capital	-77.42	-77.42	-200.55	-434.94	-163.3	-177.53

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.