SHE:000908 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	156.56	152.3	-236.1	-122.56	-163.66	-1,069
Depreciation & Amortization	28.37	28.37	44.46	55.41	107.47	81.45
Other Amortization	0.82	0.82	2.54	4.98	16.19	31.88
Loss (Gain) From Sale of Assets	3.36	3.36	-7.56	-5.3	-55.89	0.18
Asset Writedown & Restructuring Costs	19.03	19.03	83.76	39.56	42.79	380.07
Loss (Gain) From Sale of Investments	-264.31	-264.31	-4.1	4.09	-238.62	-42.18
Provision & Write-off of Bad Debts	-6.08	-6.08	-2.82	14.84	20.05	144.39
Other Operating Activities	51.1	48.02	36.87	59.74	73.56	42.85
Change in Accounts Receivable	10.95	10.95	37.39	54.92	254.92	274.02
Change in Inventory	40.35	40.35	37.69	37.28	69.37	82.36
Change in Accounts Payable	-41.49	-41.49	21.78	-14.3	-39.53	-191.91
Operating Cash Flow	1.78	-5.55	35.06	123.27	123.83	-271.68
Operating Cash Flow Growth	-90.49%	-	-71.55%	-0.46%	-	-
Capital Expenditures	-1.48	-1.38	-10.42	-13.52	-38.12	-96.04
Sale of Property, Plant & Equipment	67.45	65.87	7.51	118.33	12.01	1.98
Cash Acquisitions	-	-	-	-	0.39	-29.56
Divestitures	-0.51	-	-	63.6	253.01	463.74
Investment in Securities	-30.73	-	5.06	53.31	12.06	100
Other Investing Activities	93.87	-	-11.52	-	33.31	2.59
Investing Cash Flow	128.6	64.49	-9.37	221.73	272.66	442.72
Short-Term Debt Issued	-	-	-	-	4.76	29
Long-Term Debt Issued	-	25.9	158	184.28	307.93	1,006
Total Debt Issued	6.8	25.9	158	184.28	312.69	1,035
Long-Term Debt Repaid	-	-24.13	-177.55	-481.49	-674.44	-1,359
Net Debt Issued (Repaid)	-139.75	1.77	-19.55	-297.21	-361.74	-324.05
Issuance of Common Stock	-	-	-	0.67	18.01	-
Common Dividends Paid	-13.43	-13.4	-23.61	-39.63	-91.49	-89.25
Other Financing Activities	23.7	0.91	-149.81	-	47.96	-1.42
Financing Cash Flow	-129.65	-10.72	-192.98	-336.17	-387.26	-414.72
Foreign Exchange Rate Adjustments	-0.08	0.03	-0.09	0.15	-0.06	-2.03
Net Cash Flow	0.65	48.25	-167.37	8.98	9.17	-245.71
Free Cash Flow	0.3	-6.93	24.64	109.75	85.72	-367.72
Free Cash Flow Growth	-97.87%	-	-77.55%	28.04%	-	-
Free Cash Flow Margin	0.08%	-1.67%	3.75%	13.05%	10.57%	-41.89%
Free Cash Flow Per Share	-	-0.01	0.03	0.13	0.10	-0.42
Cash Income Tax Paid	56.02	41.71	93.31	71.46	91.44	94.84
Levered Free Cash Flow	-126.96	-43.74	110.2	187.98	156.56	-70.07
Unlevered Free Cash Flow	-108.85	-18.53	136.38	220.62	210.21	-3.87
Change in Working Capital	12.94	12.94	118	72.52	321.94	158.18

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