SHE:000995 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-2.06	27.7	-15.01	7.36	-13.55	33.48
Depreciation & Amortization	12.61	12.61	12.54	13.53	13.85	13.3
Other Amortization	0.83	0.83	0.63	0.54	0.44	0.44
Loss (Gain) From Sale of Assets	0.02	0.02	-	0	-	-
Asset Writedown & Restructuring Costs	-	-	-	0.01	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-	-18.27
Provision & Write-off of Bad Debts	-0.57	-0.57	0.59	0.49	-0.37	0.57
Other Operating Activities	26.8	11.27	9.41	11.57	10.23	10
Change in Accounts Receivable	1.85	1.85	-6.36	-0.38	7.99	-9.42
Change in Inventory	4.48	4.48	-11.77	-24.47	-29.04	-9.7
Change in Accounts Payable	-28.5	-28.5	15.84	2.43	8.35	-21.37
Operating Cash Flow	15.61	29.84	6.28	10.99	-2.06	-0.99
Operating Cash Flow Growth	177.27%	375.06%	-42.82%	-	-	-
Capital Expenditures	-0.59	-1.6	-2.35	-4.17	-3.87	-2.5
Sale of Property, Plant & Equipment	-	0.01	-	-	-	-
Cash Acquisitions	-	-	-	-	-	-0.1
Investment in Securities	-	-	-	-1	-	-
Investing Cash Flow	-0.59	-1.59	-2.35	-5.17	-3.87	-2.6
Short-Term Debt Issued	-	-	-	-	17	36.21
Long-Term Debt Issued	-	5	-	55	10	-
Total Debt Issued	-	5	-	55	27	36.21
Long-Term Debt Repaid	-	-4.1	-2.09	-50	-14.82	-44.15
Total Debt Repaid	-7.1	-4.1	-2.09	-50	-14.82	-44.15
Net Debt Issued (Repaid)	-7.1	0.9	-2.09	5	12.18	-7.94
Common Dividends Paid	-3.13	-3	-2.89	-2.93	-3.45	-2.87
Other Financing Activities	-	-0.01	-	1.12	-	-
Financing Cash Flow	-10.23	-2.11	-4.98	3.19	8.73	-10.81
Net Cash Flow	4.79	26.14	-1.05	9.01	2.79	-14.4
Free Cash Flow	15.02	28.24	3.93	6.82	-5.93	-3.49
Free Cash Flow Growth	314.41%	618.53%	-42.37%	-	-	-
Free Cash Flow Margin	10.29%	16.38%	2.55%	5.00%	-6.51%	-3.43%
Free Cash Flow Per Share	0.09	0.16	0.02	0.04	-0.04	-0.02
Cash Income Tax Paid	54.53	45.37	43.69	24.44	18.87	22.75
Levered Free Cash Flow	-7.35	8.07	6.39	10.87	-19.13	-31.37
Unlevered Free Cash Flow	-3.01	12.06	10.25	14.86	-15.24	-26.02
Change in Working Capital	-22.01	-22.01	-1.88	-22.51	-12.66	-40.52

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