SHE:000999 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	3,368	2,853	2,449	2,055
Depreciation & Amortization	723.19	786.67	522.66	478.75
Other Amortization	177.07	67.11	48.75	45.84
Loss (Gain) From Sale of Assets	-31.43	-0.81	-2.28	-0.85
Asset Writedown & Restructuring Costs	19.72	88.97	99.81	52.33
Loss (Gain) From Sale of Investments	5.08	28.63	-2.58	-5.04
Provision & Write-off of Bad Debts	82.87	55.04	5.53	13.63
Other Operating Activities	564.05	467.94	102.6	200.43
Change in Accounts Receivable	-1,243	633.69	-71.84	-674.74
Change in Inventory	67.83	-966.01	-59.69	-652.26
Change in Accounts Payable	682.7	315.29	-21.86	458.43
Operating Cash Flow	4,402	4,192	3,006	1,885
Operating Cash Flow Growth	5.02%	39.43%	59.52%	-15.26%
Capital Expenditures	-790.07	-857.21	-951.57	-872.6
Sale of Property, Plant & Equipment	5.17	26.43	1.78	4.56
Cash Acquisitions	-	953.63	-11.76	-120.63
Divestitures	-	4.25	-	-
Investment in Securities	-424.16	-953.36	-1,584	-870.37
Other Investing Activities	78.65	32.77	66.4	66.74
Investing Cash Flow	-1,130	-793.5	-2,479	-1,792
Long-Term Debt Issued	1,007	3,578	593.69	97.97
Total Debt Issued	1,007	3,578	593.69	97.97
Short-Term Debt Repaid	-4.2	-17.05	-1.45	-3.1
Long-Term Debt Repaid	-2,771	-1,930	-520.27	-105.43
Total Debt Repaid	-2,775	-1,947	-521.72	-108.53
Net Debt Issued (Repaid)	-1,768	1,631	71.98	-10.56
Issuance of Common Stock	10	-	150.6	10.18
Repurchase of Common Stock	-2.21	-	-	-
Common Dividends Paid	-2,834	-1,056	-855.78	-505.66
Other Financing Activities	-33.92	-124.98	57.75	-162.98
Financing Cash Flow	-4,629	450.42	-575.45	-669.02
Foreign Exchange Rate Adjustments	2.88	5.01	6.35	-2.31
Net Cash Flow	-1,354	3,854	-41.93	-578.98
Free Cash Flow	3,612	3,335	2,055	1,012
Free Cash Flow Growth	8.33%	62.28%	103.03%	-36.83%
Free Cash Flow Margin	13.08%	13.48%	11.37%	6.51%
Free Cash Flow Per Share	2.17	2.00	1.23	0.61
Cash Income Tax Paid	2,701	2,762	1,839	1,919
Levered Free Cash Flow	2,540	149.87	1,534	73.83
Unlevered Free Cash Flow	2,590	200.36	1,547	82.7
Change in Working Capital	-506.25	-154.74	-216.92	-955.53

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