SHE:001239 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	31.85	47.53	79.08	91.23	93.05	88.41
Depreciation & Amortization	88.79	88.79	48.45	39.96	38.89	34.17
Other Amortization	6.35	6.35	1.64	1.02	0.85	0.93
Loss (Gain) From Sale of Assets	-40.43	-40.43	-1	-1.1	-0.8	-0.56
Asset Writedown & Restructuring Costs	31.97	31.97	12.76	3.54	-0.56	0.75
Loss (Gain) From Sale of Investments	-8.1	-8.1	-8.07	-0.11	0.91	-2.27
Provision & Write-off of Bad Debts	-	-	-	-	-4.54	4.19
Other Operating Activities	120.54	92.61	21.46	15.33	16.62	18.95
Change in Accounts Receivable	11.79	11.79	-151.54	-315.95	-152.44	9.98
Change in Inventory	-186.01	-186.01	-26.44	-17.35	39.28	-97.83
Change in Accounts Payable	108.12	108.12	19.83	48.03	-68.45	11.07
Change in Other Net Operating Assets	-0.26	-0.26	-25.34	0.33	-0.42	0.16
Operating Cash Flow	138.87	126.63	-28.41	-128.71	-24.23	65.94
Operating Cash Flow Growth	211.42%	-	-	-	-	204.73%
Capital Expenditures	-27.68	-34.95	-43.41	-44.17	-46.02	-63.61
Sale of Property, Plant & Equipment	134.55	134.55	1.48	1.56	1.38	0.97
Cash Acquisitions	-111.37	-111.37	-299.68	-	-	-
Investment in Securities	-195.01	-154.65	-357.58	2.36	1.61	-2.76
Other Investing Activities	0.16	9.74	5.51	-	0.09	-
Investing Cash Flow	-199.35	-156.67	-693.67	-40.25	-42.94	-65.4
Long-Term Debt Issued	-	1,010	869.66	664.72	243.83	636.5
Long-Term Debt Repaid	-	-988.82	-539.92	-518.38	-169.37	-610.3
Net Debt Issued (Repaid)	-43.73	21.18	329.75	146.34	74.46	26.19
Issuance of Common Stock	-	-	-	666.4	-	7.15
Common Dividends Paid	-30.27	-28	-14.73	-14.6	-16.82	-24.04
Other Financing Activities	-	-	-12.88	-18.16	-	-
Financing Cash Flow	-74.01	-6.82	302.13	779.98	57.64	9.31
Foreign Exchange Rate Adjustments	1.52	3.49	-1.33	-	-	-
Net Cash Flow	-132.96	-33.38	-421.28	611.02	-9.53	9.85
Free Cash Flow	111.19	91.67	-71.82	-172.88	-70.25	2.33
Free Cash Flow Margin	5.47%	4.50%	-8.46%	-21.06%	-8.43%	0.23%
Free Cash Flow Per Share	0.46	0.38	-0.30	-0.96	-0.39	0.01
Cash Income Tax Paid	46.47	49.55	51.14	54.71	80.49	47.08
Levered Free Cash Flow	392.11	155.98	-773.03	-160.23	-90.78	-108.46
Unlevered Free Cash Flow	409.61	173.47	-763.73	-150.92	-79.91	-96.31
Change in Working Capital	-92.1	-92.1	-182.72	-278.57	-169.76	-78.64

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