SHE:001248 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,373	6,102	7,953	8,280	6,296	6,451
Depreciation & Amortization	9,424	8,959	7,849	6,374	5,526	4,860
Other Operating Activities	4,902	4,945	-82.92	-932.38	4,487	-460.94
Operating Cash Flow	20,618	20,006	15,720	13,722	16,309	10,850
Operating Cash Flow Growth	50.25%	27.27%	14.56%	-15.86%	50.32%	-
Capital Expenditures	-33,715	-34,352	-34,570	-26,893	-24,292	-16,648
Sale of Property, Plant & Equipment	149.1	126.79	175.64	296.2	39.43	36.04
Cash Acquisitions	-268.23	-268.23	-	-1,702	-	-
Divestitures	29.9	75.07	-	609.58	95.74	-
Investment in Securities	-279.31	-286.02	-185.3	-342.67	-493.22	-279.67
Other Investing Activities	60.51	75.69	185.69	354.12	3,123	6,642
Investing Cash Flow	-34,023	-34,628	-34,394	-27,678	-21,527	-10,250
Long-Term Debt Issued	-	48,060	33,779	26,858	19,512	10,512
Long-Term Debt Repaid	-	-25,204	-12,362	-10,866	-5,841	-5,144
Net Debt Issued (Repaid)	22,515	22,855	21,417	15,991	13,672	5,367
Issuance of Common Stock	-	-	-	1.65	8,220	271.37
Common Dividends Paid	-2,468	-2,350	-2,144	-1,594	-3,812	-5,278
Other Financing Activities	-3,039	-2,885	-2,147	-1,726	-10,450	159.74
Financing Cash Flow	17,009	17,620	17,126	12,673	7,629	520.66
Foreign Exchange Rate Adjustments	11.51	6.63	-0.12	0.04	0.46	-0.81
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	3,615	3,005	-1,549	-1,283	2,412	1,120
Free Cash Flow	-13,097	-14,346	-18,851	-13,171	-7,982	-5,798
Free Cash Flow Margin	-57.62%	-62.62%	-82.41%	-64.21%	-43.86%	-33.84%
Free Cash Flow Per Share	-1.20	-1.32	-1.73	-1.21	-1.89	-2.90
Cash Income Tax Paid	3,251	3,195	2,952	2,244	1,633	1,197
Levered Free Cash Flow	-	-19,182	-22,071	-18,652	-51,456	-
Unlevered Free Cash Flow	-	-17,992	-20,913	-17,679	-49,921	-