SHE:001299 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	87.3	81.81	94.22	101.5
Depreciation & Amortization	24.95	24.8	24.8	23.6
Other Amortization	0.76	-	-	-
Loss (Gain) on Sale of Assets	-1.8	-	-	-0
Loss (Gain) on Sale of Investments	-22.78	-21.06	-11.87	-21.35
Asset Writedown	0.28	0.12	0	1.64
Change in Accounts Receivable	9.4	-23.97	-8.07	-6.04
Change in Inventory	0.66	-1.86	6.4	3.26
Change in Accounts Payable	-5.57	27.74	31.99	9.8
Change in Other Net Operating Assets	6.24	-	-	-
Other Operating Activities	-0.78	-0.21	-0.04	0.1
Operating Cash Flow	99.76	91.71	138.18	112.25
Operating Cash Flow Growth	8.78%	-33.63%	23.10%	-11.16%
Capital Expenditures	-73.86	-34.41	-27.47	-39.01
Sale of Property, Plant & Equipment	9.51	0	-	0
Investment in Securities	-539.26	262.61	-104.15	-32.87
Other Investing Activities	18.63	12.85	10.26	3.34
Investing Cash Flow	-584.98	241.05	-121.36	-68.53
Long-Term Debt Repaid	-2.08	-1.63	-1.21	-1.59
Net Debt Issued (Repaid)	-2.08	-1.63	-1.21	-1.59
Issuance of Common Stock	-	-	469.91	-
Repurchase of Common Stock	-46.32	-	-	-
Common Dividends Paid	-56.02	-	-	-
Other Financing Activities	-	-1	-12.05	2.4
Financing Cash Flow	-104.42	-2.63	456.65	0.81
Net Cash Flow	-589.64	330.13	473.47	44.53
Free Cash Flow	25.9	57.3	110.71	73.24
Free Cash Flow Growth	-54.80%	-48.24%	51.15%	-12.87%
Free Cash Flow Margin	3.89%	9.95%	20.13%	15.28%
Free Cash Flow Per Share	0.11	0.24	0.57	0.40
Cash Income Tax Paid	32.31	37.04	35.56	35.79
Levered Free Cash Flow	18.48	52.34	91.74	48.44
Unlevered Free Cash Flow	18.67	52.42	91.85	48.55
Change in Working Capital	10.15	1.98	29.87	6.78

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