SHE:001316 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	182.21	88.52	92.36	79.18	129.28
Depreciation & Amortization	10.34	9.28	7.53	6.06	6.46
Other Amortization	3.13	3.31	1.34	1.76	1.33
Loss (Gain) From Sale of Assets	-0.54	0.01	-0.1	0	-0.07
Asset Writedown & Restructuring Costs	16.94	22.08	7.89	-5.49	-16.17
Loss (Gain) From Sale of Investments	-5	-5.24	-2.24	-2.05	-2.02
Other Operating Activities	3.16	2.62	-5.68	-8.23	0.48
Change in Accounts Receivable	-97.02	-45.55	-43.19	15.04	-27.08
Change in Inventory	78.32	-79.99	-65.05	-45.74	-23.84
Change in Accounts Payable	21.88	36.44	6.8	-35.63	-23.44
Change in Other Net Operating Assets	6.17	18.56	11.82	-	0.43
Operating Cash Flow	221.28	46.31	4.61	9.21	45.86
Operating Cash Flow Growth	377.80%	904.22%	-49.95%	-79.91%	-65.58%
Capital Expenditures	-14.4	-34.09	-41.72	-48.34	-21.36
Sale of Property, Plant & Equipment	11.66	-	0.02	-	0.04
Cash Acquisitions	-	-	-6.64	-	-
Investment in Securities	-	-44.18	120.74	-120.79	-
Other Investing Activities	-421.94	-2.49	2.65	1.73	2.02
Investing Cash Flow	-424.67	-80.76	75.04	-167.4	-19.3
Short-Term Debt Issued	-	48.32	-	-	-
Long-Term Debt Issued	150.87	-	-	-	-
Total Debt Issued	150.87	48.32	-	-	-
Short-Term Debt Repaid	-	-	-	-	-24.78
Long-Term Debt Repaid	-134.8	-13.68	-7.17	-4.73	-4.84
Total Debt Repaid	-134.8	-13.68	-7.17	-4.73	-29.62
Net Debt Issued (Repaid)	16.07	34.65	-7.17	-4.73	-29.62
Issuance of Common Stock	-	4.41	40.74	503.44	-
Repurchase of Common Stock	-	-3.5	-	-	-
Common Dividends Paid	-70.34	-53.2	-50.03	-	-0.77
Other Financing Activities	-5.77	-6.79	-3.22	-26.2	-4
Financing Cash Flow	-60.04	-24.43	-19.68	472.51	-34.38
Foreign Exchange Rate Adjustments	-4.43	2.34	8.08	13.48	-1.9
Net Cash Flow	-267.87	-56.54	68.06	327.81	-9.72
Free Cash Flow	206.88	12.22	-37.11	-39.13	24.5
Free Cash Flow Growth	1592.36%	-	-	-	-81.33%
Free Cash Flow Margin	17.00%	1.34%	-4.49%	-6.96%	3.52%
Free Cash Flow Per Share	1.81	0.11	-0.33	-0.40	0.29
Cash Income Tax Paid	96.53	30.46	15.42	25.1	37.64
Levered Free Cash Flow	-	3.2	-74.33	-57.12	-6.79
Unlevered Free Cash Flow	-	3.6	-74.17	-56.96	-6.46
Change in Working Capital	11.04	-74.28	-96.49	-62.01	-73.44

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