SHE:001328 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	179.12	161.18	141.3	134.61	118.86	95.24
Depreciation & Amortization	19.78	19.78	12.53	10.28	10.87	10.9
Other Amortization	1.27	1.27	-	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-0.61	-	0.01
Asset Writedown & Restructuring Costs	5.25	5.25	3.08	5.19	7.59	4
Loss (Gain) From Sale of Investments	-22.84	-22.84	-12.71	-3.16	-0.64	-7.64
Other Operating Activities	-6.49	-5.32	-6.8	-10.69	-19.14	-9
Change in Accounts Receivable	19.13	19.13	14.84	-32.36	3.83	9.26
Change in Inventory	-32.51	-32.51	5.01	-36.16	-31.47	-3.12
Change in Accounts Payable	50.77	50.77	-11.19	9.37	-20.3	38.67
Operating Cash Flow	197.84	181.07	150.78	83.51	72.88	134.67
Operating Cash Flow Growth	-8.30%	20.09%	80.55%	14.59%	-45.88%	137.85%
Capital Expenditures	-39.31	-46.73	-44.11	-55.53	-23.6	-4.47
Sale of Property, Plant & Equipment	-	-	0.07	1.55	0.12	0.09
Investment in Securities	85.15	60.15	-674.26	157.07	162.05	-285.11
Other Investing Activities	-175.42	27.28	1.72	3.86	8.49	131.61
Investing Cash Flow	-129.58	40.7	-716.58	106.95	147.05	-157.88
Long-Term Debt Repaid	-	-	-	-0.05	-0.05	-
Net Debt Issued (Repaid)	-	-	-	-0.05	-0.05	-
Issuance of Common Stock	-	-	840.7	-	34.01	32.69
Common Dividends Paid	-129.13	-111.91	-103.3	-100.72	-152.26	-48.74
Other Financing Activities	-	-	-12.04	-2.64	2	-0
Financing Cash Flow	-129.13	-111.91	725.36	-103.41	-116.31	-16.05
Net Cash Flow	-60.87	109.86	159.56	87.05	103.63	-39.26
Free Cash Flow	158.54	134.34	106.67	27.98	49.28	130.2
Free Cash Flow Growth	2.10%	25.94%	281.18%	-43.22%	-62.15%	151.16%
Free Cash Flow Margin	9.13%	8.61%	7.75%	2.13%	4.31%	12.65%
Free Cash Flow Per Share	0.93	0.78	0.66	0.22	0.38	1.08
Cash Income Tax Paid	160.07	96.94	70.22	103.27	80.63	64.78
Levered Free Cash Flow	127.25	108.37	66.27	-13.56	47.35	450.52
Unlevered Free Cash Flow	127.82	109.12	67.16	-12.39	48.6	451.83
Change in Working Capital	21.74	21.74	13.39	-52.1	-44.67	41.16

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