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 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	189.71	181.08	161.18	141.3	134.61	118.86
Depreciation & Amortization	20.31	20.31	21.05	12.53	10.28	10.87
Other Amortization	1.54	1.54	-	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	-0.61	-
Asset Writedown & Restructuring Costs	3.07	3.07	5.25	3.08	5.19	7.59
Loss (Gain) From Sale of Investments	-18.16	-18.16	-22.84	-12.71	-3.16	-0.64
Other Operating Activities	-29.34	-9.58	-5.32	-6.8	-10.69	-19.14
Change in Accounts Receivable	-10.13	-10.13	19.13	14.84	-32.36	3.83
Change in Inventory	41.92	41.92	-32.51	5.01	-36.16	-31.47
Change in Accounts Payable	8.17	8.17	50.77	-11.19	9.37	-20.3
Operating Cash Flow	203.29	214.41	181.07	150.78	83.51	72.88
Operating Cash Flow Growth	2.62%	18.41%	20.09%	80.55%	14.59%	-45.88%
Capital Expenditures	-30.82	-48.89	-46.73	-44.11	-55.53	-23.6
Sale of Property, Plant & Equipment	-	-	-	0.07	1.55	0.12
Investment in Securities	-309	-266	60.15	-674.26	157.07	162.05
Other Investing Activities	86.3	19.69	27.28	1.72	3.86	8.49
Investing Cash Flow	-253.52	-295.2	40.7	-716.58	106.95	147.05
Long-Term Debt Repaid	-	-	-	-	-0.05	-0.05
Net Debt Issued (Repaid)	-	-	-	-	-0.05	-0.05
Issuance of Common Stock	-	-	-	840.7	-	34.01
Common Dividends Paid	-129.13	-129.13	-111.91	-103.3	-100.72	-152.26
Other Financing Activities	13.23	-	-	-12.04	-2.64	2
Financing Cash Flow	-115.9	-129.13	-111.91	725.36	-103.41	-116.31
Net Cash Flow	-166.13	-209.92	109.86	159.56	87.05	103.63
Free Cash Flow	172.47	165.52	134.34	106.67	27.98	49.28
Free Cash Flow Growth	22.62%	23.21%	25.94%	281.18%	-43.22%	-62.15%
Free Cash Flow Margin	9.69%	9.65%	8.61%	7.75%	2.13%	4.31%
Free Cash Flow Per Share	1.00	0.96	0.78	0.66	0.22	0.38
Cash Income Tax Paid	149.12	153.43	96.94	70.22	103.27	80.63
Levered Free Cash Flow	-148.03	109.45	108.37	66.27	-13.56	47.35
Unlevered Free Cash Flow	-147.52	109.96	109.12	67.16	-12.39	48.6
Change in Working Capital	36.16	36.16	21.74	13.39	-52.1	-44.67

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