SHE:001365 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	614.41	652.45	401.88
Depreciation & Amortization	269.16	205.48	161.76
Other Amortization	20.21	12.09	9.82
Loss (Gain) From Sale of Assets	-1.56	-0.97	-1.11
Asset Writedown & Restructuring Costs	3.02	0.12	1.68
Loss (Gain) From Sale of Investments	-6.86	-8.11	-3.66
Provision & Write-off of Bad Debts	35.97	11.99	142.6
Other Operating Activities	141.61	177.7	143.51
Change in Accounts Receivable	-862.16	-2,211	-686.05
Change in Inventory	-15.28	-302.74	-428.19
Change in Accounts Payable	-150.55	1,933	432.57
Change in Other Net Operating Assets	33.19	29.11	9.7
Operating Cash Flow	66.28	495.1	164.75
Operating Cash Flow Growth	-86.61%	200.52%	-
Capital Expenditures	-348.81	-524.4	-348.77
Sale of Property, Plant & Equipment	22.44	18.84	4.77
Investment in Securities	47.07	-	-
Other Investing Activities	7.25	2.15	1.35
Investing Cash Flow	-272.05	-503.41	-342.65
Short-Term Debt Issued	-	77.78	165.5
Long-Term Debt Issued	982.6	877.03	1,101
Total Debt Issued	982.6	954.81	1,267
Short-Term Debt Repaid	-10	-104.67	-39.44
Long-Term Debt Repaid	-1,228	-624.16	-800.58
Total Debt Repaid	-1,238	-728.82	-840.02
Net Debt Issued (Repaid)	-255.74	225.98	426.72
Issuance of Common Stock	-	897	-
Common Dividends Paid	-43.48	-196.71	-197.04
Other Financing Activities	-3.6	1.43	9.03
Financing Cash Flow	-302.82	927.7	238.72
Foreign Exchange Rate Adjustments	2.98	2.08	2.75
Net Cash Flow	-505.6	921.47	63.56
Free Cash Flow	-282.53	-29.3	-184.02
Free Cash Flow Margin	-2.26%	-0.25%	-2.24%
Free Cash Flow Per Share	-0.63	-0.07	-0.46
Cash Income Tax Paid	396.49	345.11	262.06
Levered Free Cash Flow	-255.09	265.83	-
Unlevered Free Cash Flow	-225.94	302.45	-
Change in Working Capital	-1,010	-555.64	-691.72

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