SHE:001389 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 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	676.1	414.69	101.09	155.53
Depreciation & Amortization	163.86	166.53	92.59	50.21
Other Amortization	13.13	2.05	1.95	1.21
Loss (Gain) From Sale of Assets	0.63	0.58	-0.57	-0.63
Asset Writedown & Restructuring Costs	7.62	2.11	47.83	10.66
Loss (Gain) From Sale of Investments	11.96	41.54	-	-1.49
Provision & Write-off of Bad Debts	17.18	12.4	12.52	0.12
Other Operating Activities	80.98	25.37	4.46	5.28
Change in Accounts Receivable	-426.28	-237.5	-339.13	-26.94
Change in Inventory	-133.41	-74.66	-301.44	-51.05
Change in Accounts Payable	394.27	161.53	605.87	167.24
Change in Other Net Operating Assets	15.39	6.55	7.13	6.39
Operating Cash Flow	796.28	527.51	219.43	333.55
Operating Cash Flow Growth	50.95%	140.40%	-34.21%	30.22%
Capital Expenditures	-827.51	-404.07	-488.5	-444.11
Sale of Property, Plant & Equipment	0.14	1.71	2.27	2.04
Investment in Securities	-290	-	-	3
Other Investing Activities	-6.36	-22.51	6.53	7.52
Investing Cash Flow	-1,124	-424.86	-479.69	-431.55
Long-Term Debt Issued	220.8	320.37	287.21	206.08
Long-Term Debt Repaid	-203.8	-260.23	-234.39	-79.25
Net Debt Issued (Repaid)	17	60.14	52.82	126.83
Issuance of Common Stock	733.24	-	214.5	31.23
Common Dividends Paid	-119.52	-14.3	-4.41	-5.08
Other Financing Activities	-21.65	-2.7	-18.79	-31.58
Financing Cash Flow	609.07	43.13	244.12	121.39
Foreign Exchange Rate Adjustments	4.25	3.37	-6.4	-8.23
Net Cash Flow	285.87	149.16	-22.54	15.16
Free Cash Flow	-31.23	123.45	-269.06	-110.56
Free Cash Flow Margin	-0.84%	4.61%	-12.96%	-6.88%
Free Cash Flow Per Share	-0.08	0.32	-0.74	-0.32
Cash Income Tax Paid	-47.51	-49.32	-162.18	-81.87
Levered Free Cash Flow	-193.56	-	-58.43	-125.18
Unlevered Free Cash Flow	-183.64	-	-54.82	-121.3
Change in Working Capital	-175.18	-137.76	-40.43	112.66

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