SHE:002043 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	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	585.25	689.42	445.77	711.61
Depreciation & Amortization	98.89	94.58	90.99	79.13
Other Amortization	9.3	5.15	3.14	1.13
Loss (Gain) From Sale of Assets	3.73	0.74	0.27	0.21
Asset Writedown & Restructuring Costs	146.34	7.78	118.07	0.22
Loss (Gain) From Sale of Investments	-52.08	-59.83	-38.42	-182.55
Provision & Write-off of Bad Debts	266.35	217.65	215.14	91.93
Other Operating Activities	24.04	40.97	45.57	108.25
Change in Accounts Receivable	20.28	26.12	-23.48	-235.59
Change in Inventory	94.91	68.82	87.28	107.65
Change in Accounts Payable	8.72	825.23	-57.16	97.67
Change in Other Net Operating Assets	-11.29	33.98	103.94	101.76
Operating Cash Flow	1,152	1,910	933.54	860.29
Operating Cash Flow Growth	-39.68%	104.63%	8.52%	5.86%
Capital Expenditures	-294.82	-108.5	-160.22	-196.74
Sale of Property, Plant & Equipment	8.82	5.37	17.33	60.75
Cash Acquisitions	-	-	1.8	-
Divestitures	10.37	76.15	-	29.59
Investment in Securities	-910.7	31.59	332.38	23.59
Other Investing Activities	51.76	23.56	34.98	54.88
Investing Cash Flow	-1,135	28.18	226.27	152.06
Short-Term Debt Issued	-	-	1,243	4
Long-Term Debt Issued	20	320	-	1,045
Total Debt Issued	20	320	1,243	1,049
Short-Term Debt Repaid	-10.45	-15.3	-20.05	-25.3
Long-Term Debt Repaid	-85.61	-687.22	-1,921	-1,594
Total Debt Repaid	-96.07	-702.52	-1,941	-1,620
Net Debt Issued (Repaid)	-76.07	-382.52	-698.25	-570.56
Issuance of Common Stock	-	462.63	-	200.85
Repurchase of Common Stock	-140.28	-30.84	-	-299.06
Common Dividends Paid	-681.91	-418.87	-367.06	-193.65
Other Financing Activities	-36	-19.8	-0.05	-250.59
Financing Cash Flow	-934.26	-389.4	-1,065	-1,113
Foreign Exchange Rate Adjustments	5.09	2.79	9.84	-4.17
Net Cash Flow	-911.43	1,552	104.29	-104.84
Free Cash Flow	857.5	1,802	773.32	663.54
Free Cash Flow Growth	-52.41%	133.00%	16.54%	-6.43%
Free Cash Flow Margin	9.33%	19.88%	8.67%	7.04%
Free Cash Flow Per Share	1.06	2.19	1.02	0.90
Cash Income Tax Paid	439.96	481.69	458.91	385.47
Levered Free Cash Flow	648.75	1,503	447.13	477.25
Unlevered Free Cash Flow	651.99	1,509	463.5	502.77
Change in Working Capital	70.48	913.87	53	50.36

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