SHE:002082 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	Jan '22 Jan 1, 2022
Net Income	55.44	49.21	93.26	166.51
Depreciation & Amortization	98.7	96.94	107.03	94.98
Other Amortization	8.35	1.71	1.2	1.24
Loss (Gain) From Sale of Assets	-15.74	-0.12	0.95	1.21
Asset Writedown & Restructuring Costs	21.75	2.88	90.27	47.37
Loss (Gain) From Sale of Investments	-20.23	-0.66	0.06	-229.65
Provision & Write-off of Bad Debts	-0.9	23.56	38.98	52.25
Other Operating Activities	33.73	31.86	18.16	51.07
Change in Accounts Receivable	12.88	-15.2	-101.79	178.83
Change in Inventory	54.58	20.81	-18.71	64.52
Change in Accounts Payable	-110.89	-262.25	-438.51	-390.96
Operating Cash Flow	120.22	-72.87	-239.65	22.09
Operating Cash Flow Growth	-	-	-	-85.38%
Capital Expenditures	-97.11	-128.72	-167.23	-285.51
Sale of Property, Plant & Equipment	49.45	0.2	4.3	0.27
Cash Acquisitions	-10.54	-	-	-
Divestitures	-	-	-	1,293
Sale (Purchase) of Intangibles	-	-	-4.96	-13.1
Investment in Securities	-79.26	-	-	-
Other Investing Activities	-23.12	8.45	-1.15	5.07
Investing Cash Flow	-152.49	-156.03	-167.42	999.46
Long-Term Debt Issued	1,083	875.92	720.22	581.49
Total Debt Issued	1,083	875.92	720.22	581.49
Long-Term Debt Repaid	-1,032	-764.53	-712.42	-1,014
Total Debt Repaid	-1,032	-764.53	-712.42	-1,014
Net Debt Issued (Repaid)	50.72	111.39	7.8	-432.13
Repurchase of Common Stock	-	-	-9.03	-50.96
Common Dividends Paid	-90.84	-122.03	-43.91	-191.66
Other Financing Activities	-2.21	19.89	-17.93	-
Financing Cash Flow	-42.33	9.26	-63.07	-674.75
Foreign Exchange Rate Adjustments	-0.16	-1.25	2.02	-5.44
Net Cash Flow	-74.76	-220.89	-468.11	341.35
Free Cash Flow	23.11	-201.59	-406.88	-263.42
Free Cash Flow Margin	1.60%	-13.07%	-22.78%	-13.64%
Free Cash Flow Per Share	0.04	-0.33	-0.65	-0.43
Cash Income Tax Paid	120.89	133.12	402.31	175.69
Levered Free Cash Flow	55.23	44.08	-373.4	800.46
Unlevered Free Cash Flow	79.3	73.13	-352.66	822.72
Change in Working Capital	-60.88	-278.24	-589.57	-162.88

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.