SHE:002132 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	13.61	54.46	187.47	140.42
Depreciation & Amortization	297.56	227.55	169.73	133.57
Other Amortization	13.96	13.51	7.38	2.61
Loss (Gain) From Sale of Assets	4.92	0.02	-0.09	-4.6
Asset Writedown & Restructuring Costs	28.4	10.92	0.09	0.14
Loss (Gain) From Sale of Investments	14.18	8.15	1.25	-2.62
Provision & Write-off of Bad Debts	-10.19	2.08	21.27	4.89
Other Operating Activities	102.37	89.75	59.56	59.59
Change in Accounts Receivable	190.03	-178.88	-30.87	-144.49
Change in Inventory	-31.65	127.06	-399.74	-87.44
Change in Accounts Payable	-26.43	394.72	-180.82	476.16
Change in Other Net Operating Assets	-10.73	39.21	38.14	40.34
Operating Cash Flow	564.33	777.02	-116.14	615.86
Operating Cash Flow Growth	-27.37%	-	-	59.17%
Capital Expenditures	-121.71	-401.99	-804.43	-1,530
Sale of Property, Plant & Equipment	4.95	50.84	4	3.2
Investment in Securities	-10.13	-	-79.11	20.96
Other Investing Activities	0.2	0.32	-	0.11
Investing Cash Flow	-126.69	-350.82	-879.54	-1,506
Long-Term Debt Issued	2,551	2,335	2,431	2,484
Long-Term Debt Repaid	-2,899	-2,047	-1,692	-1,806
Net Debt Issued (Repaid)	-347.4	287.54	739.27	677.99
Issuance of Common Stock	-	-	14.12	624.94
Repurchase of Common Stock	-150.3	-37.1	-13	-
Common Dividends Paid	-154.37	-129.03	-93.76	-122.42
Other Financing Activities	195.81	-556.38	180.72	-165.65
Financing Cash Flow	-456.25	-434.98	827.35	1,015
Foreign Exchange Rate Adjustments	6.01	1.47	0.22	-0.48
Net Cash Flow	-12.6	-7.32	-168.11	124.52
Free Cash Flow	442.62	375.03	-920.58	-914.13
Free Cash Flow Growth	18.02%	-	-	-
Free Cash Flow Margin	8.70%	8.19%	-20.84%	-26.92%
Free Cash Flow Per Share	0.33	0.28	-0.69	-0.72
Cash Interest Paid	14.24	12.42	-	-
Cash Income Tax Paid	70.3	46.72	-252.36	75.49
Levered Free Cash Flow	424.59	305.49	-964.01	-1,110
Unlevered Free Cash Flow	466.96	342.45	-929.81	-1,076
Change in Working Capital	99.52	370.59	-562.79	281.88

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