SHE:002148 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Jan '21 Jan 1, 2021
Net Income	12.35	26.19	22.88	16.97	55.92	15.54
Depreciation & Amortization	14.05	14.05	15	14.43	14.2	14.28
Other Amortization	2.74	2.74	0.11	0.05	0.59	2.05
Loss (Gain) From Sale of Assets	0.05	0.05	-	-0	-	-
Asset Writedown & Restructuring Costs	-	-	-0	0	1.6	0.63
Loss (Gain) From Sale of Investments	-18.47	-18.47	-10.27	-3.15	-36.8	-14.7
Provision & Write-off of Bad Debts	-0.21	-0.21	0.16	-1.09	0.33	-0.9
Other Operating Activities	-4.71	1.18	1.42	-0.06	3.32	-2.56
Change in Accounts Receivable	-36.99	-36.99	-6.96	13.03	-11.53	3.51
Change in Inventory	-5.82	-5.82	-0.57	-0.02	-0.6	-0.46
Change in Accounts Payable	6.28	6.28	18.29	1.39	0.63	-10.55
Change in Other Net Operating Assets	2.28	2.28	-	-	-	-
Operating Cash Flow	-26.63	-6.91	42.83	44.81	31.89	7.56
Operating Cash Flow Growth	-	-	-4.41%	40.50%	322.10%	673.85%
Capital Expenditures	-10.07	-9.75	-0.48	-1.03	-4.83	-0.51
Sale of Property, Plant & Equipment	0.01	0.02	-	0.04	0	0
Cash Acquisitions	-	-	-	-0.35	-	-
Investment in Securities	67.85	-15.8	-61.49	-40	-159.47	2.32
Other Investing Activities	20.95	16.99	7.73	20.6	29.69	17.38
Investing Cash Flow	78.73	-8.54	-54.25	-20.74	-134.61	19.19
Long-Term Debt Repaid	-	-0.75	-0.73	-	-	-
Net Debt Issued (Repaid)	-0.75	-0.75	-0.73	-	-	-
Issuance of Common Stock	-	7.56	7.38	1.01	11.59	-
Repurchase of Common Stock	-20.76	-15	-4.15	-	-	-
Common Dividends Paid	-8.94	-8.33	-5.61	-17.59	-5.55	-
Other Financing Activities	16.82	8.67	-0.02	-0.03	-16.38	0.35
Financing Cash Flow	-13.62	-7.84	-3.13	-16.61	-10.34	0.35
Foreign Exchange Rate Adjustments	0.62	0.61	0.66	1.93	-0.31	-0.2
Net Cash Flow	39.1	-22.68	-13.89	9.38	-113.37	26.9
Free Cash Flow	-36.7	-16.66	42.35	43.78	27.06	7.04
Free Cash Flow Growth	-	-	-3.26%	61.76%	284.26%	-
Free Cash Flow Margin	-10.06%	-5.92%	15.96%	18.71%	12.40%	4.35%
Free Cash Flow Per Share	-0.07	-0.03	0.07	0.08	0.05	0.01
Cash Income Tax Paid	2.6	2.78	2.66	20.11	25.9	15.23
Levered Free Cash Flow	-48.18	-13.21	35.28	34.14	27.53	9
Unlevered Free Cash Flow	-48.16	-13.19	35.28	34.14	27.53	9
Change in Working Capital	-32.43	-32.43	13.55	17.66	-7.27	-6.79

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