SHE:002193 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	Dec '20 Dec 31, 2020
Net Income	-624.92	-577.49	-624.82	-831.25	0.99	5.09
Depreciation & Amortization	70.5	70.5	80.41	95.57	97.56	96.89
Other Amortization	0.74	0.74	-	-	-	-
Loss (Gain) From Sale of Assets	-	-	-0.31	1.28	-1.12	-0.03
Asset Writedown & Restructuring Costs	365.79	365.79	308.32	6.53	-	-
Loss (Gain) From Sale of Investments	-	-	53.63	676.96	0.83	-0.13
Other Operating Activities	128.89	74.91	32.97	12.13	21.62	68.05
Change in Accounts Receivable	-31.1	-31.1	-790.44	-100.3	-498.2	-261.64
Change in Inventory	-1.45	-1.45	-95.53	60.9	-2.15	34.34
Change in Accounts Payable	55.77	55.77	946.05	101.48	113.38	161.51
Change in Other Net Operating Assets	24.05	24.05	68.02	60.62	4.9	50.23
Operating Cash Flow	-1.13	-7.69	-27.07	71.85	-262.72	145.34
Capital Expenditures	-0.45	-0.18	-3.11	-8.39	-1.67	-21.24
Sale of Property, Plant & Equipment	0.13	0.13	0.66	-	1.87	0.04
Divestitures	-	-	-0	-	-	-
Other Investing Activities	-1.58	-	0.13	-	-0.83	51.63
Investing Cash Flow	-1.9	-0.05	-2.32	-8.39	-0.63	30.42
Long-Term Debt Issued	-	-	-	184.09	241.08	587.53
Total Debt Issued	-	-	-	184.09	241.08	587.53
Long-Term Debt Repaid	-	-1.28	-0.49	-233.13	-338.73	-616.35
Total Debt Repaid	-0	-1.28	-0.49	-233.13	-338.73	-616.35
Net Debt Issued (Repaid)	-0	-1.28	-0.49	-49.04	-97.65	-28.83
Common Dividends Paid	-0.02	-	-2.1	-6.59	-21.09	-48.6
Other Financing Activities	-0	-	0.02	-	-	245.84
Financing Cash Flow	-0.02	-1.28	-2.57	-55.64	-118.75	168.42
Foreign Exchange Rate Adjustments	3.02	3.46	1.82	0.56	-0.28	-0.88
Net Cash Flow	-0.03	-5.55	-30.14	8.39	-382.37	343.3
Free Cash Flow	-1.58	-7.87	-30.18	63.46	-264.39	124.1
Free Cash Flow Margin	-0.46%	-1.75%	-7.86%	10.71%	-38.33%	15.78%
Free Cash Flow Per Share	-0.01	-0.03	-0.12	0.24	-1.01	0.49
Cash Income Tax Paid	3.12	3	4.69	13.23	43.59	41.6
Levered Free Cash Flow	235.15	75.03	238.57	275.1	418.3	345.09
Unlevered Free Cash Flow	279.86	113.75	263.66	298.34	438.69	388.46
Change in Working Capital	57.86	57.86	122.73	110.64	-382.6	-24.53

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