SHE:002204 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	497.87	363.1	288.17	115.39
Depreciation & Amortization	266.71	222.06	198.41	209.82
Other Amortization	2.24	0.7	0.65	0.25
Loss (Gain) From Sale of Assets	-5.06	-28.89	-5.88	-12.48
Asset Writedown & Restructuring Costs	5.58	5.44	8.3	20.03
Loss (Gain) From Sale of Investments	-27.55	-23.7	-0.85	-6.33
Provision & Write-off of Bad Debts	56.08	85.03	118.06	86
Other Operating Activities	75.34	43.96	21.4	82.26
Change in Accounts Receivable	-1,267	-1,294	-526.47	-592.42
Change in Inventory	88.51	265.96	-1,093	-1,561
Change in Accounts Payable	883.48	224.85	1,038	3,095
Operating Cash Flow	579.78	-157.3	35.24	1,466
Operating Cash Flow Growth	-	-	-97.60%	76.85%
Capital Expenditures	-480.83	-890.3	-83.64	-41.36
Sale of Property, Plant & Equipment	9.09	52.1	1.32	26.92
Investment in Securities	-260	-388.2	-250	-150
Other Investing Activities	29.33	20.44	3.13	-
Investing Cash Flow	-702.41	-1,206	-329.2	-164.45
Long-Term Debt Issued	1,073	1,184	409.95	-
Total Debt Issued	1,073	1,184	409.95	-
Long-Term Debt Repaid	-679.01	-358.52	-3.56	-200.56
Total Debt Repaid	-679.01	-358.52	-3.56	-200.56
Net Debt Issued (Repaid)	394.46	825.64	406.39	-200.56
Repurchase of Common Stock	-84.62	-	-	-
Common Dividends Paid	-107.83	-85.98	-58.58	-70.83
Other Financing Activities	-	-	-	-307.29
Financing Cash Flow	202.01	739.66	347.81	-578.68
Foreign Exchange Rate Adjustments	1.19	8.95	69.55	-16.99
Net Cash Flow	80.57	-614.64	123.4	705.96
Free Cash Flow	98.95	-1,048	-48.4	1,425
Free Cash Flow Growth	-	-	-	85.53%
Free Cash Flow Margin	0.69%	-8.73%	-0.47%	15.64%
Free Cash Flow Per Share	0.05	-0.54	-0.03	0.74
Cash Income Tax Paid	276.81	423.54	315.9	322.13
Levered Free Cash Flow	643.27	111.47	-79.44	938.74
Unlevered Free Cash Flow	668.92	129.46	-75.9	943.52
Change in Working Capital	-295.69	-823.28	-595.08	971.14

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