SHE:002213 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	-29.45	-48.41	-66.63	15.98	15.48	8.99
Depreciation & Amortization	8.08	8.08	8.18	14.28	12.42	5.81
Other Amortization	2.01	2.01	1.71	4.52	2.86	2.53
Loss (Gain) From Sale of Assets	0.01	0.01	-0.05	0.02	-1.23	-0.4
Asset Writedown & Restructuring Costs	13.15	13.15	15.68	0.21	2.06	0.01
Loss (Gain) From Sale of Investments	-6.23	-6.23	-0.14	1.34	-7.96	-1.68
Provision & Write-off of Bad Debts	0.28	0.28	2.41	-2.51	2.47	0.22
Other Operating Activities	13.61	12.95	40.03	10.28	8.85	5.38
Change in Accounts Receivable	7.62	7.62	-10.13	-56.18	-34.53	-53.27
Change in Inventory	-2.26	-2.26	-44.84	11.15	-61.85	-17.17
Change in Accounts Payable	71.01	71.01	12.34	11.74	75.36	12.23
Change in Other Net Operating Assets	3.8	3.8	1.41	-	-	-
Operating Cash Flow	81.29	61.66	-40.18	3.95	11.85	-36.12
Operating Cash Flow Growth	-	-	-	-66.61%	-	-
Capital Expenditures	-14.56	-64.56	-91.47	-23.3	-14.03	-4.05
Sale of Property, Plant & Equipment	0.02	0.07	0.09	0.21	0.16	1.21
Cash Acquisitions	-	-	-	-	-6.84	-87.45
Divestitures	1	3	9.17	18.17	-	-
Investment in Securities	-4.19	-	-1.9	-	-15.22	110
Other Investing Activities	11.83	10.3	6.83	13.83	-	1.77
Investing Cash Flow	-5.91	-51.19	-77.28	32.42	-35.93	21.47
Long-Term Debt Issued	-	52	21	87.77	45	13
Long-Term Debt Repaid	-	-19.19	-82.71	-55.81	-24.83	-
Net Debt Issued (Repaid)	7.11	32.81	-61.71	31.95	20.17	13
Issuance of Common Stock	3.02	-	9.71	311.21	-	-
Common Dividends Paid	-8.16	-2.2	-3.56	-4.38	-3.99	-
Other Financing Activities	2.77	-4.52	-0.46	-52.82	10.9	4.52
Financing Cash Flow	4.74	26.09	-56.01	285.96	27.09	17.52
Foreign Exchange Rate Adjustments	0.23	0.62	0.67	2.41	-1	-0.18
Net Cash Flow	80.35	37.17	-172.8	324.74	2.01	2.69
Free Cash Flow	66.73	-2.9	-131.65	-19.34	-2.19	-40.17
Free Cash Flow Margin	5.92%	-0.28%	-17.97%	-2.31%	-0.26%	-10.36%
Free Cash Flow Per Share	0.28	-0.01	-0.56	-0.09	-0.01	-0.20
Cash Income Tax Paid	3.65	5.27	13.06	-13.74	-0.95	6.82
Levered Free Cash Flow	85.19	-3.13	-60.45	-51.49	38.17	-58.42
Unlevered Free Cash Flow	86.22	-2.35	-59.77	-47.23	40.34	-58.42
Change in Working Capital	79.82	79.82	-41.37	-40.16	-23.11	-56.98

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.