SHE:002259 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	51.9	12	-1.1	-63.11	50.2	105.23
Depreciation & Amortization	57.49	57.49	56.24	54.48	53.72	57.62
Other Amortization	0.19	0.19	0.02	0.05	0.1	0.05
Loss (Gain) From Sale of Assets	-0.06	-0.06	-0.43	-	-8.74	-
Asset Writedown & Restructuring Costs	0.01	0.01	0.38	3	-0.11	6.48
Loss (Gain) From Sale of Investments	0.59	0.59	0.74	-1.08	1.41	-45.53
Provision & Write-off of Bad Debts	-0.14	-0.14	-12.92	0.86	-13.47	-13.6
Other Operating Activities	-6.59	22.81	23.97	7.51	60.65	100.86
Change in Accounts Receivable	-9.19	-9.19	38.95	10.53	13.22	22.25
Change in Inventory	-3.88	-3.88	-0.65	12.86	-14.24	-4.38
Change in Accounts Payable	-9.52	-9.52	-11.39	-71.15	-45	-46.23
Change in Other Net Operating Assets	42.88	42.88	28.31	169.24	-11.08	-38.19
Operating Cash Flow	123.02	112.52	122.07	123.46	87.7	151.03
Operating Cash Flow Growth	12.58%	-7.82%	-1.12%	40.77%	-41.93%	2913.83%
Capital Expenditures	-2.8	-4.37	-13.55	-7.84	-11.61	-5.76
Sale of Property, Plant & Equipment	-0.12	0.01	12.12	-	33.75	-
Divestitures	-	-	-	-	-	2
Other Investing Activities	-	-	-	2.19	-	158.16
Investing Cash Flow	-2.93	-4.36	-1.44	-5.65	22.14	154.39
Long-Term Debt Repaid	-	-33.41	-86.11	-53.73	-122.92	-60.57
Net Debt Issued (Repaid)	-0.91	-33.41	-86.11	-53.73	-122.92	-60.57
Common Dividends Paid	-12.03	-17.26	-34.73	-12.27	-17.39	-1.93
Other Financing Activities	-0.38	-0.17	5.6	-0.3	2.88	-157.75
Financing Cash Flow	-13.31	-50.84	-115.24	-66.3	-137.43	-220.25
Net Cash Flow	106.79	57.32	5.4	51.5	-27.59	85.17
Free Cash Flow	120.22	108.15	108.52	115.61	76.09	145.27
Free Cash Flow Growth	24.77%	-0.34%	-6.13%	51.94%	-47.62%	4445.88%
Free Cash Flow Margin	12.79%	14.76%	13.94%	6.26%	5.03%	15.16%
Free Cash Flow Per Share	0.16	0.14	0.15	0.15	0.10	0.19
Cash Income Tax Paid	38.57	40.19	55.93	39.18	64.62	34.83
Levered Free Cash Flow	124.88	86.02	85.75	-75.73	70.11	547.39
Unlevered Free Cash Flow	133.28	96.25	100.11	-49.98	105.53	579.28
Change in Working Capital	19.63	19.63	55.16	121.74	-56.07	-60.08

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