SHE:002270 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	614.3	542.41	359.44	416.94
Depreciation & Amortization	96.31	93.11	90.74	86.91
Other Amortization	10.06	5.4	2	4.31
Loss (Gain) From Sale of Assets	1.28	1.63	-0.43	0.41
Asset Writedown & Restructuring Costs	0.45	0.57	16.78	0.94
Loss (Gain) From Sale of Investments	-18.92	-18.66	-3.68	-303.17
Provision & Write-off of Bad Debts	3.53	-22.59	-2.15	48.8
Other Operating Activities	32.22	19.86	14.13	68.54
Change in Accounts Receivable	172.94	-101.17	-10.82	-49.67
Change in Inventory	-22.4	-60.92	12.6	-18.51
Change in Accounts Payable	8.48	153.22	38.27	-0.4
Change in Other Net Operating Assets	0.18	0.07	-0.08	-
Operating Cash Flow	889.36	621.68	496.3	281.7
Operating Cash Flow Growth	43.06%	25.26%	76.18%	-31.41%
Capital Expenditures	-113.78	-63.02	-68.92	-108.31
Sale of Property, Plant & Equipment	0.43	1.79	95.92	1.16
Cash Acquisitions	-	-	0.03	-1.3
Divestitures	-	2	3	-
Investment in Securities	47.42	63.89	-210.42	768.97
Other Investing Activities	8.88	1.81	0.85	6.59
Investing Cash Flow	-57.05	6.47	-179.53	667.11
Long-Term Debt Issued	419.36	160	450	511.78
Total Debt Issued	419.36	160	450	511.78
Long-Term Debt Repaid	-406.58	-266.01	-579.23	-765.93
Total Debt Repaid	-406.58	-266.01	-579.23	-765.93
Net Debt Issued (Repaid)	12.78	-106.01	-129.23	-254.16
Issuance of Common Stock	-	-	495.8	-
Common Dividends Paid	-744.09	-522.52	-376.12	-203.3
Other Financing Activities	7.46	0.89	-18.88	-234.09
Financing Cash Flow	-723.84	-627.64	-28.43	-691.54
Foreign Exchange Rate Adjustments	3.75	4.25	43.19	-13.02
Net Cash Flow	112.22	4.76	331.53	244.24
Free Cash Flow	775.58	558.66	427.38	173.39
Free Cash Flow Growth	38.83%	30.72%	146.48%	22.08%
Free Cash Flow Margin	33.40%	28.49%	24.97%	11.31%
Free Cash Flow Per Share	0.87	0.63	0.50	0.23
Cash Income Tax Paid	223.62	253.72	205.63	231.17
Levered Free Cash Flow	511.79	345.85	426.76	86.67
Unlevered Free Cash Flow	522.57	356.03	440.68	117.4
Change in Working Capital	150.14	-0.05	19.47	-41.99

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