SHE:002376 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	48.54	19.26	-25.67	145.82
Depreciation & Amortization	154.69	151.65	140.15	124.09
Other Amortization	25.27	22.48	24.34	23.02
Loss (Gain) From Sale of Assets	0.1	-0.19	0.63	-0.65
Asset Writedown & Restructuring Costs	0.41	5.89	17.98	3.07
Loss (Gain) From Sale of Investments	-128.16	-123.91	-103.32	-145.85
Provision & Write-off of Bad Debts	21.53	12.27	6.63	32.45
Other Operating Activities	120.47	89.8	99.73	105.68
Change in Accounts Receivable	-73.66	106.98	241.24	-225.72
Change in Inventory	-1.2	103.27	145.25	-344
Change in Accounts Payable	32.09	8.32	-454.66	144.36
Change in Other Net Operating Assets	0.87	-2.24	1.87	1.53
Operating Cash Flow	200.02	389.28	91.43	-145.84
Operating Cash Flow Growth	-48.62%	325.78%	-	-
Capital Expenditures	-64.22	-56.29	-155.28	-124.06
Sale of Property, Plant & Equipment	0.33	0.35	0.38	0.11
Investment in Securities	9.99	37.33	242.61	113.17
Other Investing Activities	45.08	17.98	35.76	31.37
Investing Cash Flow	-8.83	-0.63	123.47	20.59
Long-Term Debt Issued	675.24	454.79	840.3	661.54
Long-Term Debt Repaid	-621.51	-848.48	-727.58	-333.22
Net Debt Issued (Repaid)	53.73	-393.69	112.72	328.31
Repurchase of Common Stock	-94.99	-52.53	-63.68	-17.01
Common Dividends Paid	-112.35	-129.12	-178.2	-192.17
Other Financing Activities	-46.19	-46.5	-44.1	-46.5
Financing Cash Flow	-199.8	-621.84	-173.26	72.64
Foreign Exchange Rate Adjustments	9.99	14.93	15.01	-11.87
Net Cash Flow	1.39	-218.27	56.64	-64.48
Free Cash Flow	135.8	332.99	-63.86	-269.89
Free Cash Flow Growth	-59.22%	-	-	-
Free Cash Flow Margin	5.71%	15.21%	-2.80%	-10.20%
Free Cash Flow Per Share	0.21	0.51	-0.10	-0.41
Cash Income Tax Paid	-30.68	19.68	-2.24	21.56
Levered Free Cash Flow	153.61	372.69	-140.6	-257.13
Unlevered Free Cash Flow	184.41	410.49	-96.61	-220.74
Change in Working Capital	-42.82	212.02	-69.04	-433.47

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