SHE:002379 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	-187.57	-68.98	-145.22	22.84	-77.52	-165
Depreciation & Amortization	102.24	102.24	108.15	113.08	110.86	100.15
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.04	-0	-	-
Asset Writedown & Restructuring Costs	-	-	0.01	27.31	-	0.4
Loss (Gain) From Sale of Investments	-6.21	-6.21	-	-	-	-
Provision & Write-off of Bad Debts	5.08	5.08	-2.79	2.46	-2.61	-0.79
Other Operating Activities	58.98	48.23	63.74	62.85	66.19	55.35
Change in Accounts Receivable	-292.34	-292.34	-25.25	470.27	-377.95	-82.32
Change in Inventory	133.04	133.04	-243.22	101.95	-180.31	-11.31
Change in Accounts Payable	57.07	57.07	24.44	-464.27	408.22	168.19
Operating Cash Flow	-125.97	-18.13	-216.12	328.11	-52.19	58.99
Capital Expenditures	-9.71	-4.39	-58.57	-96.46	-1.77	-14.58
Sale of Property, Plant & Equipment	0.03	0.03	0.05	4.61	-	0.24
Cash Acquisitions	-	-	-	-	-	-55.5
Investment in Securities	-30	-30	-399.98	-	-	-
Other Investing Activities	60.76	9.44	2.73	-	-	-
Investing Cash Flow	21.07	-24.92	-455.77	-91.86	-1.77	-69.84
Short-Term Debt Issued	-	-	-	-	295.59	129.69
Long-Term Debt Issued	-	389.48	319.29	216.91	-	-
Total Debt Issued	350	389.48	319.29	216.91	295.59	129.69
Short-Term Debt Repaid	-	-	-	-	-100	-130
Long-Term Debt Repaid	-	-47.5	-305.37	-162.84	-5.99	-
Total Debt Repaid	-147.48	-47.5	-305.37	-162.84	-105.99	-130
Net Debt Issued (Repaid)	202.52	341.99	13.92	54.07	189.6	-0.31
Issuance of Common Stock	-	-	789.59	-	-	-
Common Dividends Paid	-20.06	-10.21	-7.28	-8.47	-8.18	-2.52
Other Financing Activities	-94.26	-143.64	-214.37	-150.82	-	-
Financing Cash Flow	88.2	188.14	581.87	-105.22	181.42	-2.83
Foreign Exchange Rate Adjustments	12.2	12.58	3.51	8.77	-26.67	2.9
Net Cash Flow	-4.49	157.67	-86.51	139.81	100.79	-10.78
Free Cash Flow	-135.68	-22.51	-274.69	231.65	-53.96	44.41
Free Cash Flow Margin	-4.59%	-0.65%	-10.22%	6.56%	-1.69%	1.88%
Free Cash Flow Per Share	-0.12	-0.02	-0.27	0.25	-0.06	0.05
Cash Income Tax Paid	-	-86.45	-33.11	-140.25	-46.34	-99.22
Levered Free Cash Flow	41.88	121.21	-387.71	288.81	91.31	77.95
Unlevered Free Cash Flow	55.11	128.91	-382.05	297.04	100.83	79.72
Change in Working Capital	-98.47	-98.47	-239.96	99.58	-149.11	68.88

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