SHE:002393 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	184.53	361.83	93.61	122.11
Depreciation & Amortization	79.85	67.31	66.12	60.2
Other Amortization	1.35	-	-	-
Loss (Gain) From Sale of Assets	0.05	-238.7	34.82	-
Asset Writedown & Restructuring Costs	0.37	15.27	1.2	1.61
Loss (Gain) From Sale of Investments	-102.84	-15.97	-23.96	-19.25
Provision & Write-off of Bad Debts	0	-	-	-
Other Operating Activities	19.11	14.11	19	14.08
Change in Accounts Receivable	-42.56	17.52	25.13	-19.5
Change in Inventory	-21.72	8.91	11.14	-4.35
Change in Accounts Payable	-31.66	-28.28	116.95	50.22
Change in Other Net Operating Assets	5.55	3.49	2.74	-0.03
Operating Cash Flow	88.26	200.01	331.38	196.34
Operating Cash Flow Growth	-55.87%	-39.65%	68.78%	157.09%
Capital Expenditures	-53.75	-61.72	-40.91	-88.24
Sale of Property, Plant & Equipment	0.41	253.54	115.27	0.09
Cash Acquisitions	-	-102	-	-
Investment in Securities	-262.61	-79.96	-250.04	-
Other Investing Activities	56.86	9.5	20.04	12.04
Investing Cash Flow	-259.09	19.36	-155.64	-76.12
Short-Term Debt Issued	39.75	-	-	-
Total Debt Issued	39.75	-	-	-
Short-Term Debt Repaid	-47.19	-	-	-
Long-Term Debt Repaid	-6.04	-0.3	-0.06	-
Total Debt Repaid	-53.24	-0.3	-0.06	-
Net Debt Issued (Repaid)	-13.49	-0.3	-0.06	-
Issuance of Common Stock	-	5.55	21.01	-
Repurchase of Common Stock	-39.59	-	-	-
Common Dividends Paid	-121.03	-54.74	-54.74	-18.25
Other Financing Activities	-0.07	0.67	-	-
Financing Cash Flow	-174.18	-48.82	-33.79	-18.25
Foreign Exchange Rate Adjustments	0	-	-	-
Net Cash Flow	-345	170.54	141.95	101.97
Free Cash Flow	34.51	138.29	290.47	108.1
Free Cash Flow Growth	-75.04%	-52.39%	168.71%	-
Free Cash Flow Margin	2.58%	11.99%	25.33%	9.90%
Free Cash Flow Per Share	0.14	0.54	1.13	0.42
Cash Income Tax Paid	154.11	195.53	133.17	126.12
Levered Free Cash Flow	17.39	24.69	302.3	8.51
Unlevered Free Cash Flow	19.05	25.16	302.85	8.71
Change in Working Capital	-94.16	-3.83	140.6	17.59

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