SHE:002395 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	571.97	472.02	55.22	-45.45	50.48	42.19
Depreciation & Amortization	84.22	84.22	72.49	51.92	53.06	55.28
Other Amortization	1.46	1.46	0.98	1.03	0.85	0.92
Loss (Gain) From Sale of Assets	-362.17	-362.17	-	-0.11	-0.08	-4.86
Asset Writedown & Restructuring Costs	-	-	0	2.75	-	-
Loss (Gain) From Sale of Investments	-0	-0	0.61	0.44	0.86	-0.03
Provision & Write-off of Bad Debts	2.98	2.98	-2.38	2.47	2.96	4.21
Other Operating Activities	95.94	8.17	5.59	-3.01	2.88	12.5
Change in Accounts Receivable	-87.37	-87.37	41.94	84.74	89.12	20.6
Change in Inventory	-6.67	-6.67	-48.97	119	-10.11	10.02
Change in Accounts Payable	-116.97	-116.97	-15.97	-246.25	-189.04	-44.36
Operating Cash Flow	198.18	10.44	110.56	-39.98	0.58	94.94
Operating Cash Flow Growth	-	-90.55%	-	-	-99.39%	390.94%
Capital Expenditures	-13.07	-20.17	-143.44	-210.63	-212.88	-44.87
Sale of Property, Plant & Equipment	54.98	-	-	265.33	0.13	245.01
Divestitures	5.98	5.98	-	-	-	-
Investment in Securities	-	-	-	60	38.17	-38.44
Other Investing Activities	1.02	-0.04	0.32	-28.78	0.14	0.03
Investing Cash Flow	48.91	-14.22	-143.11	85.91	-174.45	161.72
Short-Term Debt Issued	-	85	89.9	89	101.95	80
Total Debt Issued	87.1	85	89.9	89	101.95	80
Short-Term Debt Repaid	-	-89.9	-80	-120	-60	-78
Total Debt Repaid	-127	-89.9	-80	-120	-60	-78
Net Debt Issued (Repaid)	-39.9	-4.9	9.9	-31	41.95	2
Common Dividends Paid	-42.34	-29.56	-3.08	-3.34	-42.74	-
Other Financing Activities	14.74	8.67	37.63	35.73	-21.93	-45.66
Financing Cash Flow	-67.5	-25.79	44.45	1.38	-22.72	-43.66
Foreign Exchange Rate Adjustments	2.87	4.59	3.48	9.85	-2.93	-10.12
Net Cash Flow	182.46	-24.98	15.37	57.16	-199.52	202.89
Free Cash Flow	185.11	-9.73	-32.88	-250.62	-212.3	50.07
Free Cash Flow Growth	-	-	-	-	-	280.69%
Free Cash Flow Margin	7.12%	-0.43%	-2.18%	-17.99%	-14.44%	3.73%
Free Cash Flow Per Share	0.69	-0.04	-0.12	-0.94	-0.79	0.19
Cash Interest Paid	-	-	-	-	-	2.62
Cash Income Tax Paid	53.62	18.26	-37.22	14.9	24.69	19.61
Levered Free Cash Flow	159.18	-11.12	76.78	-298.27	-15.44	55.58
Unlevered Free Cash Flow	160.34	-9.42	79.09	-296.07	-13.67	57.21
Change in Working Capital	-196.23	-196.23	-21.94	-50.01	-110.44	-15.27

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