Shanghai Morn Electric Equipment Co., Ltd. (SHE:002451)
China · Delayed Price · Currency is CNY 6.82
-0.30 (-4.21%)
Oct 27, 2026, 3:04 PM CST
SHE:002451 Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Net Income | 9.67 | 10.58 | 17.87 | 16.16 | 14.67 | 12.85 |
Depreciation & Amortization | 43.42 | 43.72 | 44.41 | 39.49 | 38.68 | 39.41 |
Other Amortization | 1.22 | 0.92 | 0.3 | 0.21 | 0.3 | 0.33 |
Loss (Gain) From Sale of Assets | -3.29 | -3.29 | - | -0.58 | - | - |
Asset Writedown & Restructuring Costs | 0.59 | 0.59 | 14.17 | 5.18 | 14.88 | 0.61 |
Loss (Gain) From Sale of Investments | -0.23 | -0.23 | -3.34 | -2.02 | -2.49 | -3.75 |
Provision & Write-off of Bad Debts | - | - | - | - | - | 10.33 |
Other Operating Activities | 2.39 | 41.92 | 23.7 | 28.37 | 26.56 | 19.79 |
Change in Accounts Receivable | -175.18 | -175.18 | -108.02 | 41.9 | -208.67 | -440.8 |
Change in Inventory | 36.55 | 36.55 | -16.63 | -2.02 | -7.79 | -66.48 |
Change in Accounts Payable | 39.83 | 39.83 | 17.94 | -2.58 | 81.36 | 25.89 |
Change in Other Net Operating Assets | 0.98 | 0.98 | -3.86 | -3.76 | -4.08 | -4.08 |
Operating Cash Flow | -42.14 | -1.69 | -16.46 | 121.01 | -49.3 | -408.42 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -61.77 | -78.56 | -57.95 | -10.64 | -74.32 | -11.43 |
Sale of Property, Plant & Equipment | 38.09 | 39.32 | - | 0.83 | - | - |
Divestitures | - | - | - | - | - | 315.37 |
Investment in Securities | -0.29 | - | - | - | - | - |
Other Investing Activities | 4.67 | 0.89 | 2.75 | 5.74 | 8.94 | 1.58 |
Investing Cash Flow | -19.29 | -38.35 | -55.2 | -4.07 | -65.38 | 305.52 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | 28.45 | 349.2 |
Long-Term Debt Issued | - | 1,153 | 646.71 | 573.5 | 571.26 | 353 |
Total Debt Issued | 1,021 | 1,153 | 646.71 | 573.5 | 599.71 | 702.2 |
Short-Term Debt Repaid | - | - | - | -90.05 | -21.11 | -382.28 |
Long-Term Debt Repaid | - | -995.35 | -542.73 | -529.13 | -381.6 | -308 |
Lease Payments | -2.13 | -2.13 | -0.75 | -2 | -3 | -1 |
Total Debt Repaid | -1,084 | -995.35 | -542.73 | -619.18 | -402.71 | -690.28 |
Net Debt Issued (Repaid) | -62.72 | 157.23 | 103.98 | -45.68 | 197.01 | 11.92 |
Issuance of Common Stock | 49 | 53.88 | - | - | - | - |
Common Dividends Paid | -24.32 | -26.33 | -22.33 | -25.07 | -39.71 | -12.41 |
Other Financing Activities | 109.28 | - | 4 | -36.35 | -13.05 | 88.81 |
Financing Cash Flow | 71.24 | 184.78 | 85.66 | -107.1 | 144.25 | 88.32 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -0.84 | -0.46 | 0.05 | 0.02 | -0.03 | -0.01 |
Net Cash Flow | 8.97 | 144.28 | 14.05 | 9.86 | 29.54 | -14.59 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -103.91 | -80.26 | -74.4 | 110.38 | -123.62 | -419.85 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -6.69% | -5.09% | -5.53% | 10.14% | -11.46% | -36.75% |
Free Cash Flow Per Share | -0.24 | -0.18 | -0.17 | 0.27 | -0.25 | -0.98 |
Levered Free Cash Flow | -106.1 | -196.36 | 64.45 | 68.8 | -170.57 | -226.8 |
Unlevered Free Cash Flow | -101.76 | -179.3 | 77.84 | 83.64 | -155.74 | -216.02 |
Free Cash Flow After Leases | -106.04 | -82.39 | -75.15 | 108.38 | -126.62 | -420.85 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Jan '23 Jan 1, 2023 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 4.51 | 5.3 | 6.39 | 21.8 | 14.49 | 7.89 |
Change in Working Capital | -95.9 | -95.9 | -113.57 | 34.19 | -141.89 | -488 |