SHE:002463 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,587	1,513	1,362	1,064
Depreciation & Amortization	484.5	416.83	326.44	345.12
Other Amortization	5.82	2.05	1.84	1.76
Loss (Gain) From Sale of Assets	5.37	12.08	6.05	6.2
Asset Writedown & Restructuring Costs	119.51	56.44	24.61	11.26
Loss (Gain) From Sale of Investments	28.85	-22.87	79.28	13.04
Stock-Based Compensation	77.12	34.51	56.02	71.57
Provision & Write-off of Bad Debts	16.59	-11.67	10.89	8.06
Other Operating Activities	43.12	50.81	56.97	-37.41
Change in Accounts Receivable	-1,480	-389.61	-311.2	-228.68
Change in Inventory	-836.29	-74.95	-48.56	-531.56
Change in Accounts Payable	1,337	642.56	1.27	704.32
Change in Other Net Operating Assets	-	-4.72	-	-
Operating Cash Flow	2,325	2,243	1,566	1,410
Operating Cash Flow Growth	3.65%	43.27%	11.01%	-9.90%
Capital Expenditures	-2,148	-810.47	-876.68	-503.65
Sale of Property, Plant & Equipment	10.11	11.98	11.47	2.69
Cash Acquisitions	-	-89.36	-	-
Investment in Securities	-998.99	-1,110	2.01	-1,083
Other Investing Activities	101.83	128.13	60.87	62.38
Investing Cash Flow	-3,035	-1,870	-802.34	-1,521
Long-Term Debt Issued	5,286	4,481	2,627	2,709
Total Debt Issued	5,286	4,481	2,627	2,709
Long-Term Debt Repaid	-4,280	-3,873	-2,825	-2,160
Total Debt Repaid	-4,280	-3,873	-2,825	-2,160
Net Debt Issued (Repaid)	1,006	607.54	-198.27	549.01
Issuance of Common Stock	147.27	178.15	0	-
Repurchase of Common Stock	-	-	-	-0.35
Common Dividends Paid	-1,088	-363.29	-317.12	-363.7
Other Financing Activities	6.48	5.95	-	-
Financing Cash Flow	71.36	428.35	-515.39	184.96
Foreign Exchange Rate Adjustments	92.65	13.89	30.14	-5.92
Net Cash Flow	-545.68	815.57	278.19	68.29
Free Cash Flow	177.37	1,433	689.09	906.78
Free Cash Flow Growth	-87.62%	107.93%	-24.01%	-23.84%
Free Cash Flow Margin	1.33%	16.03%	8.27%	12.22%
Free Cash Flow Per Share	0.09	0.75	0.36	0.48
Cash Income Tax Paid	-178.3	-173.07	-178.42	-89.05
Levered Free Cash Flow	-508.77	1,065	141.66	488.98
Unlevered Free Cash Flow	-433.55	1,120	164.56	500.91
Change in Working Capital	-1,043	192.59	-357.91	-72.67

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