SHE:002498 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	655.13	760.08	785.68	777.15
Depreciation & Amortization	123.02	104.47	84.08	91.77
Other Amortization	1.68	0.26	0.21	0.19
Loss (Gain) From Sale of Assets	-1.5	-1.76	-0.04	-0.47
Asset Writedown & Restructuring Costs	1.03	0.89	0.69	0.71
Loss (Gain) From Sale of Investments	-154.05	-7.61	-1.21	-40.17
Provision & Write-off of Bad Debts	96.68	63.65	139.75	54.47
Other Operating Activities	10.9	6.71	-22.11	38.19
Change in Accounts Receivable	-107.19	169.71	-389.26	-1,703
Change in Inventory	-328.63	-55.18	-5.09	-16.8
Change in Accounts Payable	-93.09	40.29	-399.51	1,363
Operating Cash Flow	184.33	1,074	196.69	542.18
Operating Cash Flow Growth	-82.84%	445.97%	-63.72%	-43.60%
Capital Expenditures	-156.14	-202.45	-451.2	-556.37
Sale of Property, Plant & Equipment	0.05	1.07	0.17	1.08
Cash Acquisitions	-42	-	-	-
Divestitures	27	-	-	-
Investment in Securities	-1,159	-26.93	-104.06	6.52
Other Investing Activities	61.56	39.68	20.65	13
Investing Cash Flow	-1,268	-188.63	-534.44	-535.77
Short-Term Debt Issued	3,418	294.56	795.48	289.71
Total Debt Issued	3,418	294.56	795.48	289.71
Short-Term Debt Repaid	-2,707	-314.62	-478.13	-14.61
Total Debt Repaid	-2,707	-314.62	-478.13	-14.61
Net Debt Issued (Repaid)	711.19	-20.06	317.35	275.09
Issuance of Common Stock	-	-	-	2.42
Common Dividends Paid	-126.44	-135.66	-125.65	-121.65
Other Financing Activities	-185.43	-21.69	1.19	-29.89
Financing Cash Flow	399.32	-177.41	192.89	125.98
Foreign Exchange Rate Adjustments	4.6	-1.1	2.27	1.41
Net Cash Flow	-680.05	706.74	-142.59	133.8
Free Cash Flow	28.19	871.43	-254.51	-14.18
Free Cash Flow Growth	-96.77%	-	-	-
Free Cash Flow Margin	0.30%	9.02%	-2.59%	-0.16%
Free Cash Flow Per Share	0.01	0.26	-0.08	-0.00
Cash Interest Paid	1.96	-	1.74	6.09
Cash Income Tax Paid	146	336.13	278.82	320.13
Levered Free Cash Flow	-47.91	704.82	-942.95	-452.49
Unlevered Free Cash Flow	-32.82	714.66	-930.24	-448.8
Change in Working Capital	-548.55	147.19	-790.35	-379.65

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