SHE:002501 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-171.13	-179.25	-718.1	-181.27	-406.18	-449.37
Depreciation & Amortization	41.6	41.6	90.04	109.76	131.3	177.5
Other Amortization	-	-	0.68	-	-	-
Loss (Gain) From Sale of Assets	-1.44	-1.44	0.47	-0.18	-0.08	-
Asset Writedown & Restructuring Costs	58.72	58.72	390.4	21.09	93.11	302.97
Loss (Gain) From Sale of Investments	-0.03	-0.03	24.01	-14.14	-0.82	-127.35
Provision & Write-off of Bad Debts	-	-	78.81	-2.81	4.21	3.59
Other Operating Activities	28.85	29.88	35.06	42.91	64.58	59.96
Change in Accounts Receivable	-462.9	-462.9	-89.24	-202.2	-108.45	29.61
Change in Inventory	-6.35	-6.35	25.72	15.1	23.26	-47.16
Change in Accounts Payable	363.56	363.56	-57.15	-59.8	-41.48	-659.8
Operating Cash Flow	-149.12	-156.22	-219.3	-271.54	-240.55	-710.04
Capital Expenditures	-4.61	-3.3	-7.81	-13.47	-15.17	-67.64
Sale of Property, Plant & Equipment	3.32	3.32	44.15	0.35	0.46	-
Investment in Securities	-	-	-	-	-	-0
Other Investing Activities	-	-	-	-	-	8.85
Investing Cash Flow	-1.29	0.02	36.34	-13.12	-14.71	-58.79
Short-Term Debt Issued	-	-	-	50	-	108.85
Long-Term Debt Issued	-	182.2	-	-	-	-
Total Debt Issued	182.2	182.2	-	50	-	108.85
Short-Term Debt Repaid	-	-	-	-	-	-50
Long-Term Debt Repaid	-	-36.94	-72.9	-59.7	-60.26	-107.35
Total Debt Repaid	-65.93	-36.94	-72.9	-59.7	-60.26	-157.35
Net Debt Issued (Repaid)	116.27	145.26	-72.9	-9.7	-60.26	-48.49
Repurchase of Common Stock	-	-	-5.5	-	-	-
Common Dividends Paid	-4.65	-4.65	-6.72	-5.14	-6.8	-10.1
Other Financing Activities	20.12	50.89	165.23	291.05	131.99	-
Financing Cash Flow	131.74	191.51	80.11	276.21	64.93	-58.59
Foreign Exchange Rate Adjustments	-	-	-	-	0	0.01
Net Cash Flow	-18.67	35.31	-102.85	-8.45	-190.33	-827.42
Free Cash Flow	-153.73	-159.52	-227.11	-285.01	-255.72	-777.68
Free Cash Flow Margin	-66.33%	-71.34%	-68.09%	-59.77%	-50.33%	-211.93%
Free Cash Flow Per Share	-0.04	-0.04	-0.06	-0.08	-0.07	-0.23
Cash Interest Paid	-	-	-	4.68	-	-
Cash Income Tax Paid	11.16	6.46	8.86	21.43	5.38	143.44
Levered Free Cash Flow	44.58	156.31	129.82	164.34	-156.12	-563.75
Unlevered Free Cash Flow	44.58	156.31	133.66	173.41	-150.86	-553.11
Change in Working Capital	-105.69	-105.69	-120.67	-246.91	-126.67	-677.35

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