SHE:002507 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	799.35	826.58	898.8	741.96
Depreciation & Amortization	111.89	115.42	117.37	101.64
Other Amortization	-	-	-	0.01
Loss (Gain) From Sale of Assets	-2.45	-0.71	-	-0.04
Asset Writedown & Restructuring Costs	2.26	0.55	0.29	2.58
Loss (Gain) From Sale of Investments	-62.01	-77.96	-83.49	-42.92
Provision & Write-off of Bad Debts	-0.03	-6.46	3.54	-
Other Operating Activities	-79.23	-79.53	-87.99	-46.49
Change in Accounts Receivable	-1.25	6.18	10.35	14.45
Change in Inventory	-66.14	-24.93	-69.15	-18.48
Change in Accounts Payable	110.69	-319.46	287.07	-18.38
Operating Cash Flow	816.94	435.49	1,079	745.48
Operating Cash Flow Growth	87.59%	-59.64%	44.75%	-20.61%
Capital Expenditures	-261.33	-114.68	-131.42	-140.9
Sale of Property, Plant & Equipment	3.6	2.71	0.11	0.2
Investment in Securities	-940	202.17	-560	-3,283
Other Investing Activities	101.74	180.51	155.38	5.54
Investing Cash Flow	-1,096	270.71	-535.94	-3,418
Long-Term Debt Repaid	-0.86	-1.54	-1.43	-1.48
Net Debt Issued (Repaid)	-0.86	-1.54	-1.43	-1.48
Issuance of Common Stock	-	-	-	3,280
Common Dividends Paid	-346.18	-337.3	-310.67	-266.29
Financing Cash Flow	-347.04	-338.84	-312.11	3,012
Foreign Exchange Rate Adjustments	0.36	-0.12	0.54	-0.1
Net Cash Flow	-625.74	367.23	231.59	339.04
Free Cash Flow	555.61	320.8	947.68	604.58
Free Cash Flow Growth	73.19%	-66.15%	56.75%	-21.17%
Free Cash Flow Margin	23.28%	13.10%	37.19%	24.00%
Free Cash Flow Per Share	0.48	0.28	0.82	0.55
Cash Income Tax Paid	358.96	399.66	349.4	337.12
Levered Free Cash Flow	414.92	162.08	732.96	424.88
Unlevered Free Cash Flow	414.94	162.11	733.03	424.93
Change in Working Capital	47.18	-342.4	230.58	-11.25

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