SHE:002546 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	699.03	266.68	61.91	11.16	223.24	183.4
Depreciation & Amortization	26.14	26.14	28.82	33.33	38.94	39.16
Other Amortization	3.72	3.72	2.45	2.51	3.53	3.18
Loss (Gain) From Sale of Assets	-	-	-	-	0.23	0.01
Asset Writedown & Restructuring Costs	3.61	3.61	-	-	-0.4	-3.96
Loss (Gain) From Sale of Investments	-157.97	-157.97	39.32	108.55	-199.91	-116.89
Provision & Write-off of Bad Debts	4.74	4.74	1.08	1.12	2.09	-
Other Operating Activities	-559.93	11.08	3.78	0.93	1.72	-0.9
Change in Accounts Receivable	58.08	58.08	-74.14	-27.7	-20.49	128.17
Change in Inventory	31.35	31.35	-29.62	-88.05	-28.04	36.64
Change in Accounts Payable	-11.76	-11.76	-23.96	88.09	12.69	-115.88
Operating Cash Flow	108.51	247.16	-5.82	112.94	28.05	150.13
Operating Cash Flow Growth	-62.04%	-	-	302.62%	-81.32%	-8.83%
Capital Expenditures	-8.8	-5.46	-7.18	-15.02	-16.16	-16.53
Sale of Property, Plant & Equipment	0.1	-	0.07	-	0.07	0.05
Divestitures	-	-	-	-	1.03	-
Investment in Securities	-268.6	-288.9	94.3	-36.64	44.07	-438.7
Other Investing Activities	214.19	67.18	34.18	46.03	121.73	115.62
Investing Cash Flow	-63.11	-227.18	121.38	-5.64	150.75	-339.55
Short-Term Debt Issued	-	24	24	20	20	20
Total Debt Issued	29	24	24	20	20	20
Short-Term Debt Repaid	-	-24	-20	-20	-20	-20
Total Debt Repaid	-24	-24	-20	-20	-20	-20
Net Debt Issued (Repaid)	5	-	4	-	-	-
Common Dividends Paid	-100.86	-100.93	-100.91	-100.9	-100.96	-11.68
Other Financing Activities	-	-	-	-0.01	-0.7	-11.43
Financing Cash Flow	-95.86	-100.93	-96.91	-100.91	-101.66	-23.1
Foreign Exchange Rate Adjustments	-	-	-	0	-	-
Net Cash Flow	-50.46	-80.95	18.65	6.4	77.14	-212.52
Free Cash Flow	99.71	241.7	-13	97.92	11.9	133.61
Free Cash Flow Growth	-64.47%	-	-	723.17%	-91.10%	3.72%
Free Cash Flow Margin	13.04%	31.53%	-2.10%	15.78%	2.56%	23.24%
Free Cash Flow Per Share	0.12	0.29	-0.01	0.09	0.01	0.16
Cash Interest Paid	0.92	0.92	0.82	0.81	0.88	0.95
Cash Income Tax Paid	78.15	42.67	57.98	31.33	47	60.16
Levered Free Cash Flow	156.85	201.19	-38.16	77.41	37.46	134.85
Unlevered Free Cash Flow	157.4	201.76	-37.65	77.92	38	135.45
Change in Working Capital	89.17	89.17	-143.17	-44.66	-41.39	46.14

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.