SHE:002561 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	4.11	4.23	75.23	24.47	103.28	75.39
Depreciation & Amortization	85.02	85.02	88.55	70.92	75.29	42.53
Other Amortization	0.85	0.85	0.48	0.88	0.83	0.36
Loss (Gain) From Sale of Assets	15.26	15.26	-25.68	0.58	0.99	0.01
Asset Writedown & Restructuring Costs	-	-	-	2.43	-	48.81
Loss (Gain) From Sale of Investments	-15.93	-15.93	-18.7	-22.88	-19.01	-29.92
Provision & Write-off of Bad Debts	-0.02	-0.02	0.09	-0.01	-0.54	-
Other Operating Activities	65.4	14.11	18.5	16.29	21.18	10.39
Change in Accounts Receivable	3.9	3.9	6.86	-7.92	9.04	1.09
Change in Inventory	2.88	2.88	1.15	-0.55	-0.57	-0.62
Change in Accounts Payable	-59.42	-59.42	17.04	-45.17	-27.37	-32.02
Operating Cash Flow	95.36	44.19	167.85	38.21	161.15	113.73
Operating Cash Flow Growth	817.60%	-73.67%	339.31%	-76.29%	41.69%	-49.60%
Capital Expenditures	-17.06	-40.33	-17.97	-11.84	-33.45	-23.57
Sale of Property, Plant & Equipment	0	0.1	25.84	-	0.01	0
Investment in Securities	-678	-1,026	420	-	-	-
Other Investing Activities	-31.53	17.87	16.93	26.83	27.72	29.26
Investing Cash Flow	-726.58	-1,048	444.81	14.99	-5.72	5.69
Long-Term Debt Repaid	-	-42.3	-37.63	-30.77	-28.3	-
Net Debt Issued (Repaid)	-42.3	-42.3	-37.63	-30.77	-28.3	-
Common Dividends Paid	-24.95	-49.89	-49.89	-66.52	-49.89	-149.67
Other Financing Activities	-5.94	-6.16	-4.61	-6.38	-6.03	-18.22
Financing Cash Flow	-73.18	-98.34	-92.14	-103.67	-84.22	-167.9
Net Cash Flow	-704.4	-1,102	520.52	-50.47	71.21	-48.47
Free Cash Flow	78.31	3.85	149.88	26.37	127.7	90.16
Free Cash Flow Growth	-	-97.43%	468.34%	-79.35%	41.63%	-53.11%
Free Cash Flow Margin	20.49%	0.88%	27.68%	5.48%	20.63%	15.31%
Free Cash Flow Per Share	0.19	0.01	0.36	0.07	0.31	0.21
Cash Income Tax Paid	58.12	70.18	86.97	90.75	108.64	109.99
Levered Free Cash Flow	-846.92	-3.7	128.41	4.85	99.64	69.75
Unlevered Free Cash Flow	-843.97	-0.22	132.81	10.23	105.6	69.75
Change in Working Capital	-59.32	-59.32	29.37	-54.48	-20.86	-33.84

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