SHE:002586 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	-30.51	-151.09	-137.11	-497.07	-27.38	-410.35
Depreciation & Amortization	28.23	28.23	32.49	34.71	16.28	29.25
Other Amortization	1.2	1.2	0.58	0.56	0.27	0.95
Loss (Gain) From Sale of Assets	0.41	0.41	0.13	-4.96	-5.73	12.45
Asset Writedown & Restructuring Costs	86.6	86.6	37.66	257.64	118.81	140.01
Loss (Gain) From Sale of Investments	-55.44	-55.44	-36.3	-67.86	29.22	9.62
Provision & Write-off of Bad Debts	44.95	44.95	-21.63	161.71	54.39	17
Other Operating Activities	-260.37	73.6	81.73	94.81	137.13	132.54
Change in Accounts Receivable	-63.24	-63.24	350.02	-46.14	-238.61	395.55
Change in Inventory	-59.97	-59.97	-20.11	-95.67	-36.53	-44.36
Change in Accounts Payable	60.71	60.71	-251.28	52.69	108.65	-312.47
Operating Cash Flow	-273.43	-60.04	13.15	-98.71	100.2	7.89
Operating Cash Flow Growth	-	-	-	-	1169.61%	-
Capital Expenditures	-132.34	-71.75	-377.51	-552.31	-542.46	-730.91
Sale of Property, Plant & Equipment	-0.01	1.41	0.13	0.07	6.17	21.71
Cash Acquisitions	-	-	-	0.01	100.57	-
Divestitures	0	0	-	-	-	-109.49
Investment in Securities	49.04	50	-27.18	-1.13	137.05	47.49
Other Investing Activities	731.6	852.85	309.32	819.39	447.5	725.36
Investing Cash Flow	648.29	832.51	-95.24	266.03	229.93	-52.71
Long-Term Debt Issued	-	855.85	1,255	797.85	1,257	1,259
Long-Term Debt Repaid	-	-974.76	-1,261	-1,430	-1,548	-1,557
Net Debt Issued (Repaid)	-548.13	-118.91	-6.05	-632.6	-291.59	-298.57
Common Dividends Paid	-23.31	-49.95	-	-113.81	-76.04	-89.6
Other Financing Activities	3.7	3.7	-64.64	948.7	3.91	0.58
Financing Cash Flow	-567.73	-165.17	-70.7	202.28	-363.72	-387.59
Net Cash Flow	-192.87	607.31	-152.78	369.6	-33.59	-432.41
Free Cash Flow	-405.77	-131.79	-364.36	-651.02	-442.26	-723.02
Free Cash Flow Margin	-16.79%	-5.31%	-17.09%	-25.43%	-17.14%	-33.62%
Free Cash Flow Per Share	-0.35	-0.12	-0.32	-0.57	-0.39	-0.63
Cash Interest Paid	-	-	64.64	-	-	-
Cash Income Tax Paid	194.1	180.82	112.44	128.06	60.05	112.05
Levered Free Cash Flow	-163.62	166.48	-541.95	265.02	-792.27	-78.87
Unlevered Free Cash Flow	-143.84	201.55	-501.55	316.51	-719.81	4.71
Change in Working Capital	-88.49	-88.49	55.61	-78.25	-222.78	76.43

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