SHE:002630 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	-386.98	-348.23	-193.07	-757.08	-682.08	-465.75
Depreciation & Amortization	52.89	52.89	64.68	80.2	76.36	96.6
Other Amortization	0.11	0.11	0.04	0.04	0.09	0.12
Loss (Gain) From Sale of Assets	0.09	0.09	0.02	0.1	-0.1	0.28
Asset Writedown & Restructuring Costs	31.6	31.6	2.09	13.91	133.43	146.35
Loss (Gain) From Sale of Investments	-69.07	-69.07	-23.25	-1.56	-27.17	-24.2
Provision & Write-off of Bad Debts	361.04	361.04	-6.2	235.96	89.17	155.46
Other Operating Activities	1,156	324.64	362.57	352.9	356.03	219.48
Change in Accounts Receivable	-63.11	-63.11	-659.2	176.52	557.08	1,184
Change in Inventory	-142.27	-142.27	349.72	43.15	236.09	-591.91
Change in Accounts Payable	-130.46	-130.46	346.72	170.5	-777.21	-543.07
Operating Cash Flow	854.17	61.66	230.91	283.14	-186.96	37.51
Operating Cash Flow Growth	-	-73.30%	-18.45%	-	-	-94.66%
Capital Expenditures	-6.1	-4.71	-2.61	-11.57	-6.5	-1,271
Sale of Property, Plant & Equipment	0.14	0	0.05	-	0.02	0.04
Divestitures	10	10	78.23	-	-	0.09
Sale (Purchase) of Real Estate	-	-	100	100	-	-
Investment in Securities	-1.56	853.97	519.11	52.9	54.5	21.9
Other Investing Activities	-665.09	-665.71	-520.47	8.13	57.46	10.85
Investing Cash Flow	-662.61	193.56	174.3	149.46	105.49	-1,238
Long-Term Debt Issued	-	879.21	869.9	2,670	2,808	3,413
Long-Term Debt Repaid	-	-1,091	-1,025	-2,769	-2,623	-2,213
Net Debt Issued (Repaid)	-109.66	-212.21	-155.43	-98.54	185.82	1,200
Issuance of Common Stock	4.28	-	-	-	-	-
Common Dividends Paid	-80.46	-99.99	-123.07	-353.59	-162.87	-138.97
Other Financing Activities	12.52	-1.53	-133.05	11.95	-7	-39.62
Financing Cash Flow	-173.32	-313.73	-411.55	-440.18	15.95	1,021
Foreign Exchange Rate Adjustments	0.08	0.02	0.14	0.46	-0.15	-0.61
Net Cash Flow	18.33	-58.49	-6.19	-7.11	-65.67	-179.64
Free Cash Flow	848.08	56.95	228.29	271.57	-193.46	-1,233
Free Cash Flow Growth	-	-75.05%	-15.94%	-	-	-
Free Cash Flow Margin	42.66%	2.20%	12.23%	31.61%	-12.75%	-55.87%
Free Cash Flow Per Share	0.72	0.05	0.19	0.23	-0.16	-1.04
Cash Income Tax Paid	34.16	89.12	6.02	-80	29.74	97.37
Levered Free Cash Flow	25.52	-805.31	-0.08	3,092	165.07	-4,133
Unlevered Free Cash Flow	232.75	-610.49	216.48	3,315	391.38	-3,987
Change in Working Capital	-291.41	-291.41	24.01	358.67	-132.69	-90.83

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