SHE:002638 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-343.45	-327.12	-249.36	-59.07	43.44	-862.41
Depreciation & Amortization	25.56	25.56	28.65	36.62	54.21	125.97
Other Amortization	0.53	0.53	0.73	0.7	1.85	49.51
Loss (Gain) From Sale of Assets	135.49	135.49	25.85	-4.2	-1.3	-1.05
Asset Writedown & Restructuring Costs	0.08	0.08	106.5	18.25	0.13	491.35
Loss (Gain) From Sale of Investments	96.91	96.91	30.54	-146.19	-152.36	83.97
Provision & Write-off of Bad Debts	10.35	10.35	25.25	60.12	3.58	76.88
Other Operating Activities	4.93	5.85	5.29	46.61	38.07	55.69
Change in Accounts Receivable	10.9	10.9	-51.1	34.81	4.95	84.88
Change in Inventory	15.33	15.33	14.2	51.82	146.29	-114.51
Change in Accounts Payable	-3.74	-3.74	5.89	20.89	-54.09	-243.19
Operating Cash Flow	-43.23	-25.97	-56.26	58.35	94.48	-238.3
Operating Cash Flow Growth	-	-	-	-38.24%	-	-
Capital Expenditures	-58.51	-68.63	-44.18	-14.05	-6.21	-20.2
Sale of Property, Plant & Equipment	377.9	377.92	0.56	0.26	0.61	1.66
Cash Acquisitions	-	-	-	-	-	0.16
Divestitures	-	-	-	-	43.88	28.12
Investment in Securities	-172.24	32.74	-235.41	164.84	-640.62	554.95
Other Investing Activities	10.1	14.06	13.17	16.81	8.88	26.09
Investing Cash Flow	157.25	356.08	-265.86	167.86	-593.46	590.78
Long-Term Debt Repaid	-	-6.26	-3.99	-0.1	-18.76	-96.29
Total Debt Repaid	-6.26	-6.26	-3.99	-0.1	-18.76	-96.29
Net Debt Issued (Repaid)	-6.26	-6.26	-3.99	-0.1	-18.76	-96.29
Repurchase of Common Stock	-	-	-30.05	-0	-	-
Other Financing Activities	0.02	-	-	-	0.01	-
Financing Cash Flow	-6.24	-6.26	-34.04	-0.1	-18.76	-96.29
Foreign Exchange Rate Adjustments	1.37	2.16	4.48	1.96	7.39	-4.15
Net Cash Flow	109.15	326.02	-351.68	228.08	-510.33	252.03
Free Cash Flow	-101.74	-94.6	-100.44	44.3	88.28	-258.5
Free Cash Flow Growth	-	-	-	-49.82%	-	-
Free Cash Flow Margin	-29.08%	-24.51%	-26.54%	13.46%	15.56%	-24.62%
Free Cash Flow Per Share	-0.07	-0.07	-0.07	0.03	0.06	-0.17
Cash Income Tax Paid	-	-20.49	-16.25	-10.48	-18.29	4.52
Levered Free Cash Flow	-54.45	-61.09	40.25	90.54	-32.21	-84.26
Unlevered Free Cash Flow	-54.14	-60.78	40.53	90.74	-29.38	-77
Change in Working Capital	26.38	26.38	-29.7	105.53	106.87	-258.19

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