SHE:002644 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	59.08	60.07	67.19	108.65	93.26	108.02
Depreciation & Amortization	51.22	51.22	52.49	49.94	48.56	45.13
Other Amortization	4.65	4.65	5.98	3.65	0.38	7.62
Loss (Gain) From Sale of Assets	-0.04	-0.04	-	-0	-27.18	-70.59
Asset Writedown & Restructuring Costs	-	-	0	0.2	0.37	-0.15
Loss (Gain) From Sale of Investments	7.23	7.23	4.49	1.3	0.85	4.05
Provision & Write-off of Bad Debts	29.77	29.77	15.07	-	-	-
Other Operating Activities	116.85	6.18	2.8	2.17	1.5	1.16
Change in Accounts Receivable	-62.2	-62.2	59.5	-189.54	-66.85	-48.9
Change in Inventory	30.26	30.26	-7.3	-76.02	-0.8	28.94
Change in Accounts Payable	-79.85	-79.85	-134.73	163.45	-49.49	-17.81
Change in Other Net Operating Assets	-	-	-	23.32	11.09	3.12
Operating Cash Flow	148.67	38.98	65.71	86.61	11.85	62.89
Operating Cash Flow Growth	37.80%	-40.67%	-24.13%	630.59%	-81.15%	31.50%
Capital Expenditures	-16.3	-13.29	-22.47	-41.53	-32.81	-122.58
Sale of Property, Plant & Equipment	0.01	0.02	0	0.04	41.3	93.14
Cash Acquisitions	-	-	-15.46	-	-	-
Investment in Securities	0.34	0.34	2	-2.13	32.48	-32.94
Other Investing Activities	-4.79	1.21	1.77	0.75	1.67	0.49
Investing Cash Flow	-20.74	-11.72	-34.16	-42.87	42.65	-61.89
Short-Term Debt Issued	-	-	-	-	-	19.61
Long-Term Debt Issued	-	12	25.66	2.6	-	-
Total Debt Issued	16	12	25.66	2.6	-	19.61
Short-Term Debt Repaid	-	-	-	-	-	-14.54
Long-Term Debt Repaid	-	-23.89	-21.45	-28.31	-35.27	-
Total Debt Repaid	-30.61	-23.89	-21.45	-28.31	-35.27	-14.54
Net Debt Issued (Repaid)	-14.61	-11.89	4.21	-25.71	-35.27	5.07
Common Dividends Paid	-7.65	-15.96	-27.94	-7.09	-61.43	-30.64
Other Financing Activities	-1.21	-1.16	-1.26	3.74	3.3	2.02
Financing Cash Flow	-23.48	-29	-25	-29.06	-93.41	-23.55
Foreign Exchange Rate Adjustments	0.31	0.31	0.67	0.7	-0.21	-0.08
Net Cash Flow	104.76	-1.43	7.23	15.38	-39.11	-22.62
Free Cash Flow	132.37	25.7	43.24	45.08	-20.95	-59.69
Free Cash Flow Growth	54.18%	-40.58%	-4.08%	-	-	-
Free Cash Flow Margin	14.78%	2.62%	3.72%	4.32%	-2.56%	-8.94%
Free Cash Flow Per Share	0.26	0.05	0.09	0.09	-0.04	-0.12
Cash Interest Paid	-	-	-	-	0.95	1.28
Cash Income Tax Paid	97.66	81.59	101.13	68.65	78.4	59.6
Levered Free Cash Flow	83.3	-9.53	60.54	-23.75	-41.83	-100.66
Unlevered Free Cash Flow	84.27	-9.02	61.32	-22.91	-41.24	-99.86
Change in Working Capital	-120.1	-120.1	-82.3	-79.31	-105.88	-32.35

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