SHE:002679 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	14.51	10.41	8.01	10.19	12.93	8.73
Depreciation & Amortization	4.75	4.75	5.86	5.51	4.94	3.85
Other Amortization	1.51	1.51	0.13	0.19	0.09	0.11
Loss (Gain) From Sale of Assets	0.06	0.06	0.01	0.1	0.11	-
Asset Writedown & Restructuring Costs	-0	-0	0	-0.02	-0.03	1.78
Loss (Gain) From Sale of Investments	4.64	4.64	-2.43	-2.52	-0.17	-1.1
Provision & Write-off of Bad Debts	-0.79	-0.79	-0.89	10.42	3.8	2.54
Other Operating Activities	54.77	47.68	52.75	55.67	51.25	52.7
Change in Accounts Receivable	-	-	-	-42.27	-12.47	-49.15
Change in Inventory	3.37	3.37	-53.47	-86.79	18.11	-115.26
Change in Accounts Payable	5.41	5.41	59.13	5.14	4.8	105.48
Operating Cash Flow	88.23	77.04	70.01	-44.74	83.03	9.61
Operating Cash Flow Growth	45.18%	10.04%	-	-	764.16%	-
Capital Expenditures	-38.39	-19.07	-3.94	-22.42	-7.26	-7.84
Sale of Property, Plant & Equipment	0	0.03	0.01	0.21	0.42	0
Investment in Securities	-	-0.4	-0.4	1.92	-	-
Other Investing Activities	-	-	-	0.9	-	-
Investing Cash Flow	-38.39	-19.44	-4.33	-19.38	-6.84	-7.84
Long-Term Debt Issued	-	150	557.84	396.2	486.19	533
Long-Term Debt Repaid	-	-230.59	-419.06	-398.36	-357.49	-446.82
Net Debt Issued (Repaid)	-23.02	-80.59	138.78	-2.16	128.71	86.18
Common Dividends Paid	-42.94	-53.24	-63.51	-62.89	-58.21	-57.28
Other Financing Activities	4.08	4	-	-	-	-
Financing Cash Flow	-61.88	-129.83	75.27	-65.05	70.49	28.9
Net Cash Flow	-12.03	-72.23	140.94	-129.18	146.68	30.66
Free Cash Flow	49.84	57.97	66.07	-67.16	75.77	1.77
Free Cash Flow Growth	-13.84%	-12.25%	-	-	4192.41%	-
Free Cash Flow Margin	32.97%	38.46%	44.75%	-38.58%	39.90%	1.19%
Free Cash Flow Per Share	0.19	0.22	0.25	-0.26	0.29	0.01
Cash Income Tax Paid	1.36	0.87	0.91	-1.63	1.66	3.05
Levered Free Cash Flow	4.7	5.91	11.35	-158.15	1.99	-70.53
Unlevered Free Cash Flow	30.85	35.26	44.7	-124	33.99	-37.59
Change in Working Capital	8.79	8.79	6.57	-124.28	10.11	-59

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