SHE:002691 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	-34.07	-1.8	-1.82	13.51	16.64	-15.62
Depreciation & Amortization	25.54	25.54	24.45	22.54	23.41	19.79
Other Amortization	1.09	1.09	0.26	0.11	-	0.03
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0.02	-0.15	-0.94	-0.08
Asset Writedown & Restructuring Costs	15.1	15.1	12.06	1.21	13.87	16.61
Loss (Gain) From Sale of Investments	-27.18	-27.18	-7.25	-0.02	0.42	1.89
Other Operating Activities	-76.76	1.02	3.18	4.08	2.97	-0.31
Change in Accounts Receivable	-25.62	-25.62	1.07	-146.21	45.34	43.47
Change in Inventory	-19.89	-19.89	54.86	-18.75	6.12	-8.1
Change in Accounts Payable	25.41	25.41	1.68	139.36	-107.21	-39.57
Change in Other Net Operating Assets	0.74	0.74	0.02	2.62	-	-
Operating Cash Flow	-117.93	-7.88	82.22	14.56	0.75	15.22
Operating Cash Flow Growth	-	-	464.62%	1846.15%	-95.08%	-
Capital Expenditures	-26.65	-12.88	-13.82	-13.66	-3.24	-9.38
Sale of Property, Plant & Equipment	0.19	0.01	0.03	0.24	4.81	-
Investment in Securities	30	30	-30	-	-	-
Other Investing Activities	0.07	1.41	-	0.02	-	-
Investing Cash Flow	3.61	18.54	-43.79	-13.41	1.58	-9.38
Short-Term Debt Issued	-	80	70	135	105	130
Total Debt Issued	150	80	70	135	105	130
Short-Term Debt Repaid	-	-90	-80	-140	-90	-130
Total Debt Repaid	-80	-90	-80	-140	-90	-130
Net Debt Issued (Repaid)	70	-10	-10	-5	15	-
Common Dividends Paid	-	-	-5.01	-6.18	-	-6.95
Other Financing Activities	-2.8	-2.67	-0	14.5	-0.99	-0
Financing Cash Flow	67.2	-12.67	-15.01	3.32	14.01	-6.95
Foreign Exchange Rate Adjustments	-0.01	-0.03	-0.02	-0.01	-0.03	0.06
Net Cash Flow	-47.13	-2.04	23.41	4.46	16.31	-1.06
Free Cash Flow	-144.58	-20.76	68.4	0.9	-2.49	5.84
Free Cash Flow Growth	-	-	7474.42%	-	-	-
Free Cash Flow Margin	-38.68%	-5.42%	20.31%	0.27%	-0.70%	2.42%
Free Cash Flow Per Share	-0.80	-0.12	0.38	0.00	-0.01	0.02
Cash Interest Paid	4.95	2.67	-	-	2.99	-
Cash Income Tax Paid	11.21	16.58	23.84	19.71	11.4	16.11
Levered Free Cash Flow	-89.65	20.84	52.79	35.75	-1.57	43.89
Unlevered Free Cash Flow	-87.79	22.51	53.76	36.91	0.3	46.78
Change in Working Capital	-21.64	-21.64	51.37	-26.73	-55.62	-7.08

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