SHE:002705 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	1,053	977.14	961.39	792.45
Depreciation & Amortization	639.8	588.5	502.59	437.66
Other Amortization	57.08	28	22.92	26.44
Loss (Gain) From Sale of Assets	0.99	-10.63	-1.5	-8.76
Asset Writedown & Restructuring Costs	6.78	6.6	23.21	4.87
Loss (Gain) From Sale of Investments	71.26	78.82	66.36	-75.44
Provision & Write-off of Bad Debts	6.44	-5.79	17.77	-2.92
Other Operating Activities	40.79	156.49	121.09	59.15
Change in Accounts Receivable	-376.81	-349.01	34.18	283.29
Change in Inventory	-385.81	-186.52	989.23	-540.05
Change in Accounts Payable	229.56	634.93	-1,294	-118.83
Change in Other Net Operating Assets	31.47	-	-	-
Operating Cash Flow	1,353	1,909	1,423	846.39
Operating Cash Flow Growth	-29.10%	34.15%	68.10%	-66.28%
Capital Expenditures	-1,036	-1,984	-1,038	-1,078
Sale of Property, Plant & Equipment	11.99	9.63	9.46	17.5
Cash Acquisitions	-	-280.39	-	-
Investment in Securities	-191.94	172.25	-72	99.2
Other Investing Activities	-90.12	-95.9	0.72	156.89
Investing Cash Flow	-1,306	-2,179	-1,099	-804.76
Short-Term Debt Issued	45.82	27.59	100.78	64.81
Long-Term Debt Issued	1,064	519.5	1,873	789.51
Total Debt Issued	1,110	547.09	1,974	854.32
Long-Term Debt Repaid	-1,062	-619.86	-1,432	-735.44
Total Debt Repaid	-1,062	-619.86	-1,432	-735.44
Net Debt Issued (Repaid)	47.77	-72.77	542.08	118.89
Issuance of Common Stock	-	-	79.39	-
Repurchase of Common Stock	-79.95	-80	-	-250.02
Common Dividends Paid	-352.84	-345.79	-186.06	-502.99
Other Financing Activities	-62.2	-58.2	-30	-26.96
Financing Cash Flow	-447.22	-556.76	405.42	-661.08
Foreign Exchange Rate Adjustments	121.43	54.7	153.3	-40.69
Net Cash Flow	-278.26	-772.18	882.13	-660.14
Free Cash Flow	317.59	-75.71	385.23	-231.95
Free Cash Flow Margin	1.89%	-0.52%	2.81%	-1.55%
Free Cash Flow Per Share	0.39	-0.09	0.47	-0.28
Cash Interest Paid	-	-	12.98	12.59
Cash Income Tax Paid	-489.79	-258.22	-266.13	-648.88
Levered Free Cash Flow	144.43	-406.41	260.18	-484.01
Unlevered Free Cash Flow	201.7	-351.23	294.25	-472.13
Change in Working Capital	-522.68	89.65	-291	-387.05

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