SHE:002771 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	-22.64	7.06	-48.87	9.76	13.32	20.43
Depreciation & Amortization	30.16	30.16	23.52	12.97	10.31	12
Other Amortization	0.94	0.94	0.52	0.05	5.4	6.55
Loss (Gain) From Sale of Assets	-0	-0	-	-	-0.07	-
Asset Writedown & Restructuring Costs	0.76	0.76	0.69	0.09	12.84	19.69
Loss (Gain) From Sale of Investments	0.18	0.18	-17.51	2.07	0.27	0.26
Provision & Write-off of Bad Debts	-45.5	-45.5	20.71	22.15	-	-
Other Operating Activities	34.74	0.23	3.66	2.03	-1	0.48
Change in Accounts Receivable	60.23	60.23	47.56	-7.73	31.87	21.89
Change in Inventory	27.53	27.53	-19.5	95.9	-18.69	1.79
Change in Accounts Payable	-43.79	-43.79	-11.12	-98.09	5.23	-32.76
Operating Cash Flow	51.07	46.26	-3.95	37.16	55.94	47.18
Operating Cash Flow Growth	85.55%	-	-	-33.57%	18.58%	63.84%
Capital Expenditures	-1.9	-14.1	-29.12	-20.82	-3.96	-0.58
Sale of Property, Plant & Equipment	0.05	0.01	-	-	0.15	0.01
Cash Acquisitions	-	-	-12.15	-	-	-
Divestitures	-	-	3.51	-	1.34	-
Investment in Securities	0.98	-3.37	3.36	-32.85	0.41	8.2
Other Investing Activities	-	-	-	-	-	0.03
Investing Cash Flow	-0.87	-17.46	-34.4	-53.68	-2.06	7.65
Short-Term Debt Issued	-	130.49	74.19	40	10.26	59.8
Total Debt Issued	113	130.49	74.19	40	10.26	59.8
Short-Term Debt Repaid	-	-98.75	-46.62	-7.44	-20	-78.86
Long-Term Debt Repaid	-	-5.29	-5.88	-3.06	-0.96	-
Total Debt Repaid	-149.62	-104.05	-52.51	-10.5	-20.96	-78.86
Net Debt Issued (Repaid)	-36.62	26.45	21.69	29.5	-10.7	-19.06
Repurchase of Common Stock	-	-	-	-	-	-1.37
Common Dividends Paid	-5.69	-3.48	-4.93	-3.23	-4.91	-9.1
Other Financing Activities	7.31	9.46	-0.66	-	-	-
Financing Cash Flow	-34.99	32.42	16.11	26.26	-15.61	-29.53
Net Cash Flow	15.2	61.22	-22.25	9.75	38.27	25.3
Free Cash Flow	49.17	32.16	-33.07	16.34	51.98	46.6
Free Cash Flow Growth	-	-	-	-68.57%	11.55%	116.67%
Free Cash Flow Margin	9.69%	6.00%	-7.40%	2.52%	8.11%	7.04%
Free Cash Flow Per Share	0.21	0.14	-0.16	0.08	0.23	0.23
Cash Income Tax Paid	18.53	11.33	20.92	23.75	26.14	27.78
Levered Free Cash Flow	55.39	8.4	-7.99	48.44	56.66	31.08
Unlevered Free Cash Flow	57.78	10.93	-6.38	48.83	57.14	32.19
Change in Working Capital	52.43	52.43	13.33	-11.96	14.88	-12.24

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