SHE:002802 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	45.77	59.24	50.88	84.56	85.93	91.9
Depreciation & Amortization	19.65	19.65	21.56	24.9	27.52	26.41
Other Amortization	0.13	0.13	0.18	0.08	0.15	0.15
Loss (Gain) From Sale of Assets	-0.15	-0.15	-2.81	-0.17	-0.15	-0.34
Asset Writedown & Restructuring Costs	-4.75	-4.75	-6.2	-3.93	0.19	1.6
Loss (Gain) From Sale of Investments	-2.22	-2.22	-1.83	-1.99	-4.52	-6.28
Provision & Write-off of Bad Debts	0.41	0.41	0.6	-2.51	0.03	-
Other Operating Activities	68.93	-1.14	-0.75	-0.77	0.29	0.62
Change in Accounts Receivable	-58.3	-58.3	5.97	154.26	-82.34	-59.78
Change in Inventory	6.67	6.67	11.39	-5.02	1.46	-5.85
Change in Accounts Payable	7.7	7.7	6.48	-64.56	33.12	45.96
Change in Other Net Operating Assets	0.14	0.14	4.7	6.16	1.03	5.59
Operating Cash Flow	83.8	27.2	91.39	191.56	62.9	99.14
Operating Cash Flow Growth	104.03%	-70.24%	-52.29%	204.55%	-36.55%	-10.86%
Capital Expenditures	-7.73	-11.14	-14.51	-19.7	-4.08	-19.24
Sale of Property, Plant & Equipment	0.05	0.3	7.31	0.64	0.19	0.75
Divestitures	-	-	-	-	0.05	-
Investment in Securities	25	125	-15.16	-153.66	10.5	4
Other Investing Activities	6.49	7.72	8.32	5.31	4.41	6.78
Investing Cash Flow	23.81	121.88	-14.04	-167.4	11.07	-7.71
Long-Term Debt Repaid	-	-0.4	-0.4	-0.29	-0.31	-
Total Debt Repaid	-0.4	-0.4	-0.4	-0.29	-0.31	-
Net Debt Issued (Repaid)	-0.4	-0.4	-0.4	-0.29	-0.31	-
Issuance of Common Stock	-	-	-	17.24	-	8.13
Repurchase of Common Stock	-32.92	-32.92	-	-	-0.1	-
Common Dividends Paid	-39.26	-66.17	-84.7	-43.34	-53	-84.42
Other Financing Activities	25.66	-	-	-0.1	0.19	-
Financing Cash Flow	-46.93	-99.49	-85.1	-26.48	-53.23	-76.28
Foreign Exchange Rate Adjustments	1.19	1.24	0.71	1.29	-0.4	-0.62
Net Cash Flow	61.87	50.84	-7.04	-1.04	20.35	14.53
Free Cash Flow	76.07	16.05	76.88	171.87	58.82	79.9
Free Cash Flow Growth	232.35%	-79.12%	-55.27%	192.17%	-26.38%	-14.46%
Free Cash Flow Margin	18.59%	3.52%	20.62%	33.27%	7.85%	14.67%
Free Cash Flow Per Share	0.42	0.09	0.42	0.95	0.33	0.45
Cash Income Tax Paid	14.98	14.36	12.97	16.23	17.51	27.48
Levered Free Cash Flow	99.08	4.59	60.51	143.64	30.64	63.12
Unlevered Free Cash Flow	99.08	4.59	60.51	143.65	30.64	63.16
Change in Working Capital	-43.97	-43.97	29.76	91.41	-46.55	-14.92

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