SHE:002827 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	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	148.17	97.76	53.44	52.59
Depreciation & Amortization	68.27	73.85	68.98	61
Other Amortization	4.13	5.5	3.77	2.71
Loss (Gain) From Sale of Assets	-0.33	-0.12	0.01	0.2
Asset Writedown & Restructuring Costs	33.91	17.61	24.61	0.02
Loss (Gain) From Sale of Investments	-0.31	4.33	-0.53	0.51
Provision & Write-off of Bad Debts	0.09	-0.18	-0.34	0.32
Other Operating Activities	53.5	54.15	32.59	30.68
Change in Accounts Receivable	-208.67	-257.03	-239.95	-101.99
Change in Inventory	2.66	-6.18	-35.7	-23.08
Change in Accounts Payable	-100.73	58.55	46.53	-38.88
Change in Other Net Operating Assets	2.5	11.04	-0.2	9.79
Operating Cash Flow	0.28	53.2	-46.91	-6.61
Operating Cash Flow Growth	-99.48%	-	-	-
Capital Expenditures	-30.04	-56	-45.44	-57.68
Sale of Property, Plant & Equipment	5.17	1.51	0.08	0.21
Cash Acquisitions	-	-0.03	0.15	-
Investment in Securities	-32	-20	-	8
Other Investing Activities	-	1.07	0.83	38.5
Investing Cash Flow	-56.87	-73.45	-44.39	-10.98
Short-Term Debt Issued	-	-	20.28	-
Long-Term Debt Issued	305.73	674.08	588.33	236.09
Total Debt Issued	305.73	674.08	608.61	236.09
Long-Term Debt Repaid	-391.25	-265.05	-260.37	-166.16
Total Debt Repaid	-391.25	-265.05	-260.37	-166.16
Net Debt Issued (Repaid)	-85.52	409.03	348.24	69.93
Common Dividends Paid	-64.63	-75.18	-50.88	-51.72
Other Financing Activities	-2.25	-3.17	37.44	-
Financing Cash Flow	-152.4	330.69	334.79	18.21
Net Cash Flow	-209	310.43	243.49	0.63
Free Cash Flow	-29.76	-2.8	-92.35	-64.29
Free Cash Flow Margin	-1.76%	-0.18%	-8.14%	-6.89%
Free Cash Flow Per Share	-0.11	-0.01	-0.33	-0.23
Cash Income Tax Paid	110.03	75.4	40.88	65.49
Levered Free Cash Flow	-165.83	-38.01	-120.99	-39.02
Unlevered Free Cash Flow	-148.22	-20.06	-108.78	-33.98
Change in Working Capital	-307.14	-199.71	-229.44	-154.63

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