SHE:002887 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	118.59	99.9	113.61	153.77	166.04	281.43
Depreciation & Amortization	14.48	14.48	13.13	11.83	10.8	9
Other Amortization	0.01	0.01	0.25	0.27	0.36	0.27
Loss (Gain) From Sale of Assets	-0	-0	-0.01	-	-0.02	-
Asset Writedown & Restructuring Costs	3.95	3.95	-	7.67	-	25.95
Loss (Gain) From Sale of Investments	-9.6	-9.6	-0.87	-117.86	-92.34	-37.82
Provision & Write-off of Bad Debts	56.7	56.7	43.29	84.66	55.62	-
Other Operating Activities	3.73	58.57	57.02	79.35	40.31	23
Change in Accounts Receivable	63.08	63.08	37.33	-426.5	-406.84	-8.32
Change in Inventory	17.04	17.04	-15.2	134.15	136.29	-83.25
Change in Accounts Payable	-99.9	-99.9	-148.26	91.34	-84.18	68.34
Operating Cash Flow	163.53	199.67	105.66	8.54	-177.24	282.69
Operating Cash Flow Growth	-11.35%	88.98%	1136.59%	-	-	-13.30%
Capital Expenditures	-6.8	-9.28	-7.42	-24.64	-6.31	-808.63
Sale of Property, Plant & Equipment	0.04	0.02	0.02	-	0.03	0
Divestitures	-	-	-	-	-	-0.49
Investment in Securities	-109.89	-62.89	-721.69	233.61	-290.01	167.6
Other Investing Activities	333.26	8.81	0.58	1.06	0.73	4.14
Investing Cash Flow	216.6	-63.35	-728.51	210.03	-295.56	-637.38
Short-Term Debt Issued	-	-	-	-	-	2
Long-Term Debt Issued	-	147.62	53.45	323.17	1,071	339.01
Total Debt Issued	163.76	147.62	53.45	323.17	1,071	341.01
Short-Term Debt Repaid	-	-	-	-	-	-2.14
Long-Term Debt Repaid	-	-497.43	-355.19	-152.25	-59.82	-
Total Debt Repaid	-468.35	-497.43	-355.19	-152.25	-59.82	-2.14
Net Debt Issued (Repaid)	-304.59	-349.81	-301.74	170.92	1,012	338.86
Repurchase of Common Stock	-	-	-	-	-80	-
Common Dividends Paid	-105.9	-109.17	-147.21	-53.03	-192.42	-75.77
Other Financing Activities	-1.08	-0.6	-1.13	35.36	38.89	-59.33
Financing Cash Flow	-411.57	-459.59	-450.08	153.26	778.1	203.77
Net Cash Flow	-31.45	-323.26	-1,073	371.83	305.3	-150.92
Free Cash Flow	156.72	190.39	98.24	-16.1	-183.55	-525.94
Free Cash Flow Growth	-10.10%	93.79%	-	-	-	-
Free Cash Flow Margin	32.04%	47.43%	24.54%	-2.74%	-31.37%	-55.47%
Free Cash Flow Per Share	0.50	0.61	0.31	-0.05	-0.60	-1.68
Cash Income Tax Paid	61.08	25.44	41.86	4.23	68.14	105.55
Levered Free Cash Flow	53.99	255.43	-375.88	-153.78	-42.07	-636.98
Unlevered Free Cash Flow	92.18	300.74	-331.83	-101.02	-3.53	-621.49
Change in Working Capital	-24.34	-24.34	-120.76	-211.15	-358.01	-19.14

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