SHE:002939 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	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	2,243	1,580	1,438	899.06	1,766	1,502	Upgrade
Depreciation & Amortization, Total	137.01	155.12	181.6	196.23	197.34	66.88	Upgrade
Gain (Loss) On Sale of Investments	-1,033	-917.01	-773.73	-780.36	-816.02	-566.1	Upgrade
Change in Accounts Receivable	3,456	-1,558	3,226	-508.66	-272.58	-9,104	Upgrade
Change in Accounts Payable	6,844	8,820	1,340	2,047	6,416	3,028	Upgrade
Change in Other Net Operating Assets	-	-	-	-10,198	-9,405	-457.54	Upgrade
Other Operating Activities	936.31	1,009	1,003	908.57	1,046	727.02	Upgrade
Operating Cash Flow	17,096	13,270	-4,721	-6,771	-1,229	-4,766	Upgrade
Capital Expenditures	-77.72	-88.8	-107.51	-84.83	-83.79	-94.19	Upgrade
Investment in Securities	-4,501	-3,534	-2,866	689.59	527.76	687.37	Upgrade
Other Investing Activities	814.36	725.64	610.86	532.48	347.92	326.15	Upgrade
Investing Cash Flow	-3,765	-2,897	-2,362	1,138	792.26	919.9	Upgrade
Short-Term Debt Issued	-	-	-	617.17	1,140	382.91	Upgrade
Long-Term Debt Issued	-	22,729	28,791	16,427	27,952	27,963	Upgrade
Total Debt Issued	21,386	22,729	28,791	17,044	29,091	28,346	Upgrade
Short-Term Debt Repaid	-	-	-	-	-21,690	-19,533	Upgrade
Long-Term Debt Repaid	-	-24,264	-20,677	-19,393	-	-	Upgrade
Total Debt Repaid	-22,562	-24,264	-20,677	-19,393	-21,690	-19,533	Upgrade
Net Debt Issued (Repaid)	-1,176	-1,536	8,115	-2,349	7,402	8,813	Upgrade
Issuance of Common Stock	-	-	-	7,556	-	-	Upgrade
Common Dividends Paid	-1,558	-1,666	-1,266	-1,422	-1,152	-959.87	Upgrade
Other Financing Activities	-0.7	-0.7	-22.05	-162.05	-150.38	-8.39	Upgrade
Financing Cash Flow	-2,734	-3,203	6,827	3,623	6,100	7,844	Upgrade
Foreign Exchange Rate Adjustments	-0.49	1.05	4.68	5.23	-1.45	-3.76	Upgrade
Net Cash Flow	10,597	7,171	-251.34	-2,006	5,661	3,995	Upgrade
Free Cash Flow	17,018	13,181	-4,828	-6,856	-1,313	-4,860	Upgrade
Free Cash Flow Growth	788.91%	-	-	-	-	-	Upgrade
Free Cash Flow Margin	346.06%	326.75%	-121.78%	-221.13%	-16.95%	-71.40%	Upgrade
Free Cash Flow Per Share	4.21	3.27	-1.21	-1.98	-0.42	-1.55	Upgrade
Cash Interest Paid	1,592	1,586	1,405	1,345	1,269	1,092	Upgrade
Cash Income Tax Paid	506.36	246.83	409.42	370.96	608.9	499.69	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.