SHE:002941 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	587.62	319.69	333.82	351.58	252.79	114.66
Depreciation & Amortization	64.04	64.04	60.68	59.64	75.39	74.6
Other Amortization	5.82	5.82	4.39	8.57	5.82	1.33
Loss (Gain) From Sale of Assets	-0.03	-0.03	-0.64	-0.13	-2.7	-2.07
Asset Writedown & Restructuring Costs	11.32	11.32	-157.52	129.91	252.28	-108.6
Loss (Gain) From Sale of Investments	139.15	139.15	16.71	0.95	-3.85	-5.27
Other Operating Activities	1,108	247.71	240.26	206.76	248.12	113.36
Change in Accounts Receivable	61.41	61.41	47.09	102.75	-1,318	-1,218
Change in Inventory	-56.58	-56.58	68.53	-0.5	-7.35	-58.15
Change in Accounts Payable	-554.3	-554.3	-1,228	-801.91	2,223	1,144
Operating Cash Flow	1,362	234.05	-608.38	53.66	1,689	60.28
Operating Cash Flow Growth	-	-	-	-96.82%	2701.42%	-
Capital Expenditures	-1,329	-375.26	-32.89	-169.45	-31.45	-11.69
Sale of Property, Plant & Equipment	9.43	0.23	2.02	-	8.78	0
Divestitures	-	-	-	-	-16.09	-
Investment in Securities	622.71	24.48	-382.73	-250.02	-340.7	-190.25
Other Investing Activities	0.29	9.74	4.81	5.22	5.76	3.6
Investing Cash Flow	-696.83	-340.81	-408.79	-414.26	-373.7	-198.33
Long-Term Debt Issued	-	1,587	2,095	3,018	2,110	2,966
Long-Term Debt Repaid	-	-1,379	-937.45	-1,665	-2,638	-2,410
Net Debt Issued (Repaid)	303.69	208.23	1,157	1,354	-527.91	556.09
Common Dividends Paid	-302.39	-345.33	-285.47	-272.18	-224.5	-259.7
Other Financing Activities	331.02	65.33	1.67	41.32	-13	947.83
Financing Cash Flow	332.33	-71.77	873.52	1,123	-765.41	1,244
Foreign Exchange Rate Adjustments	-0.03	-0.86	0.95	-3.15	-14.74	-3.42
Net Cash Flow	997.54	-179.39	-142.7	759.03	534.83	1,103
Free Cash Flow	32.81	-141.21	-641.27	-115.8	1,657	48.59
Free Cash Flow Growth	-	-	-	-	3310.90%	-
Free Cash Flow Margin	0.39%	-2.06%	-7.92%	-1.47%	14.26%	0.68%
Free Cash Flow Per Share	0.04	-0.19	-0.90	-0.17	2.49	0.08
Cash Income Tax Paid	367.48	89.07	228.31	101.32	288.99	235.41
Levered Free Cash Flow	72.3	494.74	-750.04	89.77	2,432	1,705
Unlevered Free Cash Flow	203.4	644.72	-600.42	221.69	2,573	1,773
Change in Working Capital	-553.65	-553.65	-1,106	-703.62	860.82	-127.74

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