SHE:002958 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3,194	3,128	2,856	2,568	2,317	3,066
Depreciation & Amortization	375.31	375.31	387.23	416.18	404.98	414.69
Gain (Loss) on Sale of Assets	-41.04	-41.04	-76.8	-27.14	-2.35	1.73
Gain (Loss) on Sale of Investments	914.77	914.77	-868.4	-289.22	152.01	258.54
Total Asset Writedown	-	-	-13	40.2	16.03	55.98
Provision for Credit Losses	3,275	3,275	5,113	4,662	4,700	3,755
Change in Other Net Operating Assets	-14,838	-14,092	3,474	12,674	-1,945	-3,302
Other Operating Activities	-11,006	-4,379	-3,712	-3,171	-2,763	-2,682
Operating Cash Flow	-16,930	-11,239	6,474	16,048	1,975	780.28
Operating Cash Flow Growth	-	-	-59.66%	712.58%	153.11%	-87.68%
Capital Expenditures	-95.17	-88.41	-124.21	-121.9	-250.16	-336.48
Sale of Property, Plant and Equipment	10.45	46.59	85.8	37.12	25.49	13.3
Investment in Securities	14,684	3,952	-3,531	-20,929	3,587	-16,299
Other Investing Activities	5,876	6,627	7,418	5,088	5,093	5,008
Investing Cash Flow	20,475	10,537	3,849	-15,926	8,455	-11,614
Long-Term Debt Issued	-	117,960	116,837	105,643	76,765	105,871
Long-Term Debt Repaid	-	-118,543	-119,032	-102,770	-84,850	-95,608
Net Debt Issued (Repaid)	-5,243	-583.26	-2,195	2,873	-8,085	10,263
Common Dividends Paid	-2,453	-2,517	-2,830	-2,051	-797.23	-923.02
Other Financing Activities	-114.39	-117.28	-69.67	-80.56	-2,167	-2,122
Financing Cash Flow	-18,139	-3,218	-5,095	740.83	-11,050	7,218
Foreign Exchange Rate Adjustments	-65.69	-35.38	19.63	4.88	43.06	-13.09
Net Cash Flow	-14,659	-3,956	5,248	868.02	-576.54	-3,628
Free Cash Flow	-17,025	-11,328	6,350	15,926	1,725	443.81
Free Cash Flow Growth	-	-	-60.13%	823.37%	288.63%	-92.47%
Free Cash Flow Margin	-247.54%	-169.29%	109.39%	295.85%	33.90%	6.92%
Free Cash Flow Per Share	-2.47	-1.67	0.94	2.36	0.26	0.07
Cash Interest Paid	7,737	7,786	7,172	6,437	7,746	7,163
Cash Income Tax Paid	1,209	1,251	1,153	1,311	1,651	1,707

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