SHE:002963 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	-211.9	-179.38	17.81	-155.62	13.29	42.75
Depreciation & Amortization	18.65	18.65	15.73	15.77	13.93	2.03
Other Amortization	3.77	3.77	3.61	3.7	0.83	0.1
Loss (Gain) From Sale of Assets	-1.46	-1.46	-0.56	-	-0.05	0.03
Asset Writedown & Restructuring Costs	-	-	-	-	64.05	50.76
Loss (Gain) From Sale of Investments	83.3	83.3	-76.28	-16.15	-24.28	-20.92
Provision & Write-off of Bad Debts	114.78	114.78	61.33	100.85	-	-
Other Operating Activities	98.83	5.73	5.67	-0.17	-	-
Change in Accounts Receivable	-98.87	-98.87	192.84	-14.62	-116.38	8.82
Change in Inventory	57.69	57.69	-8.26	-41.06	17.02	-17.46
Change in Accounts Payable	-80.7	-80.7	-77.09	-25.03	106.96	-181.95
Operating Cash Flow	-38.72	-99.3	139.1	-164.89	66.41	-122.94
Capital Expenditures	-43.55	-12.8	-49.87	-7.4	-18.53	-3.79
Sale of Property, Plant & Equipment	-	0	0.22	-	0.16	0.01
Investment in Securities	41.69	266.18	-181.78	-96.55	-9.32	-256.08
Other Investing Activities	66.47	18.02	6.45	17.24	0.9	-
Investing Cash Flow	64.6	271.4	-224.97	-86.72	-26.79	-259.86
Long-Term Debt Repaid	-	-11.23	-12.14	-12.2	-9.91	-
Total Debt Repaid	-11.23	-11.23	-12.14	-12.2	-9.91	-
Net Debt Issued (Repaid)	-11.23	-11.23	-12.14	-12.2	-9.91	-
Issuance of Common Stock	-	-	2.01	-	-	-
Common Dividends Paid	-30.07	-	-	-	-4.51	-22.55
Other Financing Activities	20.92	1.07	8.65	-10.37	-	11.93
Financing Cash Flow	-20.39	-10.17	-1.48	-22.57	-14.42	-10.62
Net Cash Flow	5.48	161.93	-87.34	-274.18	25.21	-393.43
Free Cash Flow	-82.27	-112.1	89.24	-172.3	47.89	-126.74
Free Cash Flow Margin	-23.74%	-24.43%	16.58%	-42.33%	6.08%	-21.19%
Free Cash Flow Per Share	-0.57	-0.74	0.60	-1.15	0.32	-0.83
Cash Income Tax Paid	8.17	7.14	16.95	13.66	29.75	28.5
Levered Free Cash Flow	127.96	76.08	163.45	-113.83	80.95	-281.31
Unlevered Free Cash Flow	127.96	76.08	163.45	-113.83	80.95	-281.31
Change in Working Capital	-144.7	-144.7	111.8	-113.28	-1.35	-197.7

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