SHE:300019 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	237.53	315.16	250.32	267.67
Depreciation & Amortization	81.36	61.37	57.08	50.88
Other Amortization	4.02	0.97	0.19	0.18
Loss (Gain) From Sale of Assets	-0.62	7.53	1.03	1.58
Asset Writedown & Restructuring Costs	0.39	0.38	0.18	2.76
Loss (Gain) From Sale of Investments	-4.96	-3.84	-7.57	-5.59
Provision & Write-off of Bad Debts	5.58	19.36	8.19	14.31
Other Operating Activities	11.45	9.47	4.94	5.88
Change in Accounts Receivable	-170.02	-55	137.47	-375.52
Change in Inventory	-76.02	-39.94	93.97	-121.27
Change in Accounts Payable	379.45	112.48	-421.41	329.26
Change in Other Net Operating Assets	15.59	11.12	1.68	4.67
Operating Cash Flow	483.81	435.71	126.82	175.54
Operating Cash Flow Growth	11.04%	243.58%	-27.76%	-21.05%
Capital Expenditures	-168.97	-189.17	-107.38	-87.83
Sale of Property, Plant & Equipment	9.76	1.15	0.18	0.54
Cash Acquisitions	-256.08	-10	-	-
Divestitures	-	-	-	-0
Investment in Securities	104.26	-22.27	-216.62	12.47
Other Investing Activities	1.02	0.35	-	-
Investing Cash Flow	-310.01	-219.93	-323.81	-74.81
Short-Term Debt Issued	-	-	-	82
Long-Term Debt Issued	267	295	234.5	-
Total Debt Issued	267	295	234.5	82
Short-Term Debt Repaid	-	-	-	-327.7
Long-Term Debt Repaid	-340.13	-235.73	-83.54	-1.4
Total Debt Repaid	-340.13	-235.73	-83.54	-329.1
Net Debt Issued (Repaid)	-73.13	59.27	150.96	-247.1
Issuance of Common Stock	-	-	-	831.9
Repurchase of Common Stock	-0	-0.07	-0.15	-
Common Dividends Paid	-125.57	-125.03	-122.14	-84.93
Other Financing Activities	16.33	-	-	-0.86
Financing Cash Flow	-182.37	-65.83	28.68	499
Foreign Exchange Rate Adjustments	1.3	0.03	0.37	-0.04
Net Cash Flow	-7.27	149.99	-167.94	599.68
Free Cash Flow	314.84	246.54	19.44	87.71
Free Cash Flow Growth	27.70%	1168.14%	-77.83%	-41.89%
Free Cash Flow Margin	9.97%	9.46%	0.72%	3.43%
Free Cash Flow Per Share	0.80	0.63	0.05	0.23
Cash Income Tax Paid	121.13	152.49	54.25	111.41
Levered Free Cash Flow	216.61	143.51	-93.11	25.91
Unlevered Free Cash Flow	221.71	148.56	-90.03	29.33
Change in Working Capital	149.07	25.32	-187.55	-162.14

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