SHE:300029 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-18.97	-27.3	-8.58	12.61	-4.59
Depreciation & Amortization	0.44	0.12	0.13	1.44	5.77
Other Amortization	-	0	0	0	0.74
Loss (Gain) From Sale of Assets	-	-	-	-38.94	-0
Asset Writedown & Restructuring Costs	11.61	-	0.01	0.08	-
Loss (Gain) From Sale of Investments	-	-	-	-6.62	-10.04
Provision & Write-off of Bad Debts	-	5.08	8.39	2.24	4.4
Other Operating Activities	24.64	11.18	8.58	0.67	1.01
Change in Accounts Receivable	-145.28	108.66	-123.65	17.43	-95.48
Change in Inventory	-13.78	-1.59	-5.54	18.15	18.7
Change in Accounts Payable	152.8	-105.39	144.58	-82.29	66.47
Operating Cash Flow	4.4	-11.77	17.85	-76.57	-15.21
Capital Expenditures	-0.04	-0.33	-0.46	-0.03	-0.05
Sale of Property, Plant & Equipment	-	-	-	107.68	10.24
Other Investing Activities	-	-	-	-	-0.58
Investing Cash Flow	-0.04	-0.33	-0.46	107.65	9.61
Long-Term Debt Issued	-	-	-	-	51.65
Total Debt Issued	-	-	-	-	51.65
Long-Term Debt Repaid	-	-	-1.14	-34.19	-31.46
Total Debt Repaid	-	-	-1.14	-34.19	-31.46
Net Debt Issued (Repaid)	-	-	-1.14	-34.19	20.19
Issuance of Common Stock	-	-	-	0.46	-
Other Financing Activities	-0.25	-	-	-	-0.33
Financing Cash Flow	-0.25	-	-1.14	-33.73	19.85
Net Cash Flow	4.12	-12.09	16.25	-2.65	14.25
Free Cash Flow	4.37	-12.09	17.39	-76.6	-15.26
Free Cash Flow Margin	1.36%	-7.51%	4.72%	-30.68%	-4.81%
Free Cash Flow Per Share	0.02	-0.06	0.09	-0.38	-0.08
Cash Income Tax Paid	0.38	3.61	2.45	15.06	3.61
Levered Free Cash Flow	40.03	-10.93	31.34	-6.04	-53.95
Unlevered Free Cash Flow	40.03	-9.97	31.9	-4.63	-53.24
Change in Working Capital	-13.32	-0.84	9.31	-48.05	-12.49