SHE:300033 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	2016 - 2020
Period Ending	Mar '25 Mar 31, 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	2016 - 2020
Net Income	1,840	1,823	1,402	1,691	1,911	1,724	Upgrade
Depreciation & Amortization	76.74	76.74	73.08	53.65	50.15	41	Upgrade
Other Amortization	-	-	0.16	0.51	0.89	0.15	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	-0.02	0.01	Upgrade
Asset Writedown & Restructuring Costs	0.75	0.75	0.61	0.23	0.4	0.37	Upgrade
Loss (Gain) From Sale of Investments	-20.97	-20.97	-0.78	-0.29	-0.01	-16.5	Upgrade
Provision & Write-off of Bad Debts	-1.09	-1.09	1.28	0.36	-	0.78	Upgrade
Other Operating Activities	346.67	-0.6	-6.52	-8.09	-0.69	4.61	Upgrade
Change in Accounts Receivable	-180.95	-180.95	-453.75	285.89	84.93	-403.85	Upgrade
Change in Accounts Payable	618.08	618.08	575.36	-273.78	81.5	715.02	Upgrade
Operating Cash Flow	2,679	2,316	1,592	1,750	2,128	2,066	Upgrade
Operating Cash Flow Growth	82.78%	45.45%	-9.01%	-17.77%	2.99%	69.47%	Upgrade
Capital Expenditures	-131.14	-103.68	-201.13	-281.68	-236.35	-370.08	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	0.04	0.01	Upgrade
Investment in Securities	-18.29	-18.29	-283.08	-8.74	-	538.42	Upgrade
Other Investing Activities	4.67	2.52	-	-	-	-67.55	Upgrade
Investing Cash Flow	-144.75	-119.45	-484.21	-290.42	-236.3	100.79	Upgrade
Long-Term Debt Repaid	-	-0.98	-0.98	-0.97	-0.97	-	Upgrade
Net Debt Issued (Repaid)	-0.98	-0.98	-0.98	-0.97	-0.97	-	Upgrade
Common Dividends Paid	-1,852	-1,310	-1,217	-967.68	-645.12	-456.96	Upgrade
Financing Cash Flow	-1,853	-1,311	-1,218	-968.65	-646.09	-456.96	Upgrade
Foreign Exchange Rate Adjustments	8.48	15.11	23.31	53.13	-12.6	-37.46	Upgrade
Net Cash Flow	690.11	900.26	-86.78	543.66	1,233	1,672	Upgrade
Free Cash Flow	2,548	2,212	1,391	1,468	1,891	1,696	Upgrade
Free Cash Flow Growth	92.83%	59.04%	-5.26%	-22.39%	11.53%	55.63%	Upgrade
Free Cash Flow Margin	59.04%	52.83%	39.02%	41.24%	53.89%	59.64%	Upgrade
Free Cash Flow Per Share	4.74	4.11	2.59	2.73	3.52	3.16	Upgrade
Cash Income Tax Paid	472.43	391.01	371.13	376.61	322.21	233.9	Upgrade
Levered Free Cash Flow	1,434	1,467	1,378	486.82	1,161	1,206	Upgrade
Unlevered Free Cash Flow	1,434	1,467	1,378	486.85	1,161	1,206	Upgrade
Change in Working Capital	437.41	437.41	121.61	12.17	165.89	311.61	Upgrade

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