SHE:300037 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	942.05	1,011	1,758	1,307
Depreciation & Amortization	451.37	309.15	245.37	187.11
Other Amortization	47	38.75	30.64	22.39
Loss (Gain) From Sale of Assets	0.08	-0.43	0.04	1.04
Asset Writedown & Restructuring Costs	12.26	28.27	2.02	27.46
Loss (Gain) From Sale of Investments	7.41	-0.79	-26.28	-41.87
Provision & Write-off of Bad Debts	20.65	25.52	-13.76	-
Other Operating Activities	117.74	70.26	38.76	90.19
Change in Accounts Receivable	-51.65	1,017	-412.87	-1,481
Change in Inventory	-125.96	-17.62	-100.69	-368.07
Change in Accounts Payable	-642.13	865.27	163.69	546.56
Change in Other Net Operating Assets	54	128.88	136.4	162.53
Operating Cash Flow	818.41	3,448	1,810	449.12
Operating Cash Flow Growth	-76.26%	90.53%	302.94%	-48.99%
Capital Expenditures	-1,181	-1,790	-1,759	-598.37
Sale of Property, Plant & Equipment	48.97	0.84	1.06	1.27
Cash Acquisitions	-	-	-9.6	-
Divestitures	16.49	-	-	-
Investment in Securities	354.91	-2,039	-450.98	262.1
Other Investing Activities	41.38	49.53	13.68	18.8
Investing Cash Flow	-719.65	-3,779	-2,205	-316.2
Long-Term Debt Issued	1,335	962.75	2,825	510.62
Total Debt Issued	1,335	962.75	2,825	510.62
Long-Term Debt Repaid	-1,036	-772.38	-453.42	-545.25
Total Debt Repaid	-1,036	-772.38	-453.42	-545.25
Net Debt Issued (Repaid)	299.59	190.37	2,371	-34.63
Issuance of Common Stock	-	188.44	77.09	69.09
Repurchase of Common Stock	-100.05	-14.5	-85.8	-2.63
Common Dividends Paid	-495.65	-406.96	-305.02	-184.37
Other Financing Activities	-0.69	104.54	88.95	32.97
Financing Cash Flow	-296.8	61.9	2,147	-119.56
Foreign Exchange Rate Adjustments	-2.16	0.52	7.92	-6.26
Net Cash Flow	-200.2	-268.18	1,759	7.1
Free Cash Flow	-362.99	1,658	50.18	-149.25
Free Cash Flow Growth	-	3203.93%	-	-
Free Cash Flow Margin	-4.63%	22.15%	0.52%	-2.15%
Free Cash Flow Per Share	-0.47	2.12	0.07	-0.20
Cash Income Tax Paid	223.29	244.56	570.08	366.07
Levered Free Cash Flow	-999.14	1,310	-350.34	-513.99
Unlevered Free Cash Flow	-956.71	1,344	-326.28	-497.68
Change in Working Capital	-780.16	1,966	-225.51	-1,144

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