SHE:300115 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	Jan '22 Jan 1, 2022
Net Income	771.53	85.7	42.38	-604.6
Depreciation & Amortization	1,095	1,265	1,192	1,070
Other Amortization	175.47	308.4	498.38	339.6
Loss (Gain) From Sale of Assets	-7.51	-14.96	-5.36	0.72
Asset Writedown & Restructuring Costs	0.11	0.01	18.3	20.24
Loss (Gain) From Sale of Investments	-159.27	38.5	140.04	-59.42
Provision & Write-off of Bad Debts	8.99	-15.84	29.64	11.91
Other Operating Activities	316.2	550.07	532.62	613.52
Change in Accounts Receivable	-648.23	-454.51	-855.39	-2,137
Change in Inventory	-318.25	-164.61	407.87	-2,083
Change in Accounts Payable	976.51	667.51	-1,001	2,470
Change in Other Net Operating Assets	-0.42	12.77	18.87	21.4
Operating Cash Flow	2,259	2,228	936.99	-431.4
Operating Cash Flow Growth	1.36%	137.83%	-	-
Capital Expenditures	-1,848	-1,402	-1,825	-1,883
Sale of Property, Plant & Equipment	30.97	64.03	32.85	13.54
Divestitures	89.44	-	-	-
Investment in Securities	-312.35	-22.69	300.92	200.49
Other Investing Activities	0.06	-10.27	-120.8	50.9
Investing Cash Flow	-2,040	-1,371	-1,612	-1,618
Short-Term Debt Issued	4	5.4	-	-
Long-Term Debt Issued	5,223	7,120	7,048	5,623
Total Debt Issued	5,227	7,126	7,048	5,623
Long-Term Debt Repaid	-6,882	-7,165	-6,038	-4,211
Net Debt Issued (Repaid)	-1,656	-38.77	1,009	1,412
Issuance of Common Stock	1,398	28.11	37.24	-
Repurchase of Common Stock	-	-	-62.07	-
Common Dividends Paid	-209.76	-250.14	-237.54	-307.94
Other Financing Activities	-29.91	-79.04	10.14	138.05
Financing Cash Flow	-496.79	-339.84	757.07	1,242
Foreign Exchange Rate Adjustments	87.71	17.16	29.81	-10.81
Net Cash Flow	-190.31	534.71	112.24	-818.32
Free Cash Flow	410.66	826.32	-887.61	-2,314
Free Cash Flow Growth	-50.30%	-	-	-
Free Cash Flow Margin	2.43%	6.02%	-5.84%	-20.95%
Free Cash Flow Per Share	0.32	0.68	-0.84	-1.91
Cash Interest Paid	24.66	21.81	2.24	0.74
Cash Income Tax Paid	6.19	-91.25	-371.6	-420.71
Levered Free Cash Flow	-14.68	807.65	-642.45	-1,561
Unlevered Free Cash Flow	132.53	988.42	-453.89	-1,411
Change in Working Capital	48.12	-1.71	-1,511	-1,823

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