SHE:300137 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-152.27	-152.41	-123.68	-134.89	71.21	134.16
Depreciation & Amortization	24.58	24.58	30	38.91	42.11	33.4
Other Amortization	3.65	3.65	1.04	2.99	2.14	2.24
Loss (Gain) From Sale of Assets	0.22	0.22	0	-1.05	-0.76	-0.32
Asset Writedown & Restructuring Costs	74.43	74.43	72.44	24.58	15.09	24.61
Loss (Gain) From Sale of Investments	-1.24	-1.24	-2.17	-14.38	-2.88	2.08
Provision & Write-off of Bad Debts	120.75	120.75	92.12	147.58	49.53	18.99
Other Operating Activities	54.58	15.36	12.45	23.46	12.76	2.68
Change in Accounts Receivable	-139.15	-139.15	-55.35	-238.86	-26.65	-128.22
Change in Inventory	66.05	66.05	-50.03	11.06	9.72	60.56
Change in Accounts Payable	-55.96	-55.96	45.76	10.92	-52.68	8.85
Operating Cash Flow	-21.98	-61.34	9.89	-146.87	116.35	158.65
Operating Cash Flow Growth	-	-	-	-	-26.66%	-55.02%
Capital Expenditures	-7.04	-5.29	-6.09	-17.97	-15.03	-18.76
Sale of Property, Plant & Equipment	1.09	0.19	0.11	1.37	1.11	1.09
Cash Acquisitions	19.04	-	-2.3	-	-	-
Divestitures	-	-	2.17	5	2.67	0.1
Investment in Securities	14.96	61.96	160	-280	-3.1	15
Other Investing Activities	-0.08	1.27	4.15	7.46	-	0.05
Investing Cash Flow	27.97	58.13	158.03	-284.14	-14.35	-2.52
Long-Term Debt Repaid	-	-2.91	-3.7	-6.2	-6.33	-3
Total Debt Repaid	-2.91	-2.91	-3.7	-6.2	-6.33	-3
Net Debt Issued (Repaid)	-2.91	-2.91	-3.7	-6.2	-6.33	-3
Repurchase of Common Stock	-	-	-	-	-	-69.99
Common Dividends Paid	-	-	-	-53.66	-53.66	-54.54
Other Financing Activities	0.58	-1.55	-4.39	-1.67	-1.76	-7.28
Financing Cash Flow	-2.33	-4.46	-8.09	-61.54	-61.75	-134.81
Foreign Exchange Rate Adjustments	0.73	0.7	0.75	2.55	-0.55	-1.2
Net Cash Flow	4.38	-6.98	160.59	-489.99	39.7	20.12
Free Cash Flow	-29.02	-66.63	3.8	-164.84	101.32	139.89
Free Cash Flow Growth	-	-	-	-	-27.57%	-57.11%
Free Cash Flow Margin	-2.96%	-7.00%	0.39%	-16.35%	9.12%	11.21%
Free Cash Flow Per Share	-0.05	-0.12	0.01	-0.31	0.18	0.26
Cash Income Tax Paid	60.72	49.36	67.38	96.36	144.64	124.06
Levered Free Cash Flow	70.35	36.09	47.22	-121.26	86.36	99.61
Unlevered Free Cash Flow	70.72	36.58	47.71	-120.75	86.81	99.61
Change in Working Capital	-146.67	-146.67	-72.3	-234.06	-72.85	-59.2

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