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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	1.71	11.92	-152.41	-123.68	-134.89	71.21
Depreciation & Amortization	27.16	27.16	24.58	30	38.91	42.11
Other Amortization	0.97	0.97	3.65	1.04	2.99	2.14
Loss (Gain) From Sale of Assets	-1.65	-1.65	0.22	0	-1.05	-0.76
Asset Writedown & Restructuring Costs	8.37	8.37	74.43	72.44	24.58	15.09
Loss (Gain) From Sale of Investments	0.68	0.68	-1.24	-2.17	-14.38	-2.88
Provision & Write-off of Bad Debts	-	-	120.75	92.12	147.58	49.53
Other Operating Activities	53.07	11.51	15.36	12.45	23.46	12.76
Change in Accounts Receivable	-53.73	-53.73	-139.15	-55.35	-238.86	-26.65
Change in Inventory	39.81	39.81	66.05	-50.03	11.06	9.72
Change in Accounts Payable	-61.96	-61.96	-55.96	45.76	10.92	-52.68
Operating Cash Flow	16.04	-15.31	-61.34	9.89	-146.87	116.35
Operating Cash Flow Growth	-	-	-	-	-	-26.66%
Capital Expenditures	-8.02	-8.2	-5.29	-6.09	-17.97	-15.03
Sale of Property, Plant & Equipment	3.26	1.93	0.19	0.11	1.37	1.11
Cash Acquisitions	-	-	-	-2.3	-	-
Divestitures	1.09	-	-	2.17	5	2.67
Investment in Securities	-6.44	35.5	61.96	160	-280	-3.1
Other Investing Activities	-2.14	-5.07	1.27	4.15	7.46	-
Investing Cash Flow	-12.25	24.17	58.13	158.03	-284.14	-14.35
Long-Term Debt Issued	-	500	-	-	-	-
Total Debt Issued	500	500	-	-	-	-
Long-Term Debt Repaid	-	-	-2.91	-3.7	-6.2	-6.33
Total Debt Repaid	-500	-	-2.91	-3.7	-6.2	-6.33
Net Debt Issued (Repaid)	-	500	-2.91	-3.7	-6.2	-6.33
Common Dividends Paid	-0.83	-	-	-	-53.66	-53.66
Other Financing Activities	-4.03	-3.7	-1.55	-4.39	-1.67	-1.76
Financing Cash Flow	-4.86	496.3	-4.46	-8.09	-61.54	-61.75
Foreign Exchange Rate Adjustments	-1.87	-1.07	0.7	0.75	2.55	-0.55
Net Cash Flow	-2.95	504.09	-6.98	160.59	-489.99	39.7
Free Cash Flow	8.02	-23.51	-66.63	3.8	-164.84	101.32
Free Cash Flow Growth	-	-	-	-	-	-27.57%
Free Cash Flow Margin	0.91%	-2.55%	-7.00%	0.39%	-16.35%	9.12%
Free Cash Flow Per Share	0.01	-0.04	-0.12	0.01	-0.31	0.18
Cash Income Tax Paid	46.65	56.61	49.36	67.38	96.36	144.64
Levered Free Cash Flow	52.8	22.19	36.09	47.22	-121.26	86.36
Unlevered Free Cash Flow	52.85	22.19	36.58	47.71	-120.75	86.81
Change in Working Capital	-74.27	-74.27	-146.67	-72.3	-234.06	-72.85

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