SHE:300176 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	26.04	27.82	15.5	10.63	-47.52	20.88
Depreciation & Amortization	134.78	134.78	150.38	131.14	136.32	147.27
Other Amortization	27.26	27.26	26.32	18.21	16.68	22.59
Loss (Gain) From Sale of Assets	-4.3	-4.3	-9.58	-8.03	0.29	-2.51
Asset Writedown & Restructuring Costs	7.82	7.82	8.54	4.77	10.15	1.09
Loss (Gain) From Sale of Investments	0.9	0.9	0.05	-	-	-
Provision & Write-off of Bad Debts	-0.23	-0.23	-2.48	1.97	1.82	0.69
Other Operating Activities	51.84	40.05	41.96	30.64	40.71	33.7
Change in Accounts Receivable	-10.99	-10.99	-0.87	-9.54	-24.17	127.91
Change in Inventory	-23.89	-23.89	35.43	-24.43	-98.51	-4.34
Change in Accounts Payable	33.19	33.19	-53.85	54.11	32.68	-233.04
Operating Cash Flow	239.67	229.67	207.09	206.22	64.33	118.69
Operating Cash Flow Growth	75.20%	10.90%	0.43%	220.54%	-45.80%	-
Capital Expenditures	-322.87	-156.76	-126.16	-346.65	-93.76	-58.31
Sale of Property, Plant & Equipment	24.06	20.03	8.22	28.13	0.19	1.5
Investment in Securities	-	-	-	-	4.5	18.5
Investing Cash Flow	-298.81	-136.73	-117.94	-318.53	-89.07	-38.31
Long-Term Debt Issued	-	487.79	608.87	673.25	576.88	572.26
Long-Term Debt Repaid	-	-604.54	-593.1	-550.98	-591.42	-523.28
Net Debt Issued (Repaid)	205.13	-116.75	15.77	122.27	-14.54	48.98
Common Dividends Paid	-33.77	-27.88	-33.49	-29.16	-24.4	-33.56
Other Financing Activities	-0.45	-	-	-	-	-
Financing Cash Flow	170.91	-144.63	-17.72	93.11	-38.94	15.43
Foreign Exchange Rate Adjustments	2.37	5.96	4.55	12.83	-2.66	-2.56
Net Cash Flow	114.14	-45.73	75.98	-6.37	-66.33	93.25
Free Cash Flow	-83.2	72.9	80.93	-140.44	-29.42	60.38
Free Cash Flow Growth	-	-9.92%	-	-	-	-
Free Cash Flow Margin	-4.54%	4.22%	4.77%	-9.25%	-2.29%	5.15%
Free Cash Flow Per Share	-0.21	0.19	0.21	-0.36	-0.08	0.16
Cash Income Tax Paid	-	-30.94	-41.44	-50.15	-12.43	-18.65
Levered Free Cash Flow	-160.88	50.27	-6.39	-142.84	-39.78	-253.66
Unlevered Free Cash Flow	-144.4	68.04	14.94	-124.14	-23.98	-232.34
Change in Working Capital	-4.45	-4.45	-23.6	16.89	-94.12	-105.03

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.