SHE:300183 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	10.48	66.83	61.09	163.26	133.35
Depreciation & Amortization	39.22	43.64	43.43	42.17	40.04
Other Amortization	18.11	17.64	19.53	12.95	14.92
Loss (Gain) From Sale of Assets	0.05	-5.54	-2.02	-3.1	-0.07
Asset Writedown & Restructuring Costs	0.01	0.01	9.94	0.01	14.46
Loss (Gain) From Sale of Investments	-11.94	-14.41	-14.98	-15.75	-6.96
Provision & Write-off of Bad Debts	12.41	2.59	-3.94	-4.41	2.75
Other Operating Activities	-13.42	-13.2	-10.4	-22.76	-38.85
Change in Accounts Receivable	-70.8	14.07	31.45	-93.62	61.85
Change in Inventory	91.9	62.21	79.29	-324.4	-45.15
Change in Accounts Payable	8.13	25	-44.89	85.6	75.97
Operating Cash Flow	70.93	191.87	165.69	-168.65	245.16
Operating Cash Flow Growth	-63.03%	15.80%	-	-	-
Capital Expenditures	-333.1	-123.84	-67.81	-50.24	-32.67
Sale of Property, Plant & Equipment	5.64	18.17	15.34	5.96	0.11
Divestitures	0.03	-	-	-	-
Investment in Securities	3,841	6,408	5,356	-208.46	94.28
Other Investing Activities	-3,485	-6,483	-5,251	28.64	-
Investing Cash Flow	28.52	-180.83	52.47	-224.11	61.72
Short-Term Debt Issued	-	-	-	1	-
Total Debt Issued	-	-	-	1	-
Short-Term Debt Repaid	-	-	-1	-	-
Total Debt Repaid	-	-	-1	-	-
Net Debt Issued (Repaid)	-	-	-1	1	-
Common Dividends Paid	-46.26	-46.26	-72.77	-69.43	-92.52
Other Financing Activities	-0.38	-2.74	-5.78	-6.49	4.71
Financing Cash Flow	-46.64	-49	-79.55	-74.92	-87.81
Foreign Exchange Rate Adjustments	-0.04	0.25	-0.01	0.64	-0.18
Net Cash Flow	52.77	-37.71	138.61	-467.04	218.89
Free Cash Flow	-262.17	68.02	97.88	-218.9	212.49
Free Cash Flow Growth	-	-30.51%	-	-	-
Free Cash Flow Margin	-24.93%	6.60%	9.93%	-23.39%	23.45%
Free Cash Flow Per Share	-0.57	0.15	0.21	-0.47	0.46
Cash Income Tax Paid	52.28	68.92	54.5	55.75	49.97
Levered Free Cash Flow	-279.57	114.01	98.06	-254.87	210.53
Unlevered Free Cash Flow	-279.57	114.13	98.19	-254.84	210.96
Change in Working Capital	16.01	94.31	63.05	-341.03	85.51

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