SHE:300189 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	-23.76	-50.62	-36.02	-64.6	-56.83	-118.15
Depreciation & Amortization	27.58	27.58	26.29	25.47	24.65	20.86
Other Amortization	0.83	0.83	0.84	1.2	1.64	3.97
Loss (Gain) From Sale of Assets	0.18	0.18	0	0.02	-0.61	-4.02
Asset Writedown & Restructuring Costs	-21.76	-21.76	5.46	30.77	1.24	145.34
Loss (Gain) From Sale of Investments	-6.77	-6.77	2.32	2.24	-8.34	-24.1
Provision & Write-off of Bad Debts	-	-	-	-	12.03	-41.42
Other Operating Activities	-21.08	-1.15	3.84	6.62	3.53	-0.88
Change in Accounts Receivable	36.27	36.27	2.2	-54.47	15.26	61.17
Change in Inventory	11.92	11.92	4.12	-11.46	-21.24	-3.8
Change in Accounts Payable	10.19	10.19	4.71	28.44	42.66	31.46
Operating Cash Flow	13.59	6.66	13.76	-35.77	14	70.43
Operating Cash Flow Growth	-	-51.62%	-	-	-80.13%	-
Capital Expenditures	-164.88	-279.67	-12.14	-14.25	-33.25	-6.9
Sale of Property, Plant & Equipment	0.87	0.74	0.15	0.11	1.7	9.36
Cash Acquisitions	-	-	-	-	-	8.45
Divestitures	10.74	-	-	-	-0.05	10.02
Investment in Securities	-32	5	5.59	20	33.6	6.2
Other Investing Activities	2.19	0.61	0.54	-71.41	5.29	3.48
Investing Cash Flow	-183.08	-273.32	-5.86	-65.55	7.28	30.62
Short-Term Debt Issued	-	-	-	-	-	4.04
Long-Term Debt Issued	-	216.13	4.96	17.33	16.1	-
Total Debt Issued	201.76	216.13	4.96	17.33	16.1	4.04
Short-Term Debt Repaid	-	-	-	-	-	-3.3
Long-Term Debt Repaid	-	-1.65	-16.23	-19.69	-20.86	-1.9
Total Debt Repaid	-14.42	-1.65	-16.23	-19.69	-20.86	-5.2
Net Debt Issued (Repaid)	187.33	214.48	-11.27	-2.36	-4.76	-1.16
Common Dividends Paid	-3.42	-2.48	-0.46	-0.68	-0.77	-0.49
Other Financing Activities	0.2	-	-	-	-	-
Financing Cash Flow	184.12	212.01	-11.73	-3.04	-5.53	-1.65
Foreign Exchange Rate Adjustments	0.32	0.33	0.04	0.42	-0.12	0
Net Cash Flow	14.94	-54.32	-3.79	-103.94	15.63	99.39
Free Cash Flow	-151.29	-273.01	1.62	-50.03	-19.26	63.53
Free Cash Flow Margin	-78.58%	-174.43%	0.97%	-26.25%	-13.03%	49.10%
Free Cash Flow Per Share	-0.15	-0.27	0.00	-0.05	-0.02	0.06
Cash Income Tax Paid	2.68	3.23	2.49	6.68	7.01	2.78
Levered Free Cash Flow	-146.42	-270.93	13.82	-87.63	24.81	30.33
Unlevered Free Cash Flow	-144.92	-270.56	14.07	-87.18	25.55	30.84
Change in Working Capital	58.38	58.38	11.03	-37.49	36.68	88.83

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