SHE:300197 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	-2,841	-2,596	-1,483	-866.17	-353.97	58.81
Depreciation & Amortization	44.18	44.18	50.41	75.17	87.18	62.85
Other Amortization	3.47	3.47	3.21	10.76	12.67	18.67
Loss (Gain) From Sale of Assets	0.76	0.76	0.93	0.31	-10.94	-102.27
Asset Writedown & Restructuring Costs	179.2	179.2	109.27	1	1	2.94
Loss (Gain) From Sale of Investments	59.05	59.05	-112.02	-50.27	-97.78	41.31
Provision & Write-off of Bad Debts	1,223	1,223	259.9	251.79	18.82	30.67
Other Operating Activities	918.53	285.72	662.81	469.08	465.36	383.64
Change in Accounts Receivable	775.16	775.16	784.57	-528.8	-344.28	-1,721
Change in Inventory	-35.77	-35.77	17.12	34.58	-18.27	-86.61
Change in Accounts Payable	416.5	416.5	-348.61	418.88	-36.65	1,175
Operating Cash Flow	567.7	179.46	-134.22	-302.42	-339.48	-164.23
Operating Cash Flow Growth	515.65%	-	-	-	-	-
Capital Expenditures	-0.51	-2.11	-1.48	-24.11	-113.13	-7.7
Sale of Property, Plant & Equipment	3.71	1.66	32.61	81.21	153.47	27.54
Divestitures	-	-	238.93	296.89	0.05	-
Investment in Securities	66.98	1.02	0.98	192.71	-297.79	-180.7
Other Investing Activities	1.07	0.49	-	73.32	1.33	0.56
Investing Cash Flow	71.24	1.07	271.05	620.02	-256.08	-160.3
Long-Term Debt Issued	-	4,556	11,008	10,247	7,046	6,675
Short-Term Debt Repaid	-	-1,942	-2,433	-2,345	-1,786	-
Long-Term Debt Repaid	-	-8,628	-10,855	-9,930	-6,639	-7,099
Total Debt Repaid	-7,930	-10,570	-13,288	-12,275	-8,425	-7,099
Net Debt Issued (Repaid)	-4,971	-6,014	-2,280	-2,028	-1,379	-424.89
Issuance of Common Stock	-	-	297.26	-	1,396	-
Common Dividends Paid	-570.23	-683.14	-707.66	-824.2	-858.41	-737.66
Other Financing Activities	4,386	5,460	3,352	1,925	1,712	638.6
Financing Cash Flow	-1,155	-1,237	662.02	-927.4	870.79	-523.96
Foreign Exchange Rate Adjustments	4	-9.07	-	-	-	-
Net Cash Flow	-512.42	-1,066	798.85	-609.8	275.23	-848.49
Free Cash Flow	567.19	177.36	-135.7	-326.53	-452.61	-171.93
Free Cash Flow Margin	82.34%	16.96%	-9.57%	-11.71%	-17.00%	-4.08%
Free Cash Flow Per Share	0.19	0.06	-0.05	-0.12	-0.19	-0.07
Cash Income Tax Paid	70.5	106.78	88.14	-90.29	128.53	128.27
Levered Free Cash Flow	1,623	2,756	-503.27	-225.58	-80.67	-42.68
Unlevered Free Cash Flow	2,006	3,141	-71.07	245.55	353.45	396.56
Change in Working Capital	980.28	980.28	374.11	-194.09	-461.82	-660.84

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