SHE:300215 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	-16.97	22	19.1	33.12	192.69	86.63
Depreciation & Amortization	279.46	279.46	293.41	288.86	310.4	309.25
Other Amortization	7.63	7.63	5.62	5.15	2.17	2.09
Loss (Gain) From Sale of Assets	-0.08	-0.08	-0	-	-0.05	-
Asset Writedown & Restructuring Costs	2.55	2.55	2.62	19.5	1.77	0.02
Loss (Gain) From Sale of Investments	-5.81	-5.81	0.92	4.74	-4.52	5.33
Provision & Write-off of Bad Debts	2.5	2.5	5.41	2.9	0.71	2.29
Other Operating Activities	74.51	22.65	23.63	49.05	72.21	87.96
Change in Accounts Receivable	-29.24	-29.24	141.93	-129.1	5.77	-8.38
Change in Inventory	-0.04	-0.04	1.02	-0.53	1.73	-1.11
Change in Accounts Payable	9.76	9.76	-6.73	-4.46	44.41	-2.18
Operating Cash Flow	320.29	307.4	482.44	268.4	627.24	481.33
Operating Cash Flow Growth	-22.95%	-36.28%	79.75%	-57.21%	30.31%	-3.02%
Capital Expenditures	-44.36	-20.96	-75.9	-52.45	-232.94	-287.97
Sale of Property, Plant & Equipment	0.08	0.31	0.42	0	1.17	-
Investment in Securities	-34.02	-33.22	120.6	35.78	-25.28	-103.72
Other Investing Activities	-159.04	-3.38	-	-	-	-
Investing Cash Flow	-237.35	-57.24	45.11	-16.66	-257.05	-391.69
Long-Term Debt Issued	-	295	285	1,217	644.4	1,474
Long-Term Debt Repaid	-	-493.41	-773.76	-1,625	-1,111	-706.02
Net Debt Issued (Repaid)	-152.34	-198.41	-488.76	-407.48	-466.68	768.23
Common Dividends Paid	-20.55	-46.85	-28.59	-65.8	-182.85	-397.68
Other Financing Activities	-	-	-	-8.44	-1.55	-84.65
Financing Cash Flow	-172.89	-245.25	-517.35	-481.72	-651.07	285.89
Foreign Exchange Rate Adjustments	-0.73	-1.16	0.05	0	-0.02	-0.02
Net Cash Flow	-90.68	3.75	10.25	-229.98	-280.92	375.51
Free Cash Flow	275.93	286.45	406.54	215.95	394.3	193.36
Free Cash Flow Growth	-29.70%	-29.54%	88.25%	-45.23%	103.92%	1.44%
Free Cash Flow Margin	51.97%	46.25%	65.46%	33.06%	45.71%	27.53%
Free Cash Flow Per Share	0.38	0.39	0.64	0.26	0.53	0.25
Cash Income Tax Paid	38.13	37.46	24.79	50.4	27.98	28.93
Levered Free Cash Flow	89.72	278.23	246.05	283.66	-233.61	417.19
Unlevered Free Cash Flow	103.96	291.31	260.95	313.82	-188.95	471.74
Change in Working Capital	-23.5	-23.5	131.73	-134.93	51.85	-12.25

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