SHE:300256 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	-496.91	-618.89	-480.95	144.88	-1,385	-2,750
Depreciation & Amortization	156	156	174.27	153.94	421.23	452.54
Other Amortization	33.57	33.57	42.92	58.53	107.2	155.22
Loss (Gain) From Sale of Assets	25.34	25.34	4.08	257.35	44.45	-21.25
Asset Writedown & Restructuring Costs	88.87	88.87	32.34	31.74	431.83	744.9
Loss (Gain) From Sale of Investments	-4.1	-4.1	-23.83	-1,330	-1,277	28.37
Provision & Write-off of Bad Debts	0.24	0.24	48.83	35.7	24.28	37.79
Other Operating Activities	159.94	146.15	204.92	415.27	1,568	504.42
Change in Accounts Receivable	82.26	82.26	545.55	3,320	640.66	-297.2
Change in Inventory	-15.03	-15.03	1.49	28	94.86	387.13
Change in Accounts Payable	32.16	32.16	-406.63	-3,587	-857.35	-1,107
Change in Other Net Operating Assets	-1.57	-1.57	5.34	38.3	-	-
Operating Cash Flow	197.98	62.2	113.99	-328	-383.37	-1,874
Operating Cash Flow Growth	136.56%	-45.43%	-	-	-	-
Capital Expenditures	-185.5	-55.36	-40.4	-35.17	-213.98	-834.64
Sale of Property, Plant & Equipment	9.8	5.47	6.64	239.78	62.91	108.64
Cash Acquisitions	42.78	42.78	-	110.69	-	-
Divestitures	0.01	0.01	-	-	-65.37	5.86
Investment in Securities	-135.08	-151.36	2	59.4	-70	-565.25
Other Investing Activities	61.21	1.88	-	5.86	0.02	-0.22
Investing Cash Flow	-206.78	-156.58	-31.76	380.55	-286.42	-1,286
Long-Term Debt Issued	-	-	-	-	3,801	4,253
Long-Term Debt Repaid	-	-15.7	-25.65	-520.87	-3,425	-3,598
Net Debt Issued (Repaid)	-15.7	-15.7	-25.65	-520.87	376.12	655.31
Issuance of Common Stock	-	-	4.77	705	-	-
Common Dividends Paid	-	-	-	-0.74	-262.5	-190.24
Other Financing Activities	-136.51	-147	-	120.26	524.68	2,457
Financing Cash Flow	-152.21	-162.7	-20.88	303.64	638.3	2,922
Foreign Exchange Rate Adjustments	3.4	5.77	3.11	3.12	-6.92	-2.09
Net Cash Flow	-157.62	-251.31	64.46	359.32	-38.42	-239.7
Free Cash Flow	12.47	6.84	73.59	-363.17	-597.35	-2,708
Free Cash Flow Growth	-72.62%	-90.70%	-	-	-	-
Free Cash Flow Margin	0.80%	0.57%	8.63%	-58.04%	-18.56%	-52.37%
Free Cash Flow Per Share	0.01	0.00	0.03	-0.15	-0.63	-2.83
Cash Income Tax Paid	49.9	21.16	28.12	12.49	74.75	157.54
Levered Free Cash Flow	108.56	309.68	367.22	-771.58	-848.74	505.93
Unlevered Free Cash Flow	110.73	311.17	368.8	-688.36	-721.92	644.07
Change in Working Capital	235.02	235.02	111.41	-95.5	-318.7	-1,025

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