SHE:300270 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	-55.76	-62.81	-75.94	4.4	-51.24	-115.79
Depreciation & Amortization	18.12	18.12	17.67	17.16	17.02	17.95
Other Amortization	0.59	0.59	-	-	-	-
Loss (Gain) From Sale of Assets	-0.02	-0.02	-	-	-	-10.73
Asset Writedown & Restructuring Costs	5.92	5.92	5.8	0.02	6.92	25.5
Loss (Gain) From Sale of Investments	-1.73	-1.73	0.04	-0.09	0.92	-0.59
Provision & Write-off of Bad Debts	24.21	24.21	48.89	58.06	50.67	52.39
Other Operating Activities	-72.63	-3.26	-0.79	4.52	0.61	3.54
Change in Accounts Receivable	38.7	38.7	35.51	-164.22	-18.71	121.03
Change in Inventory	53.99	53.99	0.97	26.92	-19.5	55.96
Change in Accounts Payable	-7.1	-7.1	-78.02	84.57	14.57	-99.16
Change in Other Net Operating Assets	-	-	-7.17	3.2	5.78	-
Operating Cash Flow	22.15	84.48	-59.47	24.38	0.68	38.85
Operating Cash Flow Growth	50.01%	-	-	3498.16%	-98.26%	-
Capital Expenditures	-0.18	-0.72	-0.88	-0.77	-0.18	-
Sale of Property, Plant & Equipment	0.1	-	-	0	-	21
Cash Acquisitions	-	-	-	-	-15.57	-
Divestitures	-	-	-	-	-3.46	-1.79
Investment in Securities	-105.31	-108.75	35.84	-	-2.75	50.62
Other Investing Activities	11.39	1.18	0.83	-40	-	29.32
Investing Cash Flow	-94	-108.29	35.79	-40.77	-21.96	99.15
Long-Term Debt Issued	-	22.4	20	-	-	212
Long-Term Debt Repaid	-	-20	-12.99	-20	-85.58	-253.87
Net Debt Issued (Repaid)	7.9	2.4	7.01	-20	-85.58	-41.87
Issuance of Common Stock	10.71	10.91	-	-	3.3	4.9
Repurchase of Common Stock	-	-	-	-	-	-12.37
Common Dividends Paid	-0.82	-0.68	-0.45	-0.66	-1.04	-5.15
Other Financing Activities	-0.12	-9.24	-	22.99	10.34	-
Financing Cash Flow	17.67	3.39	6.56	2.33	-72.99	-54.49
Foreign Exchange Rate Adjustments	-0.02	0.01	0.01	0.01	-0	-
Net Cash Flow	-54.2	-20.42	-17.1	-14.04	-94.27	83.51
Free Cash Flow	21.96	83.75	-60.35	23.61	0.5	38.85
Free Cash Flow Growth	39.63%	-	-	4666.64%	-98.72%	-
Free Cash Flow Margin	15.14%	45.89%	-39.61%	6.48%	0.20%	18.63%
Free Cash Flow Per Share	0.07	0.28	-0.20	0.05	0.00	0.13
Cash Income Tax Paid	12.46	6.02	6.24	5.41	1.57	3.42
Levered Free Cash Flow	-63.7	26.39	-75.49	91.61	32.3	-40.35
Unlevered Free Cash Flow	-63.19	26.82	-75.15	92	32.91	-36.99
Change in Working Capital	103.45	103.45	-55.14	-59.69	-24.23	66.59

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