SHE:300277 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	8.87	9.46	10.81	10.31	14.28	24.92
Depreciation & Amortization	4.02	4.02	3.83	4.77	4.47	3.03
Other Amortization	0.04	0.04	0.08	0.1	0.08	0.04
Loss (Gain) From Sale of Assets	-	-	-0.12	-0.01	-	-0.05
Asset Writedown & Restructuring Costs	0	0	0.04	1.38	-3.64	2.13
Loss (Gain) From Sale of Investments	-12.45	-12.45	-13.96	-12.61	-16.26	-24.52
Provision & Write-off of Bad Debts	-0.79	-0.79	-0.75	-	-	-
Other Operating Activities	15.23	9.96	7.68	7.72	8.13	13.1
Change in Accounts Receivable	27.36	27.36	22.13	-16.86	32.55	4.21
Change in Inventory	27.02	27.02	-6.04	25.04	8.95	16.14
Change in Accounts Payable	-20.1	-20.1	11	-40	-42.92	-20.37
Operating Cash Flow	49.73	45.05	35.13	-18.64	6.28	20.79
Operating Cash Flow Growth	761.62%	28.22%	-	-	-69.80%	-77.17%
Capital Expenditures	-0.49	-0.06	-0.31	-0.81	-0.6	-2.08
Sale of Property, Plant & Equipment	0.06	-	0.17	0.04	0	0.44
Investment in Securities	23.8	23.8	-12.5	49.55	11.85	-113.88
Other Investing Activities	-27.79	12.82	11.13	-17.11	15.68	-1.5
Investing Cash Flow	-4.42	36.56	-1.52	31.67	26.94	-117.02
Short-Term Debt Issued	-	-	5.5	1.82	5.19	3.6
Total Debt Issued	-	-	5.5	1.82	5.19	3.6
Short-Term Debt Repaid	-	-5	-2.32	-0.5	-8.29	-2.6
Long-Term Debt Repaid	-	-2.38	-2.47	-2.4	-	-
Total Debt Repaid	-2.38	-7.38	-4.8	-2.9	-8.29	-2.6
Net Debt Issued (Repaid)	-2.38	-7.38	0.7	-1.08	-3.1	1
Common Dividends Paid	-6.7	-6.71	-6.71	-10.11	-13.45	-10.15
Other Financing Activities	-6.69	-5.39	-6.37	-6.56	-12.72	-6.66
Financing Cash Flow	-14.65	-19.48	-12.38	-17.76	-29.28	-15.81
Net Cash Flow	30.66	62.13	21.24	-4.72	3.94	-112.05
Free Cash Flow	49.23	44.98	34.82	-19.44	5.68	18.71
Free Cash Flow Growth	808.63%	29.19%	-	-	-69.64%	-79.32%
Free Cash Flow Margin	22.19%	19.73%	16.35%	-7.55%	2.20%	5.44%
Free Cash Flow Per Share	0.14	0.13	0.10	-0.06	0.02	0.06
Cash Income Tax Paid	11.24	15.11	9.64	3.24	8.74	18.52
Levered Free Cash Flow	43.9	44.39	32.66	-24.51	4.97	16.37
Unlevered Free Cash Flow	43.93	44.42	32.66	-24.47	5.02	16.44
Change in Working Capital	34.8	34.8	27.53	-30.29	-0.79	2.13

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