SHE:300306 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	87.26	92.36	93.41	80.01	105.36	71.54
Depreciation & Amortization	29.98	29.98	25.17	27.98	28.22	30.03
Other Amortization	8.53	8.53	7.85	4.89	2.19	1.38
Loss (Gain) From Sale of Assets	-	-	-	-0.05	-5.87	-0.08
Asset Writedown & Restructuring Costs	-0.01	-0.01	0.03	0	5.32	0.17
Loss (Gain) From Sale of Investments	-16.23	-16.23	-22.35	-10.32	-24.55	31.86
Provision & Write-off of Bad Debts	-2.35	-2.35	1.73	1.19	0.13	-0.52
Other Operating Activities	-37.53	5.69	8.92	0.92	2.7	2.01
Change in Accounts Receivable	7.39	7.39	4.05	13.45	-4.55	19.01
Change in Inventory	11.51	11.51	33.21	-33.99	-66.18	-26.6
Change in Accounts Payable	-27.52	-27.52	-5.45	-7.48	44.38	-5.88
Change in Other Net Operating Assets	5.22	5.22	2.71	7.21	5.54	2.73
Operating Cash Flow	66.29	114.61	148.98	87.1	89.91	116.58
Operating Cash Flow Growth	-61.24%	-23.07%	71.03%	-3.12%	-22.88%	-30.78%
Capital Expenditures	-9.29	-31.22	-10.49	-22.79	-63.08	-31.24
Sale of Property, Plant & Equipment	0.06	0.07	0.01	0.07	8.59	0.25
Investment in Securities	-148.19	-148.58	-37.81	6.86	49.21	-69.09
Other Investing Activities	184.65	-	-1.15	-	-	-
Investing Cash Flow	27.23	-179.73	-49.45	-15.85	-5.28	-100.07
Short-Term Debt Issued	-	33.74	-	-	-	-
Total Debt Issued	33.74	33.74	-	-	-	-
Short-Term Debt Repaid	-	-33.74	-	-	-	-
Long-Term Debt Repaid	-	-0.55	-0.49	-0.44	-0.39	-
Total Debt Repaid	-34.29	-34.29	-0.49	-0.44	-0.39	-
Net Debt Issued (Repaid)	-0.55	-0.55	-0.49	-0.44	-0.39	-
Common Dividends Paid	-116.44	-80.69	-69.93	-80.69	-44.65	-
Other Financing Activities	0.23	0.48	1.48	0.65	0.21	-0.51
Financing Cash Flow	-116.76	-80.76	-68.94	-80.49	-44.83	-0.51
Foreign Exchange Rate Adjustments	0.09	0.38	0.45	2.11	-0.54	-1.62
Net Cash Flow	-23.15	-145.51	31.04	-7.12	39.27	14.38
Free Cash Flow	56.99	83.38	138.48	64.32	26.83	85.35
Free Cash Flow Growth	-58.86%	-39.79%	115.32%	139.74%	-68.57%	-25.13%
Free Cash Flow Margin	13.61%	19.12%	32.84%	14.58%	5.92%	21.21%
Free Cash Flow Per Share	0.21	0.31	0.52	0.24	0.10	0.31
Cash Income Tax Paid	34.51	42.24	66.11	42.09	47.02	31.71
Levered Free Cash Flow	30.82	50.15	108.84	23.97	-24.92	93.68
Unlevered Free Cash Flow	30.82	50.17	108.87	24.01	-24.88	93.68
Change in Working Capital	-3.36	-3.36	34.22	-17.52	-23.59	-19.8

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