SHE:300338 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	-168.7	-141.32	-274.96	33.77	-460.77	-765.72
Depreciation & Amortization	18.96	18.96	42.24	91.41	178	69.58
Other Amortization	14.46	14.46	3.5	31.3	48.42	44.09
Loss (Gain) From Sale of Assets	0.22	0.22	1.1	51.02	-29.11	-1.49
Asset Writedown & Restructuring Costs	22.05	22.05	179.59	40.74	75.65	387.48
Loss (Gain) From Sale of Investments	-18.88	-18.88	1.52	0.02	0.33	0.36
Provision & Write-off of Bad Debts	10.55	10.55	5.44	4.59	-4.08	-0.01
Other Operating Activities	25.72	76.97	11.1	16.03	15.81	-20.98
Change in Accounts Receivable	209.55	209.55	35.97	-40.85	211.62	160.22
Change in Inventory	3.52	3.52	9.14	-8.66	4.74	2.05
Change in Accounts Payable	-201.87	-201.87	-253.35	-330.81	41.01	89.97
Change in Other Net Operating Assets	-5.44	-5.44	33.11	15.8	-47.72	1.74
Operating Cash Flow	-82.27	-3.64	-133.36	-75.04	-7.37	-76.17
Capital Expenditures	-3.98	-0.94	-20.23	-1.44	-34.56	-64.22
Sale of Property, Plant & Equipment	0.01	0.14	0.51	1.6	92.24	16.92
Divestitures	5.59	8.96	-	-	53.96	88.14
Investment in Securities	0.69	2	48.71	6.67	5.49	-19.7
Other Investing Activities	0.92	-	-	26.53	-0.23	7.56
Investing Cash Flow	3.54	10.47	28.68	6.86	116.9	28.7
Long-Term Debt Issued	-	95.58	134.78	83.25	93	71.96
Total Debt Issued	95.58	95.58	134.78	83.25	93	71.96
Long-Term Debt Repaid	-	-86.18	-71.39	-112.53	-176.74	-138.21
Total Debt Repaid	-86.41	-86.18	-71.39	-112.53	-176.74	-138.21
Net Debt Issued (Repaid)	9.17	9.4	63.39	-29.28	-83.74	-66.25
Issuance of Common Stock	-	-	36.8	95.71	0.75	-
Repurchase of Common Stock	-0.26	-	-	-	-15.19	-19.7
Common Dividends Paid	-0.5	-1.92	-4.96	-9.65	-4.03	-4.69
Other Financing Activities	242.55	289.17	0.99	-	-96.86	-66.78
Financing Cash Flow	250.96	296.65	96.22	56.78	-199.07	-157.43
Foreign Exchange Rate Adjustments	-	-	0	0	-0	0.01
Net Cash Flow	172.22	303.48	-8.46	-11.41	-89.54	-204.88
Free Cash Flow	-86.26	-4.59	-153.59	-76.49	-41.92	-140.39
Free Cash Flow Margin	-60.11%	-2.69%	-44.99%	-11.61%	-4.50%	-16.51%
Free Cash Flow Per Share	-0.21	-0.01	-0.41	-0.23	-0.12	-0.41
Cash Income Tax Paid	5.22	5.88	11.68	1.56	12.68	14.93
Levered Free Cash Flow	13.97	-5.66	-252.83	-162.21	127.04	211.69
Unlevered Free Cash Flow	20.91	2.74	-247.7	-155.73	145.72	228.43
Change in Working Capital	13.35	13.35	-102.88	-343.93	168.39	210.53

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