SHE:300410 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	33.17	-223.46	-220.58	-101.35	129.78
Depreciation & Amortization	17.93	32.43	30.61	32.48	37.38
Other Amortization	3.77	9.86	5.07	3.34	5.42
Loss (Gain) From Sale of Assets	-11.61	-0	-0.14	-0.14	-122.7
Asset Writedown & Restructuring Costs	21.56	8.73	53.05	64.81	21.8
Loss (Gain) From Sale of Investments	1.03	3.01	2.09	6.03	26.71
Provision & Write-off of Bad Debts	-	15.63	15.67	8.79	-10.67
Other Operating Activities	1.69	77.51	43.89	26.79	8.11
Change in Accounts Receivable	-54.84	51.86	-12.42	146.05	-81.84
Change in Inventory	23.15	-138.56	-121.66	-27.95	30.76
Change in Accounts Payable	37.15	108.91	130.05	-157.43	52.02
Change in Other Net Operating Assets	-	5.44	8.57	-2.27	-0.04
Operating Cash Flow	72.69	-18.4	-75.3	0.57	107.08
Operating Cash Flow Growth	-	-	-	-99.47%	163.36%
Capital Expenditures	-10.67	-159.42	-51.33	-31.15	-10.75
Sale of Property, Plant & Equipment	69.72	107.33	1.07	0.25	37.17
Divestitures	-	0.43	0.22	-	0.79
Investment in Securities	-	-	-	-1.02	-
Other Investing Activities	-10.87	-	2.77	-9.78	17.98
Investing Cash Flow	48.18	-51.67	-47.27	-41.71	45.19
Long-Term Debt Issued	339.84	588.13	598.82	450.29	257.19
Total Debt Issued	339.84	588.13	598.82	450.29	257.19
Long-Term Debt Repaid	-340.5	-589.18	-465.2	-347.01	-345.53
Total Debt Repaid	-340.5	-589.18	-465.2	-347.01	-345.53
Net Debt Issued (Repaid)	-0.67	-1.06	133.62	103.28	-88.34
Repurchase of Common Stock	-	-	-	-9.18	-28.26
Common Dividends Paid	-13.88	-18.9	-17.56	-13.67	-9.4
Other Financing Activities	-16.56	9.19	18.69	7.34	-98.38
Financing Cash Flow	-31.1	-10.77	134.75	87.77	-224.38
Foreign Exchange Rate Adjustments	-0	0.11	0.05	0.15	0.02
Net Cash Flow	89.76	-80.72	12.23	46.79	-72.09
Free Cash Flow	62.01	-177.82	-126.63	-30.58	96.33
Free Cash Flow Growth	-	-	-	-	295.69%
Free Cash Flow Margin	7.13%	-25.02%	-16.70%	-3.09%	6.60%
Free Cash Flow Per Share	0.17	-0.48	-0.34	-0.08	0.27
Cash Income Tax Paid	31.28	38.08	50.02	38.97	53.95
Levered Free Cash Flow	121.96	-230.85	-44.57	-196.77	-3.89
Unlevered Free Cash Flow	121.96	-209.66	-29.53	-187.23	5.67
Change in Working Capital	5.14	57.9	-4.96	-40.17	11.25

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