SHE:300434 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	130.4	91.76	126.2	218.79	66.48	-687.66
Depreciation & Amortization	103.56	103.56	94.41	91.32	87.12	86.07
Other Amortization	2.95	2.95	2.13	3.36	1.59	2.31
Loss (Gain) From Sale of Assets	0.02	0.02	-0.25	-17.77	0	0.04
Asset Writedown & Restructuring Costs	4.87	4.87	68.3	1.4	25.89	668.8
Loss (Gain) From Sale of Investments	11.35	11.35	18.43	11.97	9.67	1.57
Provision & Write-off of Bad Debts	0.56	0.56	-0.9	2.08	4.26	5.04
Other Operating Activities	46.73	5.19	-10.13	0.82	4.28	4.7
Change in Accounts Receivable	-34.45	-34.45	88.62	-109.55	-220.68	190.15
Change in Inventory	24.45	24.45	-41.05	20.09	-30.38	-43.63
Change in Accounts Payable	-45.98	-45.98	-183.04	106.14	198.3	-93.02
Operating Cash Flow	238.33	158.15	151.14	323.04	136.4	132.99
Operating Cash Flow Growth	67.10%	4.64%	-53.21%	136.84%	2.56%	-28.68%
Capital Expenditures	-104.73	-72.92	-66.1	-54.15	-85.36	-35.08
Sale of Property, Plant & Equipment	0.27	1.29	3.16	0.71	0.15	0.03
Cash Acquisitions	-	-	-	-	-201.01	-
Investment in Securities	-191.42	-146.87	-78.51	-9.97	19.94	3.82
Other Investing Activities	1.21	1.74	0.95	2.25	0.68	2.35
Investing Cash Flow	-294.66	-216.76	-140.5	-61.16	-265.61	-28.88
Short-Term Debt Issued	-	-	-	15	-	10
Long-Term Debt Issued	-	85	117.61	-	-	-
Total Debt Issued	168	85	117.61	15	-	10
Short-Term Debt Repaid	-	-	-	-5	-46	-8
Long-Term Debt Repaid	-	-111.32	-17.65	-0.04	-0.28	-
Total Debt Repaid	-139.32	-111.32	-17.65	-5.04	-46.28	-8
Net Debt Issued (Repaid)	28.68	-26.32	99.96	9.96	-46.28	2
Common Dividends Paid	-28.88	-45.21	-0.74	-0.11	-0.33	-30.58
Other Financing Activities	3.03	0.9	-0.64	-71.7	-	-
Financing Cash Flow	2.83	-70.63	98.57	-61.86	-46.61	-28.58
Foreign Exchange Rate Adjustments	0.46	0.58	0.46	1.48	-0.21	-0.42
Net Cash Flow	-53.04	-128.66	109.68	201.5	-176.04	75.12
Free Cash Flow	133.6	85.23	85.04	268.89	51.03	97.91
Free Cash Flow Growth	95.53%	0.22%	-68.37%	426.92%	-47.88%	-38.52%
Free Cash Flow Margin	12.67%	7.73%	7.03%	21.64%	4.84%	12.60%
Free Cash Flow Per Share	0.34	0.21	0.21	0.66	0.13	0.24
Cash Income Tax Paid	123.68	162.04	262.23	100.93	111.54	112.45
Levered Free Cash Flow	84.92	122.31	77.09	263.72	27.39	104.95
Unlevered Free Cash Flow	85.6	123.13	77.51	264	27.4	105.05
Change in Working Capital	-62.12	-62.12	-147.05	11.08	-62.9	52.12

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