SHE:300457 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	538.16	503.16	553.8	487.42	311.39
Depreciation & Amortization	150.47	151.42	177.26	169.96	106.62
Other Amortization	40.13	25.09	22.08	9.89	9.24
Loss (Gain) From Sale of Assets	14.9	-5.08	36.03	-12.66	0.19
Asset Writedown & Restructuring Costs	0.63	0.12	21.9	408.23	241.32
Loss (Gain) From Sale of Investments	-	0.87	-8.59	-0.78	-0.47
Provision & Write-off of Bad Debts	66.21	224.45	396.19	-	-
Other Operating Activities	399.55	720.28	637.32	40.99	-5.43
Change in Accounts Receivable	-2,932	291.64	280	-3,430	-3,107
Change in Inventory	-1,768	1,952	-1,118	-627.67	-1,689
Change in Accounts Payable	4,329	-3,794	485.49	3,383	4,645
Operating Cash Flow	795.03	26.51	1,399	328.83	450.7
Operating Cash Flow Growth	2899.42%	-98.11%	325.45%	-27.04%	121.25%
Capital Expenditures	-176.41	-178.4	-192.16	-186.55	-462.84
Sale of Property, Plant & Equipment	4.4	101.7	1.01	0.02	1.25
Investment in Securities	-55.53	-5.31	-6.25	-50	-710.1
Other Investing Activities	-	18.17	-6.6	867.13	0.47
Investing Cash Flow	-227.54	-63.84	-204.01	630.59	-1,171
Short-Term Debt Issued	32.35	182.13	-	-	-
Long-Term Debt Issued	1,230	250	75.16	-	-
Total Debt Issued	1,262	432.13	75.16	-	-
Long-Term Debt Repaid	-1,025	-288.53	-86.03	-129.77	-461.12
Net Debt Issued (Repaid)	237.15	143.6	-10.87	-129.77	-461.12
Repurchase of Common Stock	-126.43	-3.58	-	-193.14	-
Common Dividends Paid	-83.72	-113.95	-142.14	-66.39	-42.43
Other Financing Activities	-533.23	-403.1	-590	124.31	-149.77
Financing Cash Flow	-506.23	-377.03	-743	-264.99	-653.33
Foreign Exchange Rate Adjustments	-11.59	5.67	-5.84	-2.72	-1.52
Net Cash Flow	49.67	-408.69	446.14	691.71	-1,375
Free Cash Flow	618.62	-151.89	1,207	142.28	-12.14
Free Cash Flow Growth	-	-	748.23%	-	-
Free Cash Flow Margin	6.55%	-1.78%	12.38%	1.58%	-0.23%
Free Cash Flow Per Share	0.97	-0.23	1.85	0.22	-0.02
Cash Income Tax Paid	181.87	155.38	301.51	178.63	181.14
Levered Free Cash Flow	627.1	-225.31	787.19	62.66	-157.55
Unlevered Free Cash Flow	634.32	-220.74	791.95	71.71	-151.33
Change in Working Capital	-415.01	-1,594	-437.01	-774.22	-212.16

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