SHE:300462 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	38.14	-10.75	-5.82	60.76	-189.71	127.17
Depreciation & Amortization	20.6	20.6	15.47	15.72	25.11	24.87
Other Amortization	0.45	0.45	0.05	0.05	0.05	-
Loss (Gain) From Sale of Assets	-0.49	-0.49	-0.41	-0.12	0.09	0.15
Asset Writedown & Restructuring Costs	0.04	0.04	-0.14	0.09	144.88	-
Loss (Gain) From Sale of Investments	-5.76	-5.76	-0.67	-7.23	7.43	-2.22
Provision & Write-off of Bad Debts	23.15	23.15	11.06	44.58	30.89	3.27
Other Operating Activities	135.88	29.91	31.4	18.81	41.03	25.53
Change in Accounts Receivable	-108.72	-108.72	38.75	-154.82	248.23	292.74
Change in Inventory	41.68	41.68	-4.51	133.28	53.95	250.98
Change in Accounts Payable	16.45	16.45	38.54	-60.74	-171.24	-810.64
Operating Cash Flow	160.35	5.5	111.72	35.93	166.33	-98.69
Operating Cash Flow Growth	336.55%	-95.08%	210.97%	-78.40%	-	-
Capital Expenditures	-63.33	-6.26	-4.99	-1.69	-8.93	-49.35
Sale of Property, Plant & Equipment	0.03	0.69	0.73	0.01	0.05	-
Cash Acquisitions	-0.87	-0.87	4.09	-13.87	-	-
Investment in Securities	36.38	56.99	-12.42	12.63	-136.91	-71.72
Other Investing Activities	4.89	4.9	15.32	9.36	6.96	5.76
Investing Cash Flow	-22.9	55.45	2.73	6.44	-138.83	-115.3
Short-Term Debt Issued	-	-	-	1.4	-	-
Long-Term Debt Issued	-	20	25	10	-	151.88
Total Debt Issued	28.03	20	25	11.4	-	151.88
Short-Term Debt Repaid	-	-	-	-	-50.95	-10
Long-Term Debt Repaid	-	-98.08	-12.39	-26.65	-0.97	-156.11
Total Debt Repaid	-73.08	-98.08	-12.39	-26.65	-51.92	-166.11
Net Debt Issued (Repaid)	-45.05	-78.08	12.61	-15.25	-51.92	-14.22
Common Dividends Paid	-	-0.39	-14.8	-0.95	-30.86	-35.82
Other Financing Activities	-3.25	-3.7	-7.15	-1.6	-0.41	3.15
Financing Cash Flow	-48.3	-82.17	-9.34	-17.8	-83.19	-46.9
Foreign Exchange Rate Adjustments	-3.48	0.8	0.31	0.4	-0	-1.18
Net Cash Flow	85.68	-20.43	105.41	24.97	-55.7	-262.07
Free Cash Flow	97.02	-0.77	106.73	34.23	157.39	-148.04
Free Cash Flow Growth	201.50%	-	211.77%	-78.25%	-	-
Free Cash Flow Margin	13.35%	-0.12%	17.77%	5.49%	26.51%	-11.85%
Free Cash Flow Per Share	0.54	-0.00	0.55	0.18	0.84	-0.78
Cash Interest Paid	3.72	3.72	2.7	1.6	0.86	0.15
Cash Income Tax Paid	40.99	11.6	53.42	17.18	37.37	169.05
Levered Free Cash Flow	-44.47	116.44	213.13	-63.8	276.36	-199.73
Unlevered Free Cash Flow	-39.94	121.38	220.31	-57.85	283.19	-192.14
Change in Working Capital	-51.65	-51.65	60.78	-96.73	106.54	-277.45

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