SHE:300468 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	81.73	67.36	47.38	41.21	66.76	74.56
Depreciation & Amortization	27.4	27.4	31.63	32.65	25.74	16.49
Other Amortization	5.73	5.73	3.46	2.8	1.73	1.9
Asset Writedown & Restructuring Costs	0.05	0.05	0.09	0.02	0.1	0.03
Loss (Gain) From Sale of Investments	-	-	-	-	1.39	-1.36
Provision & Write-off of Bad Debts	-0.4	-0.4	1.57	1.07	-1.62	1.42
Other Operating Activities	105.31	9.81	0.62	6.45	3.83	0.07
Change in Accounts Receivable	20.51	20.51	-1.18	29.72	-38.65	-50.28
Change in Inventory	18.59	18.59	32.16	19.13	-48.73	-48.93
Change in Accounts Payable	17.93	17.93	11.17	9.13	8.93	16.5
Change in Other Net Operating Assets	-	-	-	-0.02	-	0.82
Operating Cash Flow	277.81	167.94	127.11	140.75	25.83	11.34
Operating Cash Flow Growth	516.91%	32.12%	-9.69%	445.00%	127.80%	-90.50%
Capital Expenditures	-31.37	-14.37	-7.25	-16.3	-54.45	-26.46
Sale of Property, Plant & Equipment	0.18	0.14	0.02	0.02	0.03	0.03
Investment in Securities	-	-	-	10.4	30.37	-
Other Investing Activities	-	-	-	-	2.64	3.01
Investing Cash Flow	-31.19	-14.22	-7.23	-5.88	-21.41	-23.42
Long-Term Debt Repaid	-	-13.5	-12.79	-14.57	-8.13	-
Net Debt Issued (Repaid)	-13.5	-13.5	-12.79	-14.57	-8.13	-
Issuance of Common Stock	-	-	-	390	-	-
Repurchase of Common Stock	-	-	-	-	-0.06	-1.99
Common Dividends Paid	-53.06	-31.84	-31.84	-28.33	-29.33	-28.11
Other Financing Activities	5.03	-	-	-2.05	-	-
Financing Cash Flow	-61.54	-45.34	-44.63	345.05	-37.52	-30.1
Foreign Exchange Rate Adjustments	-13.05	0.87	0.31	2.34	-2.47	-2.8
Net Cash Flow	172.02	109.24	75.56	482.27	-35.56	-44.98
Free Cash Flow	246.43	153.57	119.86	124.45	-28.62	-15.12
Free Cash Flow Growth	655.65%	28.12%	-3.68%	-	-	-
Free Cash Flow Margin	37.13%	20.74%	16.41%	18.74%	-4.46%	-2.63%
Free Cash Flow Per Share	0.48	0.30	0.23	0.24	-0.06	-0.03
Cash Income Tax Paid	12.55	9.34	19.48	18.99	8.8	0.57
Levered Free Cash Flow	131.33	118.97	135.84	101.1	-52.65	-63.7
Unlevered Free Cash Flow	131.49	119.37	136.26	105.18	-52.37	-63.7
Change in Working Capital	57.98	57.98	42.36	56.56	-72.11	-81.75

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