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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	72.01	74.3	67.36	47.38	41.21	66.76
Depreciation & Amortization	21.39	21.39	29.76	31.63	32.65	25.74
Other Amortization	4.82	4.82	3.37	3.46	2.8	1.73
Asset Writedown & Restructuring Costs	0.35	0.35	0.05	0.09	0.02	0.1
Loss (Gain) From Sale of Investments	-	-	-	-	-	1.39
Provision & Write-off of Bad Debts	1.44	1.44	-0.4	1.57	1.07	-1.62
Other Operating Activities	128.08	17.45	9.81	0.62	6.45	3.83
Change in Accounts Receivable	-2.17	-2.17	20.51	-1.18	29.72	-38.65
Change in Inventory	-30.02	-30.02	18.59	32.16	19.13	-48.73
Change in Accounts Payable	-27.84	-27.84	17.93	11.17	9.13	8.93
Change in Other Net Operating Assets	-	-	-	-	-0.02	-
Operating Cash Flow	170.63	62.3	167.94	127.11	140.75	25.83
Operating Cash Flow Growth	-4.49%	-62.91%	32.12%	-9.69%	445.00%	127.80%
Capital Expenditures	-23.85	-25.14	-14.37	-7.25	-16.3	-54.45
Sale of Property, Plant & Equipment	0.06	0.06	0.14	0.02	0.02	0.03
Investment in Securities	-	-	-	-	10.4	30.37
Other Investing Activities	-	-	-	-	-	2.64
Investing Cash Flow	-23.78	-25.07	-14.22	-7.23	-5.88	-21.41
Long-Term Debt Repaid	-	-7.01	-13.5	-12.79	-14.57	-8.13
Net Debt Issued (Repaid)	-7.01	-7.01	-13.5	-12.79	-14.57	-8.13
Issuance of Common Stock	0.45	0.45	-	-	390	-
Repurchase of Common Stock	-	-	-	-	-	-0.06
Common Dividends Paid	-53.06	-53.06	-31.84	-31.84	-28.33	-29.33
Other Financing Activities	-14.26	-8.77	-	-	-2.05	-
Financing Cash Flow	-73.89	-68.39	-45.34	-44.63	345.05	-37.52
Foreign Exchange Rate Adjustments	-11.35	-4.76	0.87	0.31	2.34	-2.47
Net Cash Flow	61.61	-35.93	109.24	75.56	482.27	-35.56
Free Cash Flow	146.79	37.16	153.57	119.86	124.45	-28.62
Free Cash Flow Growth	-9.41%	-75.80%	28.12%	-3.68%	-	-
Free Cash Flow Margin	22.38%	5.89%	20.74%	16.41%	18.74%	-4.46%
Free Cash Flow Per Share	0.28	0.07	0.30	0.23	0.24	-0.06
Cash Income Tax Paid	15.75	20.94	9.34	19.48	18.99	8.8
Levered Free Cash Flow	30.68	-76.99	118.97	135.84	101.1	-52.65
Unlevered Free Cash Flow	30.8	-76.89	119.37	136.26	105.18	-52.37
Change in Working Capital	-57.46	-57.46	57.98	42.36	56.56	-72.11

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