SHE:300485 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	81.2	-68.85	102.92	204.73	402.27	154.9
Depreciation & Amortization	47.18	47.18	48.74	47.6	55.68	36.96
Other Amortization	0.07	0.07	-	0.03	1.04	1.44
Loss (Gain) From Sale of Assets	-	-	-0	-6.65	-6.57	-0.17
Asset Writedown & Restructuring Costs	0.05	0.05	-	0.04	-1.06	9.03
Loss (Gain) From Sale of Investments	108.13	108.13	-160.07	-212.12	-318.44	-40.99
Provision & Write-off of Bad Debts	-1.17	-1.17	-1.59	-0.61	-	-
Other Operating Activities	-230.6	-5.52	-6.57	-1.73	-7.14	-3.44
Change in Accounts Receivable	14.71	14.71	39.17	1.17	34.48	29.63
Change in Inventory	22.36	22.36	-17.97	33.96	36.52	10.59
Change in Accounts Payable	37.98	37.98	-7.32	-8.71	-38.42	63.89
Change in Other Net Operating Assets	0.39	0.39	-	3.45	-	3.86
Operating Cash Flow	60.95	135.97	21.21	110.43	183.3	263.73
Operating Cash Flow Growth	-32.77%	541.05%	-80.79%	-39.75%	-30.50%	52.86%
Capital Expenditures	-90.4	-101.13	-52.91	-43.28	-45.91	-117.84
Sale of Property, Plant & Equipment	0.18	-	0.03	10.91	15.25	0.21
Cash Acquisitions	-	-	-	-4.43	-	-
Investment in Securities	-84.43	-99.45	-48.99	29.27	-674.77	-238.9
Other Investing Activities	69.65	25.22	15.61	39.92	42.96	9.15
Investing Cash Flow	-105	-175.36	-86.26	32.39	-662.47	-347.39
Net Debt Issued (Repaid)	19.99	-	-	-	-	-
Issuance of Common Stock	4.7	4.7	-	-	-	-
Common Dividends Paid	-	-10.59	-41.4	-80.88	-31.31	-30.02
Other Financing Activities	-	-	-	0.72	-	-1.62
Financing Cash Flow	24.69	-5.89	-41.4	-80.16	-31.31	-31.64
Foreign Exchange Rate Adjustments	0.33	0.37	0.4	2	-0.51	-1.29
Net Cash Flow	-19.03	-44.9	-106.05	64.67	-510.99	-116.59
Free Cash Flow	-29.45	34.85	-31.7	67.15	137.38	145.88
Free Cash Flow Growth	-	-	-	-51.12%	-5.83%	138.75%
Free Cash Flow Margin	-7.32%	8.37%	-6.65%	9.14%	13.07%	13.33%
Free Cash Flow Per Share	-0.06	0.07	-0.07	0.14	0.29	0.30
Cash Income Tax Paid	51.04	21.71	23.57	49.22	86.67	98.35
Levered Free Cash Flow	-24.01	30.21	-33.15	44.63	92.42	98.25
Unlevered Free Cash Flow	-24.01	30.21	-33.15	44.63	92.42	98.36
Change in Working Capital	56.09	56.09	37.79	79.14	57.5	106

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