SHE:300493 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	59.38	55.23	36.37	35.63	54.11	58.25
Depreciation & Amortization	11.12	11.12	11.07	10.91	10.07	8.63
Other Amortization	0.76	0.76	1.31	1.28	0.91	1.72
Loss (Gain) From Sale of Assets	0.05	0.05	0.03	-0.01	0.03	0.01
Asset Writedown & Restructuring Costs	0.14	0.14	-0.01	0.03	-	-
Loss (Gain) From Sale of Investments	0.57	0.57	0.87	-0.18	-4.23	-1.12
Provision & Write-off of Bad Debts	-2.14	-2.14	2.48	0.17	-	-
Other Operating Activities	5.14	27.55	32.91	34.59	13.24	20.03
Change in Accounts Receivable	-89.32	-89.32	-166.92	-109.09	-83.38	-87.24
Change in Inventory	1.6	1.6	-0.31	92.49	-155.39	-154.51
Change in Accounts Payable	39.38	39.38	115.99	76.48	9.41	38.7
Change in Other Net Operating Assets	29.11	29.11	14.44	-4.17	4.43	10.4
Operating Cash Flow	60.17	78.43	47.6	138.12	-148.39	-106.4
Operating Cash Flow Growth	160.62%	64.78%	-65.54%	-	-	-
Capital Expenditures	-2.11	-3.03	-19.56	-22.89	-3.98	-12.23
Sale of Property, Plant & Equipment	0.01	0.01	-	0.03	-	0.08
Investment in Securities	2.7	-9.26	-17.81	48.9	-69.41	-18.55
Other Investing Activities	-0.86	-	-	7.05	2.78	-
Investing Cash Flow	-0.25	-12.27	-37.36	33.08	-70.61	-30.7
Short-Term Debt Issued	-	247.48	204.71	167.38	242.82	142.09
Total Debt Issued	232.25	247.48	204.71	167.38	242.82	142.09
Short-Term Debt Repaid	-	-199.68	-143.03	-248.84	-159.95	-95.44
Long-Term Debt Repaid	-	-7.31	-9.17	-8.89	-8.62	-8.42
Total Debt Repaid	-243	-206.99	-152.2	-257.73	-168.56	-103.86
Net Debt Issued (Repaid)	-10.75	40.48	52.51	-90.35	74.25	38.23
Issuance of Common Stock	-	-	40.65	-	130.8	34.39
Repurchase of Common Stock	-	-	-11.85	-0.52	-2.8	-
Common Dividends Paid	-22.38	-22.09	-26.42	-23.29	-23.72	-16.26
Other Financing Activities	23.47	10.93	-32.96	9.07	6.29	-5.06
Financing Cash Flow	-9.67	29.33	21.93	-105.09	184.83	51.3
Foreign Exchange Rate Adjustments	-9.07	-5.09	0.11	2.6	11.35	-9.16
Net Cash Flow	41.18	90.39	32.28	68.72	-22.82	-94.96
Free Cash Flow	58.07	75.4	28.04	115.23	-152.37	-118.63
Free Cash Flow Growth	2207.22%	168.88%	-75.67%	-	-	-
Free Cash Flow Margin	2.00%	2.61%	1.08%	5.33%	-7.25%	-6.39%
Free Cash Flow Per Share	0.11	0.15	0.05	0.23	-0.31	-0.24
Cash Income Tax Paid	16.06	17.35	28.68	16.08	24.55	16.78
Levered Free Cash Flow	53.31	64.96	38.59	84.19	-210.32	-88.65
Unlevered Free Cash Flow	56.71	68.4	40.85	87.17	-206.49	-87.31
Change in Working Capital	-14.85	-14.85	-37.44	55.71	-222.54	-193.93