SHE:300519 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	57.94	50.39	64.36	108.82	114.28	98.98
Depreciation & Amortization	14.93	14.93	14.77	14.05	12.86	12.53
Loss (Gain) From Sale of Assets	0.07	0.07	0.29	-	0.71	-
Asset Writedown & Restructuring Costs	0.01	0.01	-0.02	-0	0.49	0.72
Loss (Gain) From Sale of Investments	-4.87	-4.87	-4.07	-4.32	-6.42	-6.59
Provision & Write-off of Bad Debts	0.11	0.11	-0.71	0.43	-	-
Other Operating Activities	8.04	0.39	0.5	0.2	-	-
Change in Accounts Receivable	-2.69	-2.69	14.4	-8.44	2.93	-0.51
Change in Inventory	1.69	1.69	-25.78	0.42	-4.46	6.08
Change in Accounts Payable	-6.55	-6.55	-10.6	15.37	22.02	1.53
Operating Cash Flow	68.64	53.43	53.29	126.43	142.36	112.61
Operating Cash Flow Growth	46.28%	0.27%	-57.85%	-11.19%	26.41%	14.60%
Capital Expenditures	-4.05	-5.2	-15.99	-16.64	-14.71	-10.27
Sale of Property, Plant & Equipment	0.03	0.1	0.32	0.03	0.2	-
Investment in Securities	-30	-30	-40	10	-36.8	135.4
Other Investing Activities	-120.59	5.14	4.29	4.55	6.78	18.75
Investing Cash Flow	-154.62	-29.96	-51.37	-2.07	-44.54	143.88
Common Dividends Paid	-48	-64	-80	-96	-96	-72
Financing Cash Flow	-48	-64	-80	-96	-96	-72
Net Cash Flow	-133.98	-40.53	-78.08	28.36	1.82	184.5
Free Cash Flow	64.58	48.23	37.3	109.78	127.64	102.34
Free Cash Flow Growth	88.88%	29.30%	-66.02%	-13.99%	24.72%	24.40%
Free Cash Flow Margin	25.12%	18.02%	13.80%	31.23%	39.78%	36.15%
Free Cash Flow Per Share	0.39	0.30	0.23	0.69	0.79	0.64
Cash Income Tax Paid	31.28	23.4	44.9	36	44.76	43.56
Levered Free Cash Flow	33.04	23.2	7.05	71.83	87.81	68.95
Unlevered Free Cash Flow	33.04	23.2	7.05	71.83	87.81	68.95
Change in Working Capital	-7.59	-7.59	-21.83	7.24	20.43	6.97

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