SHE:300549 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	13.7	17.33	28.49	38.43
Depreciation & Amortization	23.46	24.81	26.75	26.47
Other Amortization	0.92	0.17	0.17	0.17
Loss (Gain) From Sale of Assets	0.23	0.11	0.12	-0.13
Asset Writedown & Restructuring Costs	0	-	0	0
Loss (Gain) From Sale of Investments	-3.02	-3.2	-3.33	-3.63
Provision & Write-off of Bad Debts	2.01	-0.84	0.84	-0.37
Other Operating Activities	3.68	3.83	7.56	2.77
Change in Accounts Receivable	-44.01	52.08	-11.63	-28
Change in Inventory	-4.61	18.83	11.94	-16.18
Change in Accounts Payable	30.77	-54.25	17.54	6.95
Operating Cash Flow	22.51	58.87	78.32	26.28
Operating Cash Flow Growth	-61.76%	-24.84%	198.05%	-53.09%
Capital Expenditures	-18.36	-16.49	-14.48	-15.75
Sale of Property, Plant & Equipment	0.16	0.2	0.11	0.09
Cash Acquisitions	-	-	-4	-3.01
Investment in Securities	-48	12	-5	11
Other Investing Activities	0.89	2.54	3.5	3.95
Investing Cash Flow	-65.31	-1.75	-19.88	-3.73
Short-Term Debt Issued	67	60.75	85.22	157
Total Debt Issued	67	60.75	85.22	157
Short-Term Debt Repaid	-70	-58.53	-124.92	-139.41
Long-Term Debt Repaid	-2.62	-2.65	-4.15	-3.18
Total Debt Repaid	-72.62	-61.18	-129.07	-142.59
Net Debt Issued (Repaid)	-5.62	-0.43	-43.84	14.42
Common Dividends Paid	-14.51	-17.69	-27.75	-14.67
Financing Cash Flow	-20.14	-18.11	-71.6	-0.25
Foreign Exchange Rate Adjustments	-1.32	0.04	0.39	-1.04
Net Cash Flow	-64.25	39.04	-12.75	21.26
Free Cash Flow	4.15	42.37	63.85	10.52
Free Cash Flow Growth	-90.21%	-33.63%	506.62%	-66.50%
Free Cash Flow Margin	1.20%	12.40%	16.09%	2.70%
Free Cash Flow Per Share	0.03	0.32	0.47	0.08
Cash Income Tax Paid	20.85	30	17.74	25.8
Levered Free Cash Flow	-3	32.4	48.47	-4.22
Unlevered Free Cash Flow	-2.15	33.59	49.83	-2.68
Change in Working Capital	-18.47	16.66	17.72	-37.43

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.