SHE:300555 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-57.65	-58.1	-34.46	-18.81	-16.26	3.41
Depreciation & Amortization	8.09	8.09	6.08	6.23	6.13	6.86
Other Amortization	0.39	0.39	0.13	0.06	0.19	0.35
Loss (Gain) From Sale of Assets	0.03	0.03	-	-	-	-
Asset Writedown & Restructuring Costs	0.21	0.21	0.25	0.52	0.8	0.58
Loss (Gain) From Sale of Investments	-0.56	-0.56	-1.25	-3.66	-7.69	-8.19
Provision & Write-off of Bad Debts	40.49	40.49	13.09	11.13	8.09	-0.42
Other Operating Activities	-3.4	0.37	10.47	6.12	5.06	5.38
Change in Accounts Receivable	51.4	51.4	10.88	-75.51	-24.32	79.82
Change in Inventory	43.57	43.57	23.85	-37.14	-19.35	-16
Change in Accounts Payable	-33.03	-33.03	-24.09	25.5	1.97	17.56
Change in Other Net Operating Assets	-	-	-4.53	1.39	3.14	-
Operating Cash Flow	36.23	39.54	-8.23	-88.66	-45.83	88.04
Operating Cash Flow Growth	-	-	-	-	-	63.52%
Capital Expenditures	-0.1	-0.2	-0.14	-6.53	-18.33	-7.18
Sale of Property, Plant & Equipment	0.02	0.02	-	0	0.01	0
Investment in Securities	-15.12	-0.25	44.8	77.65	50.94	-35.68
Other Investing Activities	0.31	0.48	0.88	3.66	7.25	8.13
Investing Cash Flow	-14.89	0.05	45.55	74.77	39.87	-34.72
Short-Term Debt Issued	-	-	-	36.45	40.86	49.02
Total Debt Issued	-	-	-	36.45	40.86	49.02
Short-Term Debt Repaid	-	-	-36.45	-40.81	-41.18	-49.49
Long-Term Debt Repaid	-	-0.2	-0.43	-0.58	-0.15	-
Total Debt Repaid	-0.2	-0.2	-36.89	-41.39	-41.33	-49.49
Net Debt Issued (Repaid)	-0.2	-0.2	-36.89	-4.94	-0.47	-0.48
Common Dividends Paid	-	-	-0.32	-2.35	-1.58	-5.16
Other Financing Activities	9.52	-	-	-	-	-
Financing Cash Flow	9.32	-0.2	-37.2	-7.28	-2.05	-5.63
Foreign Exchange Rate Adjustments	-0	0.01	-0.08	0.54	-0.08	-0.15
Net Cash Flow	30.65	39.4	0.03	-20.63	-8.09	47.54
Free Cash Flow	36.12	39.34	-8.37	-95.19	-64.16	80.86
Free Cash Flow Growth	-	-	-	-	-	61.90%
Free Cash Flow Margin	23.43%	22.21%	-4.60%	-44.58%	-33.37%	43.02%
Free Cash Flow Per Share	0.18	0.20	-0.04	-0.48	-0.32	0.40
Cash Income Tax Paid	7.73	4.81	12.17	6.51	6.01	8.93
Levered Free Cash Flow	56.31	50.72	-24.54	-79.62	-59.19	77.97
Unlevered Free Cash Flow	56.33	50.73	-24.54	-78.15	-58.2	78.65
Change in Working Capital	48.63	48.63	-2.55	-90.25	-42.15	80.07

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