SHE:300559 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	34.75	36.39	131.04	68.95	82.63	210.35
Depreciation & Amortization	14.49	14.49	26.67	20.86	16.31	11.09
Other Amortization	13.48	13.48	0.63	0.71	0.65	0.52
Loss (Gain) From Sale of Assets	-0.02	-0.02	0.35	-	-0.01	-
Asset Writedown & Restructuring Costs	8.45	8.45	6.54	6.93	14.47	0.76
Loss (Gain) From Sale of Investments	2.02	2.02	1.7	4.9	-3.78	-20.89
Provision & Write-off of Bad Debts	9.15	9.15	11.68	19.87	22.39	18.11
Other Operating Activities	6.86	-9.5	-0.13	-4.77	-9	-6.54
Change in Accounts Receivable	30.95	30.95	-24.11	-5.57	21.4	-106.77
Change in Inventory	-27.2	-27.2	-1.42	-6.23	-26.5	4.45
Change in Accounts Payable	-47.33	-47.33	15	0.95	-13.81	11.52
Change in Other Net Operating Assets	24.43	24.43	16.54	-	0.03	1.76
Operating Cash Flow	64.86	50.14	179.73	104.28	80.34	117.59
Operating Cash Flow Growth	-34.52%	-72.10%	72.35%	29.79%	-31.68%	-50.57%
Capital Expenditures	-23.78	-16.7	-25.1	-34.85	-80.98	-71.51
Sale of Property, Plant & Equipment	0.02	0.03	2.33	-	0.02	-
Divestitures	-2.07	-2.07	-	-	-	-
Investment in Securities	-284.76	-175.5	-12.52	-2.3	-4.13	337.63
Other Investing Activities	216.53	1.77	0.75	3	9.32	53.8
Investing Cash Flow	-94.06	-192.47	-34.54	-34.15	-75.78	319.92
Short-Term Debt Issued	-	20	-	-	63	-
Total Debt Issued	210	20	-	-	63	-
Long-Term Debt Repaid	-	-0.24	-2.52	-63.76	-2.12	-
Net Debt Issued (Repaid)	189.76	19.76	-2.52	-63.76	60.88	-
Issuance of Common Stock	16.38	16.38	39.15	-	-	-
Repurchase of Common Stock	-	-	-	-	-124.47	-
Common Dividends Paid	-60.06	-59.67	-27.35	-40.1	-78.48	-79.91
Other Financing Activities	-16.13	-20	0.17	-	2	0.12
Financing Cash Flow	129.95	-43.53	9.46	-103.86	-140.07	-79.79
Net Cash Flow	100.75	-185.87	154.65	-33.73	-135.5	357.72
Free Cash Flow	41.07	33.43	154.62	69.43	-0.64	46.08
Free Cash Flow Growth	-40.43%	-78.38%	122.69%	-	-	-46.92%
Free Cash Flow Margin	9.52%	7.78%	25.58%	16.83%	-0.17%	7.81%
Free Cash Flow Per Share	0.10	0.08	0.39	0.17	-0.00	0.12
Cash Income Tax Paid	19.58	34.35	30.59	16.57	39.41	30.41
Levered Free Cash Flow	61.67	11.5	85.64	28.44	-24.22	12.32
Unlevered Free Cash Flow	61.75	11.59	85.7	29.18	-23.75	12.32
Change in Working Capital	-24.32	-24.32	1.25	-13.17	-43.32	-95.81

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