SHE:300581 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	2015 - 2019
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	2015 - 2019
Net Income	-45.52	-26.59	5.75	35.68	26.72	62.96	Upgrade
Depreciation & Amortization	16.88	16.88	15.44	13.38	10.43	7.27	Upgrade
Other Amortization	0.12	0.12	0.05	0.06	0.06	0.18	Upgrade
Loss (Gain) From Sale of Assets	0.05	0.05	-	-	0	-0.03	Upgrade
Asset Writedown & Restructuring Costs	-0	-0	0.04	0.01	-	-	Upgrade
Loss (Gain) From Sale of Investments	-0.56	-0.56	-2.65	-1.74	-	-	Upgrade
Other Operating Activities	39.19	0.94	0.39	0.06	0.02	-	Upgrade
Change in Accounts Receivable	-15.97	-15.97	-136.14	-62.4	27.75	-90.78	Upgrade
Change in Inventory	-25.41	-25.41	8.53	-55.51	-46.47	-19.31	Upgrade
Change in Accounts Payable	-17.61	-17.61	-10.08	81.75	14.84	11.72	Upgrade
Change in Other Net Operating Assets	23.68	23.68	39.52	13.37	8.84	13.17	Upgrade
Operating Cash Flow	-28.79	-48.11	-85.42	23.06	40.99	-16.38	Upgrade
Operating Cash Flow Growth	-	-	-	-43.73%	-	-	Upgrade
Capital Expenditures	-27.77	-27.94	-29.4	-8.48	-34.07	-28.63	Upgrade
Sale of Property, Plant & Equipment	10.03	3.08	0	0	0.61	0.01	Upgrade
Investment in Securities	28	-70	140	-140	-	-	Upgrade
Other Investing Activities	0.63	0.44	4.65	-	-	-	Upgrade
Investing Cash Flow	10.89	-94.42	115.26	-148.48	-33.46	-28.62	Upgrade
Total Debt Issued	10	-	-	-	-	-	Upgrade
Long-Term Debt Repaid	-	-0.26	-0.54	-0.56	-0.28	-	Upgrade
Total Debt Repaid	-0.26	-0.26	-0.54	-0.56	-0.28	-	Upgrade
Net Debt Issued (Repaid)	9.74	-0.26	-0.54	-0.56	-0.28	-	Upgrade
Issuance of Common Stock	-	-	-	250	-	-	Upgrade
Common Dividends Paid	-0.04	-7.15	-	-	-	-9.79	Upgrade
Other Financing Activities	10.26	-	-0.33	-5.6	-0.42	-0.34	Upgrade
Financing Cash Flow	19.96	-7.41	-0.87	243.84	-0.7	-10.13	Upgrade
Net Cash Flow	2.06	-149.94	28.98	118.43	6.83	-55.13	Upgrade
Free Cash Flow	-56.56	-76.05	-114.81	14.59	6.92	-45.01	Upgrade
Free Cash Flow Growth	-	-	-	110.80%	-	-	Upgrade
Free Cash Flow Margin	-46.40%	-54.12%	-49.20%	6.26%	3.09%	-16.62%	Upgrade
Free Cash Flow Per Share	-0.10	-0.14	-0.21	0.03	0.01	-0.09	Upgrade
Cash Income Tax Paid	23.02	28.55	27.31	-10.87	32.72	19.76	Upgrade
Levered Free Cash Flow	0.31	-55.28	-117.21	-4.52	-8.39	-61.76	Upgrade
Unlevered Free Cash Flow	0.39	-55.28	-117.2	-4.48	-8.38	-61.76	Upgrade
Change in Working Capital	-38.96	-38.96	-104.43	-24.38	3.75	-86.75	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.