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

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