SHE:300585 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	-2.73	-8.51	5.22	19.77	34.44	31.57
Depreciation & Amortization	28.77	28.77	29.6	27.29	25.58	26.21
Other Amortization	7.74	7.74	5.4	4.21	3.15	2.15
Loss (Gain) From Sale of Assets	-0.1	-0.1	-0	-	-	1.24
Asset Writedown & Restructuring Costs	2.84	2.84	0.03	-0.11	20.89	22.48
Loss (Gain) From Sale of Investments	-3.47	-3.47	-2.28	-32.54	6.63	2.16
Provision & Write-off of Bad Debts	-3.59	-3.59	5.76	4.54	-	-
Other Operating Activities	29.11	4.2	6.37	10.13	1.87	3.84
Change in Accounts Receivable	40.71	40.71	-28.37	-38.33	25.34	-74.13
Change in Inventory	-3.18	-3.18	-17.12	-9.65	-6.14	-24.76
Change in Accounts Payable	-34.24	-34.24	25.56	9.17	-84.13	31.2
Operating Cash Flow	58.06	27.38	23.07	-9.32	26.26	23.31
Operating Cash Flow Growth	297.60%	18.68%	-	-	12.66%	-40.66%
Capital Expenditures	-20.75	-22.84	-55.37	-25.47	-24.76	-23.9
Sale of Property, Plant & Equipment	0.35	0.58	0.24	0.19	1.56	2.4
Investment in Securities	21.43	10.52	14.69	-59.79	-0.3	17.86
Other Investing Activities	4.18	5.55	7.83	31.48	4.25	9.24
Investing Cash Flow	5.2	-6.19	-32.61	-53.59	-19.25	5.6
Short-Term Debt Issued	-	10	21	45	55	102
Total Debt Issued	5	10	21	45	55	102
Short-Term Debt Repaid	-	-30	-19.9	-60.1	-75	-153.25
Long-Term Debt Repaid	-	-1.42	-1.12	-0.66	-	-
Total Debt Repaid	-13.42	-31.42	-21.02	-60.76	-75	-153.25
Net Debt Issued (Repaid)	-8.42	-21.42	-0.02	-15.76	-20	-51.25
Issuance of Common Stock	-	-	-	-	137.4	-
Repurchase of Common Stock	-2	-	-	-	-	-
Common Dividends Paid	-	-2.04	-5.02	-1.34	-3.1	-5.06
Other Financing Activities	2.23	2.2	1.5	2.45	-1.99	-0.28
Financing Cash Flow	-8.19	-21.26	-3.54	-14.64	112.3	-56.6
Foreign Exchange Rate Adjustments	-	0.03	0.04	0.2	-0.03	-0.17
Net Cash Flow	55.07	-0.04	-13.04	-77.36	119.28	-27.85
Free Cash Flow	37.31	4.54	-32.3	-34.79	1.5	-0.59
Free Cash Flow Margin	8.41%	1.03%	-6.62%	-8.64%	0.33%	-0.14%
Free Cash Flow Per Share	0.22	0.03	-0.19	-0.20	0.01	-0.00
Cash Interest Paid	0	-	-	-	-	-
Cash Income Tax Paid	11.77	19.04	22.09	22.16	18.79	25.96
Levered Free Cash Flow	76.11	2.76	-28.57	-41.11	-1.13	14.16
Unlevered Free Cash Flow	76.2	3	-28.08	-40.27	0.8	17.14
Change in Working Capital	-0.52	-0.52	-27.03	-42.61	-66.29	-66.34

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