SHE:300606 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	20.03	19.91	-16.4	52.33	25.84	67.5
Depreciation & Amortization	38.46	38.46	31.55	26.33	21.68	20.64
Other Amortization	2.15	2.15	1.61	0.82	0.51	0.58
Loss (Gain) From Sale of Assets	0.61	0.61	0.08	-0.02	-	-
Asset Writedown & Restructuring Costs	4.89	4.89	41.21	11.04	6.61	11.88
Loss (Gain) From Sale of Investments	1.11	1.11	1.61	0.81	-0.37	-4.21
Other Operating Activities	-47.65	9.23	3.58	3.02	-0.78	1.97
Change in Accounts Receivable	18.51	18.51	72.69	-59.3	38.85	-179.92
Change in Inventory	66.56	66.56	-75.3	10.28	-5.4	-74.08
Change in Accounts Payable	-8.7	-8.7	5.7	64.96	-69.4	139.39
Change in Other Net Operating Assets	-	-	-	1.23	6.23	16.63
Operating Cash Flow	91.3	148.07	53.99	114.01	21.07	-0.82
Operating Cash Flow Growth	38.80%	174.24%	-52.64%	440.99%	-	-
Capital Expenditures	-46.73	-61.81	-121.87	-168.92	-102.29	-14.53
Sale of Property, Plant & Equipment	0.1	0.1	0.07	0.1	-	-
Investment in Securities	-4.99	-18	-23	0.5	-0.05	-20.78
Other Investing Activities	0.74	0.59	0.02	0.09	1.32	4.42
Investing Cash Flow	-50.89	-79.12	-144.79	-168.23	-101.02	-30.9
Short-Term Debt Issued	-	-	-	-	-	44.32
Long-Term Debt Issued	-	131.85	234.22	134.22	49.5	-
Total Debt Issued	123.67	131.85	234.22	134.22	49.5	44.32
Short-Term Debt Repaid	-	-	-	-	-	-40.74
Long-Term Debt Repaid	-	-144.6	-77.81	-52.97	-47.91	-3.82
Total Debt Repaid	-129.82	-144.6	-77.81	-52.97	-47.91	-44.56
Net Debt Issued (Repaid)	-6.15	-12.74	156.41	81.25	1.59	-0.24
Issuance of Common Stock	-	-	8	-	-	-
Repurchase of Common Stock	-	-	-	-0.07	-20	-
Common Dividends Paid	-24.69	-24.83	-24.06	-2.63	-34.43	-27.8
Other Financing Activities	0.35	-	-0.32	-	4.86	0.16
Financing Cash Flow	-30.49	-37.57	140.03	78.55	-47.99	-27.88
Foreign Exchange Rate Adjustments	-0.76	-0.45	0.28	0.21	1.05	-0.27
Net Cash Flow	9.16	30.92	49.52	24.55	-126.89	-59.87
Free Cash Flow	44.57	86.25	-67.88	-54.9	-81.22	-15.35
Free Cash Flow Margin	8.19%	15.83%	-13.78%	-9.71%	-20.55%	-3.43%
Free Cash Flow Per Share	0.31	0.61	-0.50	-0.39	-0.57	-0.11
Cash Income Tax Paid	20.68	14.07	14.26	28.41	19.68	26.39
Levered Free Cash Flow	72.83	116.61	-67.4	-83.93	-90.18	-114.14
Unlevered Free Cash Flow	77.34	121.17	-65.23	-82.47	-88.94	-113.34
Change in Working Capital	71.71	71.71	-9.25	19.68	-32.42	-99.18

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