SHE:300619 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	-59.08	-80.71	93.71	66.57	30.04	12.74
Depreciation & Amortization	120.92	120.92	81.62	62.65	51.36	27.9
Other Amortization	7.76	7.76	4.5	2.56	0.92	0.61
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.04	0.01	0.01	-
Asset Writedown & Restructuring Costs	60.8	60.8	51.07	20.02	17.1	5.85
Loss (Gain) From Sale of Investments	0.42	0.42	0.3	0.01	-	-
Other Operating Activities	749.01	59.7	49.31	30.21	44.13	34.66
Change in Accounts Receivable	-441.31	-441.31	-608.72	30.13	65.17	-13.2
Change in Inventory	109.36	109.36	-32.98	-215.11	-362.35	-24.49
Change in Accounts Payable	-175.88	-175.88	30.11	371.56	183.28	41.55
Change in Other Net Operating Assets	-102.67	-102.67	293.63	121.17	41.19	14.94
Operating Cash Flow	250.64	-460.31	-44.02	484.09	62.56	99.5
Operating Cash Flow Growth	-	-	-	673.76%	-37.12%	138.24%
Capital Expenditures	-232.17	-295.57	-544.51	-285.8	-103.02	-345.18
Sale of Property, Plant & Equipment	0.04	0.01	0.12	0.13	0.08	0
Cash Acquisitions	-	-	-	-	-	-0.85
Investment in Securities	-	-3.9	-	-3.41	-	-
Investing Cash Flow	-232.13	-299.46	-544.39	-289.08	-102.94	-346.03
Long-Term Debt Issued	-	1,881	1,421	748.12	336.9	575.33
Total Debt Issued	1,962	1,881	1,421	748.12	336.9	575.33
Long-Term Debt Repaid	-	-1,643	-777.55	-683.13	-347.37	-282.18
Total Debt Repaid	-2,292	-1,643	-777.55	-683.13	-347.37	-282.18
Net Debt Issued (Repaid)	-330	237.1	643.29	64.99	-10.47	293.15
Issuance of Common Stock	19.9	-	650.17	-	102.73	-
Common Dividends Paid	-61.03	-89.82	-55.41	-28.77	-29.45	-24.25
Other Financing Activities	211.84	60.05	9.47	-55.42	-49.03	-30.79
Financing Cash Flow	-159.28	207.34	1,248	-19.2	13.78	238.12
Foreign Exchange Rate Adjustments	1.26	1.32	0.93	3.08	-0.16	-0.19
Net Cash Flow	-139.52	-551.11	660.04	178.88	-26.75	-8.6
Free Cash Flow	18.46	-755.88	-588.53	198.29	-40.46	-245.68
Free Cash Flow Margin	1.15%	-50.10%	-26.14%	10.90%	-3.52%	-41.35%
Free Cash Flow Per Share	0.11	-4.34	-3.89	1.33	-0.32	-1.95
Cash Income Tax Paid	-	37.26	48.56	72.65	31.58	14.34
Levered Free Cash Flow	-55.42	-728.74	-921.41	124.46	-163.19	-283.27
Unlevered Free Cash Flow	-11.81	-684.39	-883.6	145.52	-135.88	-261.67
Change in Working Capital	-629.18	-629.18	-324.49	302.06	-81	17.73

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