SHE:300627 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	583.4	449.14	361.29	294.34
Depreciation & Amortization	96.38	112.4	85.93	66.93
Other Amortization	20.78	0.96	1.03	1.09
Loss (Gain) From Sale of Assets	-1.47	-0.09	-4.18	-0.6
Asset Writedown & Restructuring Costs	1.7	2.37	1	6.53
Loss (Gain) From Sale of Investments	-53.35	-27.85	-18.07	-26.71
Provision & Write-off of Bad Debts	55.46	26.54	28.3	-3.17
Other Operating Activities	32.91	21.28	1.68	11.04
Change in Accounts Receivable	-285.21	-155.09	-345.2	-71.77
Change in Inventory	21.22	-76.27	-48.24	-178.28
Change in Accounts Payable	155.23	74.36	266.83	152.51
Change in Other Net Operating Assets	52.97	28.42	41.33	18.96
Operating Cash Flow	659.06	445.35	353.69	271.45
Operating Cash Flow Growth	47.99%	25.91%	30.29%	17.43%
Capital Expenditures	-63.13	-140.41	-356.26	-175.44
Sale of Property, Plant & Equipment	0.4	0.87	2.93	9.55
Cash Acquisitions	-	-4.55	-4.35	-22.91
Investment in Securities	-479.74	-94.94	40.11	-422.5
Other Investing Activities	21.11	10.82	34.56	13.36
Investing Cash Flow	-521.36	-228.2	-283.02	-597.94
Long-Term Debt Issued	118.27	127.66	248.58	440.86
Total Debt Issued	118.27	127.66	248.58	440.86
Long-Term Debt Repaid	-149.35	-160.61	-218.29	-324.55
Total Debt Repaid	-149.35	-160.61	-218.29	-324.55
Net Debt Issued (Repaid)	-31.08	-32.95	30.29	116.31
Issuance of Common Stock	130.11	125.87	38.61	884.3
Repurchase of Common Stock	-0.09	-0.19	-0.84	-0.97
Common Dividends Paid	-203.03	-155.18	-119.86	-91.3
Other Financing Activities	-1.04	-0.41	-	-64.85
Financing Cash Flow	-105.13	-62.85	-51.8	843.49
Foreign Exchange Rate Adjustments	-7.34	3.15	29.1	-8.79
Net Cash Flow	25.22	157.44	47.97	508.21
Free Cash Flow	595.92	304.94	-2.57	96.01
Free Cash Flow Growth	95.43%	-	-	-16.65%
Free Cash Flow Margin	18.33%	11.39%	-0.11%	5.04%
Free Cash Flow Per Share	0.78	0.40	-0.00	0.14
Cash Income Tax Paid	54.34	65.74	40.24	95.99
Levered Free Cash Flow	463.27	11.51	-94.29	-41.61
Unlevered Free Cash Flow	467.71	17.02	-90.5	-39
Change in Working Capital	-76.76	-139.41	-103.28	-78

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