SHE:300640 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	12.07	9.11	26.38	50.2	20.78	39.01
Depreciation & Amortization	17.34	17.34	17.06	10.9	6.16	1.94
Other Amortization	0.13	0.13	-	-	-	-
Loss (Gain) From Sale of Assets	-0	-0	0.16	-0.33	0	0
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.21
Loss (Gain) From Sale of Investments	10.95	10.95	-4.1	-5.52	-3.78	-1.73
Provision & Write-off of Bad Debts	4.35	4.35	0.47	0.97	1.89	0.34
Other Operating Activities	14.32	-8.88	6.38	-6.05	4.2	6.8
Change in Accounts Receivable	-100.92	-100.92	6.17	-33.62	-70.87	-24.87
Change in Inventory	-0.83	-0.83	0.25	5.32	-0.79	-0.39
Change in Accounts Payable	46.72	46.72	-17.53	205.31	-2.04	16.79
Operating Cash Flow	5.09	-21.07	33.75	227.82	-45.27	38.99
Operating Cash Flow Growth	-	-	-85.19%	-	-	-28.58%
Capital Expenditures	-80.61	-74.23	-64.57	-233.04	-163.18	-149.39
Sale of Property, Plant & Equipment	0.01	0.01	-	-	0	0
Investment in Securities	-29.86	-16.26	2.42	2.69	-	1.73
Other Investing Activities	17.2	-	-	-	3.78	12.65
Investing Cash Flow	-93.27	-90.47	-62.15	-230.34	-159.4	-135
Short-Term Debt Issued	-	104	49	239.2	137.2	60
Total Debt Issued	304	104	49	239.2	137.2	60
Short-Term Debt Repaid	-	-74	-203	-155.2	-127.2	-
Long-Term Debt Repaid	-	-	-1.82	-2.86	-3.5	-
Total Debt Repaid	-149	-74	-204.82	-158.06	-130.7	-
Net Debt Issued (Repaid)	155	30	-155.82	81.14	6.5	60
Issuance of Common Stock	-	-	-	130.43	332.97	-
Common Dividends Paid	-8.49	-22.72	-39.48	-17.83	-17.73	-39.74
Other Financing Activities	-	-	1.35	-	-	0.73
Financing Cash Flow	146.51	7.28	-193.95	193.73	321.74	20.99
Foreign Exchange Rate Adjustments	7.23	6.36	3.95	8.44	-0.66	-6.69
Net Cash Flow	65.56	-97.92	-218.4	199.65	116.41	-81.7
Free Cash Flow	-75.52	-95.3	-30.82	-5.22	-208.46	-110.39
Free Cash Flow Margin	-7.48%	-10.51%	-4.27%	-0.62%	-25.84%	-19.70%
Free Cash Flow Per Share	-0.24	-0.31	-0.10	-0.02	-0.78	-0.50
Cash Interest Paid	-	-	-	-	-	0.65
Cash Income Tax Paid	-	-55.42	-57.31	-104.21	-82.41	-65.49
Levered Free Cash Flow	-76.14	-108.86	-38.24	-109.46	-216.15	-138.32
Unlevered Free Cash Flow	-74.72	-108.25	-36.97	-107.08	-213.84	-137.92
Change in Working Capital	-54.08	-54.08	-12.61	177.65	-74.52	-7.57

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