SHE:300653 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	76.99	134.64	190.96	185.44	168.55	118.33
Depreciation & Amortization	22.05	22.05	20.52	19.1	17.74	6.18
Other Amortization	0.78	0.78	0.43	0.72	0.19	-
Loss (Gain) From Sale of Assets	-	-	-0.02	0.92	-	-
Asset Writedown & Restructuring Costs	0.08	0.08	0.12	0.11	0.19	0.16
Loss (Gain) From Sale of Investments	-18.05	-18.05	-25.27	-7.2	-15.94	-6.89
Provision & Write-off of Bad Debts	0.39	0.39	0.05	0.27	0.35	0.51
Other Operating Activities	10.37	-0	0.02	-0	0.01	-0.06
Change in Accounts Receivable	15.96	15.96	0.27	-5.46	8.18	-7.61
Change in Inventory	1.53	1.53	3.98	-6.72	-10.33	-5.53
Change in Accounts Payable	-5.48	-5.48	-10.86	2.01	-10.44	13.35
Operating Cash Flow	104.11	151.38	180.48	187.84	166.13	118.43
Operating Cash Flow Growth	-40.59%	-16.12%	-3.92%	13.06%	40.28%	14.45%
Capital Expenditures	-13.91	-15.57	-31.88	-56.06	-9.82	-103.03
Sale of Property, Plant & Equipment	0.07	-	0.06	0.05	0.18	0.01
Investment in Securities	-79.97	91.32	-54.32	-98	-189	122.64
Other Investing Activities	13.53	19.92	15.18	16.17	11.31	8.18
Investing Cash Flow	-80.29	95.66	-70.95	-137.84	-187.33	27.8
Repurchase of Common Stock	-49.92	-49.92	-	-	-	-
Common Dividends Paid	-81.71	-144	-108	-105.6	-30	-60
Other Financing Activities	34.27	-0.01	-0.01	-0	-0.02	-0.07
Financing Cash Flow	-97.37	-193.93	-108.01	-105.6	-30.02	-60.07
Net Cash Flow	-73.55	53.11	1.52	-55.6	-51.21	86.16
Free Cash Flow	90.19	135.81	148.6	131.78	156.31	15.41
Free Cash Flow Growth	-43.86%	-8.61%	12.77%	-15.70%	914.68%	-62.58%
Free Cash Flow Margin	25.95%	37.39%	35.92%	30.42%	39.06%	5.25%
Free Cash Flow Per Share	0.50	0.76	0.82	0.91	0.87	0.09
Cash Interest Paid	0.01	0.01	0.01	0	-	-
Cash Income Tax Paid	44.22	35.69	42.9	27.94	38.27	32.62
Levered Free Cash Flow	54.13	82.19	90.49	64.32	82.82	-4.01
Unlevered Free Cash Flow	54.14	82.2	90.49	64.33	82.82	-4.01
Change in Working Capital	11.5	11.5	-6.32	-11.52	-4.96	0.2

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