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 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	Dec '21 Dec 31, 2021
Net Income	70.53	82.41	134.64	190.96	185.44	168.55
Depreciation & Amortization	22.31	22.31	22.59	20.52	19.1	17.74
Other Amortization	0.5	0.5	0.24	0.43	0.72	0.19
Loss (Gain) From Sale of Assets	-	-	-	-0.02	0.92	-
Asset Writedown & Restructuring Costs	0.03	0.03	0.08	0.12	0.11	0.19
Loss (Gain) From Sale of Investments	-13.54	-13.54	-18.05	-25.27	-7.2	-15.94
Provision & Write-off of Bad Debts	0.26	0.26	0.39	0.05	0.27	0.35
Other Operating Activities	-14.28	0.01	-0	0.02	-0	0.01
Change in Accounts Receivable	-11.64	-11.64	15.96	0.27	-5.46	8.18
Change in Inventory	5.63	5.63	1.53	3.98	-6.72	-10.33
Change in Accounts Payable	11.55	11.55	-5.48	-10.86	2.01	-10.44
Operating Cash Flow	71.02	97.19	151.38	180.48	187.84	166.13
Operating Cash Flow Growth	-53.86%	-35.80%	-16.12%	-3.92%	13.06%	40.28%
Capital Expenditures	-14.15	-9.1	-15.57	-31.88	-56.06	-9.82
Sale of Property, Plant & Equipment	0.23	0.07	-	0.06	0.05	0.18
Investment in Securities	-	-70	91.32	-54.32	-98	-189
Other Investing Activities	13.91	13.87	19.92	15.18	16.17	11.31
Investing Cash Flow	-0.02	-65.17	95.66	-70.95	-137.84	-187.33
Repurchase of Common Stock	-	-	-49.92	-	-	-
Common Dividends Paid	-81.71	-81.71	-144	-108	-105.6	-30
Other Financing Activities	-	-	-0.01	-0.01	-0	-0.02
Financing Cash Flow	-81.71	-81.71	-193.93	-108.01	-105.6	-30.02
Net Cash Flow	-10.71	-49.69	53.11	1.52	-55.6	-51.21
Free Cash Flow	56.87	88.09	135.81	148.6	131.78	156.31
Free Cash Flow Growth	-59.19%	-35.14%	-8.61%	12.77%	-15.70%	914.68%
Free Cash Flow Margin	16.35%	24.19%	37.39%	35.92%	30.42%	39.06%
Free Cash Flow Per Share	0.31	0.49	0.76	0.82	0.91	0.87
Cash Interest Paid	-	-	0.01	0.01	0	-
Cash Income Tax Paid	55.74	48.97	35.69	42.9	27.94	38.27
Levered Free Cash Flow	37.84	57.78	82.19	90.49	64.32	82.82
Unlevered Free Cash Flow	37.84	57.79	82.2	90.49	64.33	82.82
Change in Working Capital	5.2	5.2	11.5	-6.32	-11.52	-4.96

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