SHE:300666 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	400.56	255.47	264.34	106.63
Depreciation & Amortization	177.84	137.19	103.37	75.85
Other Amortization	43.84	24.6	13.82	6.6
Loss (Gain) From Sale of Assets	-0.24	-0.51	-0.04	0.06
Asset Writedown & Restructuring Costs	0.65	0.32	30	17.59
Loss (Gain) From Sale of Investments	-75.63	-56.46	-19.32	-8.42
Provision & Write-off of Bad Debts	24.88	13.33	-	-
Other Operating Activities	32.11	51.85	41.27	38.96
Change in Accounts Receivable	-562.92	-398.15	-115.16	-82.91
Change in Inventory	-503.21	-104.95	-504.9	-100.05
Change in Accounts Payable	327.15	260.71	123.43	42.44
Change in Other Net Operating Assets	36.03	55.78	96.66	-7.14
Operating Cash Flow	-96.33	251.03	15.1	102.91
Operating Cash Flow Growth	-	1562.28%	-85.32%	-
Capital Expenditures	-1,380	-848.99	-805.89	-320.88
Sale of Property, Plant & Equipment	4.84	26.4	16.49	4.8
Cash Acquisitions	-	0.39	-	-
Divestitures	-0.98	-11.13	-	-
Investment in Securities	24.33	-193.56	-67.45	15
Other Investing Activities	2.14	0.8	10	-
Investing Cash Flow	-1,350	-1,026	-846.85	-301.08
Long-Term Debt Issued	2,066	1,431	1,888	1,547
Long-Term Debt Repaid	-435.88	-793.1	-2,146	-1,312
Net Debt Issued (Repaid)	1,630	637.69	-257.46	235.66
Issuance of Common Stock	-	4.34	1,942	115.77
Repurchase of Common Stock	-34.3	-25.97	-	-
Common Dividends Paid	-100.27	-79.44	-54.31	-63.98
Other Financing Activities	112.07	-123.83	-2.8	-8.16
Financing Cash Flow	1,607	412.79	1,627	279.28
Foreign Exchange Rate Adjustments	5.56	6.49	30.9	-5.33
Net Cash Flow	166.54	-355.78	826.14	75.77
Free Cash Flow	-1,477	-597.97	-790.79	-217.97
Free Cash Flow Margin	-40.96%	-22.98%	-34.01%	-13.68%
Free Cash Flow Per Share	-5.57	-2.25	-3.32	-0.96
Cash Income Tax Paid	-28.5	14.84	-85.31	-15.52
Levered Free Cash Flow	-1,147	-457.53	-839.5	-341.07
Unlevered Free Cash Flow	-1,113	-440.2	-799.47	-311.59
Change in Working Capital	-700.36	-174.76	-418.33	-134.37

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