SHE:300668 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	-4.79	-12	57.37	22.88	17.11	20.32
Depreciation & Amortization	13.14	13.14	15.42	15.69	18.29	5.03
Other Amortization	3.04	3.04	1.11	2.08	0.91	1.06
Loss (Gain) From Sale of Assets	-0.05	-0.05	-0	-0.57	-0.14	-0.06
Asset Writedown & Restructuring Costs	2.13	2.13	-	-	-	0.73
Loss (Gain) From Sale of Investments	2.23	2.23	-2.96	-1.36	-0.26	-1.09
Provision & Write-off of Bad Debts	38.65	38.65	47.84	62.57	43.53	24.65
Other Operating Activities	62.12	5.35	2.13	-0.97	4.31	0.2
Change in Accounts Receivable	-82.41	-82.41	-320.19	-150.79	-96.55	-39.34
Change in Accounts Payable	0.55	0.55	194.76	55.88	28.08	24.46
Change in Other Net Operating Assets	0.01	0.01	14.6	1.06	9.66	6.38
Operating Cash Flow	28.03	-35.94	-2.72	1.13	19.39	41.12
Operating Cash Flow Growth	-	-	-	-94.19%	-52.84%	42.99%
Capital Expenditures	-4.21	-6.22	-26.5	-14	-3.31	-2
Sale of Property, Plant & Equipment	0.3	0.08	0.05	0.02	0.15	0.1
Divestitures	-	-	0	-	-	-
Investment in Securities	48.89	48.89	11.14	-133.7	0.32	88.55
Other Investing Activities	-8.26	-	-	-	-	-
Investing Cash Flow	36.72	42.75	-15.3	-147.68	-2.83	86.66
Short-Term Debt Issued	-	32.21	-	-	1.05	-
Total Debt Issued	2.21	32.21	-	-	1.05	-
Short-Term Debt Repaid	-	-	-	-	-	-0.39
Long-Term Debt Repaid	-	-11.19	-11.47	-12.57	-14.12	-
Total Debt Repaid	-41.19	-11.19	-11.47	-12.57	-14.12	-0.39
Net Debt Issued (Repaid)	-38.98	21.02	-11.47	-12.57	-13.07	-0.39
Issuance of Common Stock	7.97	7.97	4.28	270.65	11.15	0.1
Repurchase of Common Stock	-4.28	-4.28	-0.76	-30.91	-	-44.29
Common Dividends Paid	-0.38	-36.92	-	-12	-31.6	-24.16
Other Financing Activities	35.67	-	-	1.5	1.5	-
Financing Cash Flow	0	-12.21	-7.95	216.67	-32.03	-68.75
Foreign Exchange Rate Adjustments	-0.06	-0.2	-0.11	0.03	-0.08	-0.05
Net Cash Flow	64.69	-5.61	-26.09	70.15	-15.54	58.98
Free Cash Flow	23.82	-42.16	-29.22	-12.87	16.09	39.12
Free Cash Flow Growth	-	-	-	-	-58.88%	49.94%
Free Cash Flow Margin	4.24%	-7.20%	-3.90%	-2.95%	4.22%	12.56%
Free Cash Flow Per Share	0.20	-0.35	-0.24	-0.11	0.15	0.37
Cash Interest Paid	0.23	0.23	0.19	0.13	-	-
Cash Income Tax Paid	56.56	63.12	51.61	33.97	27.8	30.28
Levered Free Cash Flow	54.28	-36.52	-40.7	-12.35	28.62	32.47
Unlevered Free Cash Flow	54.87	-35.38	-40.14	-11.91	29.4	32.54
Change in Working Capital	-88.44	-88.44	-123.64	-99.11	-64.44	-9.71

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.