SHE:300670 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	-64.22	7.94	-144.57	-170.15	41.82	63.28
Depreciation & Amortization	81.34	81.34	74.71	58.44	22.51	14.21
Other Amortization	1.08	1.08	1.04	0.84	1.01	1.35
Loss (Gain) From Sale of Assets	-	-	-0	-0.01	0.02	-
Asset Writedown & Restructuring Costs	-0.06	-0.06	47.74	109.37	-	0.02
Loss (Gain) From Sale of Investments	-109.33	-109.33	-12.55	-64.65	-1.44	-1.92
Provision & Write-off of Bad Debts	3.05	3.05	3.65	12.21	-0.55	1.5
Other Operating Activities	163.04	52.96	73.59	75.27	12.87	20.94
Change in Accounts Receivable	16.23	16.23	-24.36	24.75	60.45	69.11
Change in Inventory	12.2	12.2	-3.21	-12.75	-8.56	20.79
Change in Accounts Payable	0.08	0.08	67.02	-12.07	-26.88	-17.47
Operating Cash Flow	58.61	20.7	53.99	-9.65	99.4	170.55
Operating Cash Flow Growth	-	-61.67%	-	-	-41.72%	190.85%
Capital Expenditures	-14.97	-21.33	-138.07	-204.86	-61.81	-71.92
Sale of Property, Plant & Equipment	0.29	0.26	0	0.03	0.02	0
Divestitures	67.45	69.25	-	-	-	-
Investment in Securities	37.58	63.49	11.02	-2.4	-80	-10
Other Investing Activities	-3.03	0.12	6.69	-30.01	2.39	1.61
Investing Cash Flow	87.32	111.8	-120.36	-237.24	-139.39	-80.31
Short-Term Debt Issued	-	15	106.9	27	-	64
Long-Term Debt Issued	-	1,103	585.36	480.3	48	-
Total Debt Issued	512.96	1,118	692.26	507.3	48	64
Short-Term Debt Repaid	-	-15	-106.9	-27	-	-78.39
Long-Term Debt Repaid	-	-1,069	-476.8	-269.95	-92.42	-
Total Debt Repaid	-995.3	-1,084	-583.7	-296.95	-92.42	-78.39
Net Debt Issued (Repaid)	-482.33	33.38	108.56	210.35	-44.42	-14.39
Issuance of Common Stock	-	-	-	0.14	7.51	-
Common Dividends Paid	-37.49	-41.98	-22.7	-6.59	-20.33	-3.69
Other Financing Activities	412.03	-58.55	-	-	-	-2.74
Financing Cash Flow	-107.79	-67.15	85.86	203.91	-57.24	-20.82
Foreign Exchange Rate Adjustments	0.02	0.15	0	-	-	-
Net Cash Flow	38.16	65.49	19.49	-42.98	-97.24	69.42
Free Cash Flow	43.64	-0.63	-84.08	-214.51	37.59	98.63
Free Cash Flow Growth	-	-	-	-	-61.89%	1338.00%
Free Cash Flow Margin	16.67%	-0.19%	-18.99%	-80.25%	7.33%	18.22%
Free Cash Flow Per Share	0.14	-0.00	-0.27	-0.68	0.12	0.31
Cash Income Tax Paid	-	-1.37	29.55	15.28	32.13	30.35
Levered Free Cash Flow	94.41	-58.67	-79.85	-2.03	-4.19	69.53
Unlevered Free Cash Flow	122.13	-29.07	-41.59	18.14	-3.51	71.8
Change in Working Capital	-16.28	-16.28	10.38	-30.97	23.15	71.18

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