SHE:300707 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	23.58	20.86	20.32	57.69	48.77	31.78
Depreciation & Amortization	59.49	59.49	57.55	42.44	35.64	31.96
Other Amortization	9.36	9.36	6.79	7.48	6.27	1.97
Loss (Gain) From Sale of Assets	-0.18	-0.18	0.81	0.8	-0.06	-0.11
Asset Writedown & Restructuring Costs	15.19	15.19	19.18	13.42	2.21	8.93
Loss (Gain) From Sale of Investments	2.97	2.97	6.61	11.09	-0.04	-0.18
Other Operating Activities	109.18	25.37	19.1	-11.85	5.86	5.27
Change in Accounts Receivable	27.87	27.87	-1.24	-29.1	-71.78	-49.68
Change in Inventory	-45.31	-45.31	-68.71	6.6	-17.25	25.66
Change in Accounts Payable	-12.44	-12.44	125.28	-13.24	-13.87	-22.68
Change in Other Net Operating Assets	0.07	0.07	-9.22	-0.82	3.7	4.75
Operating Cash Flow	183.08	96.55	172.18	84.13	-0.98	35.08
Operating Cash Flow Growth	50.39%	-43.92%	104.66%	-	-	-39.50%
Capital Expenditures	-123.13	-139.94	-68.09	-112.27	-114.36	-72.92
Sale of Property, Plant & Equipment	8.44	0.46	0.04	23.63	0.16	0.6
Cash Acquisitions	-	-	-33.83	-	-	-
Investment in Securities	-28.02	-4.41	-3.39	-30.21	-32.26	-
Other Investing Activities	-0.63	-6.54	0.84	0.23	3.56	0.73
Investing Cash Flow	-143.33	-150.43	-104.43	-118.63	-142.9	-71.59
Long-Term Debt Issued	-	30	110.2	170	56.46	341.38
Long-Term Debt Repaid	-	-110.31	-171.5	-87.16	-49.8	-40
Net Debt Issued (Repaid)	-50.24	-80.31	-61.3	82.84	6.66	301.38
Issuance of Common Stock	-	9.44	351.65	-	-	4.61
Repurchase of Common Stock	-41.32	-39.98	-0.23	-	-0.37	-
Common Dividends Paid	-11.41	-16	-18.42	-19.01	-6.73	-8
Other Financing Activities	38.43	1.79	-1.26	-2.45	-	-4.94
Financing Cash Flow	-64.54	-125.07	270.44	61.37	-0.44	293.05
Foreign Exchange Rate Adjustments	-1.4	-4.82	2.3	39.41	-4.24	-3.29
Net Cash Flow	-26.19	-183.76	340.49	66.29	-148.56	253.24
Free Cash Flow	59.95	-43.39	104.09	-28.14	-115.35	-37.84
Free Cash Flow Growth	1999.71%	-	-	-	-	-
Free Cash Flow Margin	7.55%	-5.01%	12.71%	-3.42%	-15.99%	-6.82%
Free Cash Flow Per Share	0.34	-0.25	0.54	-0.16	-0.67	-0.24
Cash Income Tax Paid	10.59	5.74	9.89	-2.55	-4.16	1.13
Levered Free Cash Flow	39.96	-81.6	38.84	-25.32	-138.46	-33.92
Unlevered Free Cash Flow	54.25	-67.02	54.88	-18.37	-136.99	-32.44
Change in Working Capital	-36.51	-36.51	41.83	-36.94	-99.63	-44.55

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