SHE:300710 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	Jan '22 Jan 1, 2022
Net Income	-34.65	-29.29	-199.37	-9.93	-21.51	31.38
Depreciation & Amortization	12.89	12.89	12.91	9.96	12.09	16.05
Other Amortization	1.35	1.35	0.3	0.36	1.09	0.73
Loss (Gain) From Sale of Assets	-0.11	-0.11	0	-0.01	-0.4	-0.01
Asset Writedown & Restructuring Costs	36.01	36.01	220.83	14.55	73.52	2.15
Loss (Gain) From Sale of Investments	-0.73	-0.73	-1.17	1.12	-12.08	-4.86
Other Operating Activities	3.03	6.46	8.23	5.86	12.41	1.86
Change in Accounts Receivable	41.07	41.07	-22.13	-7.17	-81.39	-75.42
Change in Inventory	-3.61	-3.61	15.99	26.58	-2.72	14.21
Change in Accounts Payable	-11.26	-11.26	21.22	-3.9	49.05	72.18
Operating Cash Flow	44.98	53.77	55.81	35.72	21.48	67.39
Operating Cash Flow Growth	7.08%	-3.65%	56.22%	66.28%	-68.12%	-
Capital Expenditures	-5.71	-11.89	-23.94	-58.77	-66.44	-28.83
Sale of Property, Plant & Equipment	0.18	0.18	0.01	0.01	0.26	28.55
Cash Acquisitions	-	-	-	-	-	-20.2
Divestitures	-	-	-	-	5.58	37.99
Sale (Purchase) of Real Estate	-	-	-	-	-1.87	-
Investment in Securities	15.2	21.21	25.74	31.89	-143.16	10.77
Other Investing Activities	4.41	0.74	1.9	2.39	64.97	5.44
Investing Cash Flow	14.09	10.24	3.7	-24.48	-140.67	33.72
Short-Term Debt Issued	-	12.2	77.2	113	95.5	15
Total Debt Issued	11.2	12.2	77.2	113	95.5	15
Short-Term Debt Repaid	-	-51.2	-139	-95.5	-	-98.36
Long-Term Debt Repaid	-	-0.42	-1.25	-0.47	-4.05	-18.76
Total Debt Repaid	-51.62	-51.62	-140.25	-95.97	-4.05	-117.12
Net Debt Issued (Repaid)	-40.42	-39.42	-63.05	17.03	91.45	-102.12
Common Dividends Paid	-0.95	-1.2	-3.27	-3.64	-3.52	-6.79
Other Financing Activities	-	-	-4	-	3.92	-12.96
Financing Cash Flow	-41.37	-40.62	-70.33	13.39	91.85	-121.87
Foreign Exchange Rate Adjustments	-0.47	-0	0.02	0.05	1.59	-0.6
Net Cash Flow	17.24	23.39	-10.8	24.68	-25.75	-21.36
Free Cash Flow	39.28	41.88	31.86	-23.04	-44.96	38.55
Free Cash Flow Growth	49.11%	31.43%	-	-	-	-
Free Cash Flow Margin	15.15%	15.49%	9.20%	-6.43%	-8.47%	5.29%
Free Cash Flow Per Share	0.40	0.42	0.32	-0.23	-0.45	0.39
Cash Income Tax Paid	11.89	12.9	20.44	25.72	7.26	0.21
Levered Free Cash Flow	45.13	40.71	37.27	-49.72	-21.06	88.13
Unlevered Free Cash Flow	45.62	41.44	39.29	-47.43	-18.64	90.44
Change in Working Capital	27.18	27.18	14.08	13.82	-43.65	20.09

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