SHE:300753 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	-10.76	-24.02	10.8	8.28	-75.98	54.06
Depreciation & Amortization	19.48	19.48	21.02	18.43	19.59	15.44
Other Amortization	5.9	5.9	4.91	5	3.37	1.61
Loss (Gain) From Sale of Assets	-0.12	-0.12	-3.59	-0.01	0.02	-
Asset Writedown & Restructuring Costs	0.03	0.03	0	0	16.18	0
Loss (Gain) From Sale of Investments	-1.74	-1.74	1.04	1.09	-1.5	-0.42
Provision & Write-off of Bad Debts	-2.52	-2.52	6.21	7.93	1.13	6.83
Other Operating Activities	3.15	2.9	3.37	3.47	2.4	-0.16
Change in Accounts Receivable	7.02	7.02	-20.37	-56.04	9.1	-47.62
Change in Inventory	3.5	3.5	-7.23	5.09	6.32	-33.63
Change in Accounts Payable	-8.48	-8.48	-6.43	-18.32	28.38	11.14
Change in Other Net Operating Assets	-	-	-	-	-17.66	17.66
Operating Cash Flow	15.84	2.33	15.68	-23.34	-24.59	18.29
Operating Cash Flow Growth	-61.88%	-85.12%	-	-	-	-78.06%
Capital Expenditures	-8.29	-8.43	-10.23	-30.73	-24.17	-39.6
Sale of Property, Plant & Equipment	0.26	0.2	6.6	0.06	0.03	0.13
Cash Acquisitions	-11.44	-11.44	0.3	-	-	-37.3
Investment in Securities	-62.16	-41.16	-4.64	4.48	-3	-22.5
Other Investing Activities	90.88	-	-	-	2.31	2.54
Investing Cash Flow	9.24	-60.84	-7.97	-26.19	-24.83	-96.73
Short-Term Debt Issued	-	93.6	48.4	49.1	29.4	-
Total Debt Issued	73.7	93.6	48.4	49.1	29.4	-
Short-Term Debt Repaid	-	-58.4	-39.2	-39.3	-	-
Long-Term Debt Repaid	-	-9.45	-6.61	-6.8	-4.85	-3.96
Total Debt Repaid	-77.25	-67.85	-45.81	-46.1	-4.85	-3.96
Net Debt Issued (Repaid)	-3.55	25.75	2.59	3	24.55	-3.96
Common Dividends Paid	-10.18	-10.13	-9.65	-1.33	-0.63	-31.51
Other Financing Activities	0.53	0.87	0.09	-	-	-0.37
Financing Cash Flow	-13.2	16.49	-6.97	1.67	23.92	-35.85
Net Cash Flow	11.88	-42.02	0.74	-47.86	-25.51	-114.3
Free Cash Flow	7.55	-6.1	5.45	-54.07	-48.76	-21.31
Free Cash Flow Growth	-76.95%	-	-	-	-	-
Free Cash Flow Margin	2.18%	-1.78%	1.35%	-12.81%	-15.06%	-4.62%
Free Cash Flow Per Share	0.06	-0.05	0.04	-0.43	-0.39	-0.17
Cash Income Tax Paid	20.82	25.26	28.67	22.53	20.69	44.37
Levered Free Cash Flow	18.93	5.99	-3.55	-74.35	-20.74	-59
Unlevered Free Cash Flow	20.91	8.03	-1.63	-72.45	-19.19	-58.3
Change in Working Capital	2.42	2.42	-28.08	-67.53	10.2	-59.09

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