SHE:300778 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-52.41	-164.67	-52.36	61	81.86	100.8
Depreciation & Amortization	13.32	13.32	14.72	10.28	9.27	8.12
Other Amortization	5.29	5.29	3.22	3.83	2.35	1.64
Loss (Gain) From Sale of Assets	-0.02	-0.02	-0.38	0	0.01	0.3
Asset Writedown & Restructuring Costs	-	-	-	-	1.61	0
Loss (Gain) From Sale of Investments	106.92	106.92	81.97	-13.37	-15.43	-19.31
Provision & Write-off of Bad Debts	78.92	78.92	64.17	42.78	33.65	17.76
Other Operating Activities	-111.71	0.26	11.49	19.92	1.31	2.55
Change in Accounts Receivable	17.34	17.34	-47.92	-155.82	-63.66	-46.93
Change in Accounts Payable	-44.14	-44.14	-58.26	74.41	-70.82	3
Change in Other Net Operating Assets	-4.87	-4.87	1.58	12.87	-1.13	-
Operating Cash Flow	9.44	9.15	0.17	40.37	-22.79	66.79
Operating Cash Flow Growth	-65.99%	5150.80%	-99.57%	-	-	-29.53%
Capital Expenditures	-6.8	-6.74	-96.5	-40.72	-16.36	-12.77
Sale of Property, Plant & Equipment	-0.09	0.05	0.18	0.02	0.01	0.24
Investment in Securities	138	-206.61	204.76	-226.56	318.73	-192.87
Other Investing Activities	16.54	9.13	7.28	12.78	-	-
Investing Cash Flow	147.66	-204.18	115.72	-254.48	302.37	-205.4
Short-Term Debt Issued	-	-	-	-	-	120.24
Long-Term Debt Issued	-	6.5	-	452.64	-	-
Total Debt Issued	59.4	6.5	-	452.64	-	120.24
Short-Term Debt Repaid	-	-	-	-	-	-60
Long-Term Debt Repaid	-	-1.36	-9.74	-2.41	-60.37	-
Total Debt Repaid	-42.76	-1.36	-9.74	-2.41	-60.37	-60
Net Debt Issued (Repaid)	16.64	5.14	-9.74	450.23	-60.37	60.24
Issuance of Common Stock	-	-	7.97	10.85	-	-
Common Dividends Paid	-0.05	-0.01	-45.65	-24.81	-42.46	-42.7
Other Financing Activities	-34.46	-3.32	-1.27	-0.92	-	-0.2
Financing Cash Flow	-17.86	1.82	-48.7	435.35	-102.82	17.34
Net Cash Flow	139.24	-193.22	67.2	221.25	176.76	-121.27
Free Cash Flow	2.65	2.41	-96.32	-0.35	-39.16	54.01
Free Cash Flow Growth	-86.61%	-	-	-	-	-40.27%
Free Cash Flow Margin	1.92%	1.21%	-32.95%	-0.07%	-9.77%	13.00%
Free Cash Flow Per Share	0.01	0.01	-0.51	-0.00	-0.23	0.31
Cash Income Tax Paid	15.27	15.95	32.24	30.86	35.89	42.71
Levered Free Cash Flow	38.66	14.38	-144.67	-30.13	-66.68	27.41
Unlevered Free Cash Flow	38.86	14.5	-137.59	-17.25	-65.1	29.09
Change in Working Capital	-30.87	-30.87	-122.66	-84.08	-137.42	-45.08

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