SHE:300779 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	26.79	42.6	138.51	2.47	11.75	27.02
Depreciation & Amortization	182.63	182.63	139.46	42.92	40.35	38.83
Other Amortization	1.83	1.83	0.24	0.01	-	-
Loss (Gain) From Sale of Assets	-1.59	-1.59	0.07	-0.04	0.2	0.25
Asset Writedown & Restructuring Costs	0.12	0.12	-	-	-	-
Loss (Gain) From Sale of Investments	1.47	1.47	3.42	-1.38	-2.65	-1.79
Provision & Write-off of Bad Debts	4.17	4.17	3.23	5.57	1.78	0.61
Other Operating Activities	-56.68	67.47	59.42	7.36	5	5.38
Change in Accounts Receivable	-146.29	-146.29	6.89	-193.79	-21.36	15.64
Change in Inventory	-182.63	-182.63	-86.79	-21.72	-22.8	-16.05
Change in Accounts Payable	195.28	195.28	5.54	75.49	-137.38	-30.65
Operating Cash Flow	17.74	157.7	262.81	-85.87	-125.3	39.11
Operating Cash Flow Growth	-71.89%	-39.99%	-	-	-	-31.87%
Capital Expenditures	-1,222	-1,054	-541.59	-678.29	-329.21	-108.67
Sale of Property, Plant & Equipment	31.57	-	0.2	-	0.02	0.09
Cash Acquisitions	-63.15	-63.15	-	-	-	-10
Investment in Securities	-60.73	-25	-5	30	-41.8	-15.01
Other Investing Activities	87.6	11.56	11.1	-0.62	-	3.47
Investing Cash Flow	-1,238	-1,131	-535.28	-648.92	-370.99	-130.12
Short-Term Debt Issued	-	-	-	85	-	0.1
Long-Term Debt Issued	-	1,352	741.24	758.3	628.76	33.83
Total Debt Issued	1,882	1,352	741.24	843.3	628.76	33.93
Short-Term Debt Repaid	-	-	-	-85	-	-0.1
Long-Term Debt Repaid	-	-569.77	-468.43	-83.65	-48.02	-52.31
Total Debt Repaid	-795.78	-569.77	-468.43	-168.65	-48.02	-52.41
Net Debt Issued (Repaid)	1,087	782.49	272.81	674.65	580.74	-18.48
Issuance of Common Stock	6.5	5	314.8	-	-	-
Repurchase of Common Stock	-45.53	-45.53	-	-	-	-
Common Dividends Paid	-87.48	-72.44	-49	-34.18	-17.43	-10
Other Financing Activities	162.21	171.55	28.3	1.44	-1.54	-3.98
Financing Cash Flow	1,122	841.08	566.91	641.91	561.77	-32.46
Foreign Exchange Rate Adjustments	1.11	0.1	0.39	0.77	0.02	-0.47
Net Cash Flow	-96.5	-132.07	294.83	-92.11	65.5	-123.93
Free Cash Flow	-1,205	-896.66	-278.77	-764.16	-454.51	-69.56
Free Cash Flow Margin	-103.68%	-78.03%	-26.04%	-210.38%	-159.55%	-21.48%
Free Cash Flow Per Share	-9.79	-6.74	-1.57	-4.42	-3.04	-0.50
Cash Interest Paid	-	-	-	-	-	3.23
Cash Income Tax Paid	12.13	4.63	-69.97	-6.68	8.6	16.92
Levered Free Cash Flow	-1,209	-616.61	-448.03	-560.21	-286.47	-27.72
Unlevered Free Cash Flow	-1,165	-577.55	-418.31	-556.7	-284.21	-25.71
Change in Working Capital	-140.99	-140.99	-81.56	-142.78	-181.74	-31.18

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