SHE:300830 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	13.83	11.53	12.66	57.21	65.78	67.72
Depreciation & Amortization	6.51	6.51	12.57	9.95	8.38	3.32
Other Amortization	11.31	11.31	0.99	5.18	1.41	1.19
Loss (Gain) From Sale of Assets	-0.04	-0.04	-0.03	1.57	-0	-0.02
Asset Writedown & Restructuring Costs	-	-	-	0.34	27.54	0.19
Loss (Gain) From Sale of Investments	-4.98	-4.98	-3.09	-9.56	-10.76	-8.3
Provision & Write-off of Bad Debts	6.29	6.29	36.2	33.13	-	35.42
Other Operating Activities	61.89	13.04	1.34	-0.52	0.39	-
Change in Accounts Receivable	67.47	67.47	-48.34	-164.9	-52.95	-146.53
Change in Inventory	-1.8	-1.8	-12.63	1.17	-18.47	-10.91
Change in Accounts Payable	-39.01	-39.01	-23.34	33.87	28.95	7.33
Change in Other Net Operating Assets	-	-	-	-12.67	12.67	-0.59
Operating Cash Flow	113.28	62.12	-29.7	-45.2	58.75	-54.8
Operating Cash Flow Growth	124.41%	-	-	-	-	-
Capital Expenditures	-50.86	-124.98	-17.27	-196.5	-13.55	-7.21
Sale of Property, Plant & Equipment	0.06	0.01	0.08	0.05	0.02	0.09
Investment in Securities	-43.5	-150.5	15	293	-42	-280.6
Other Investing Activities	4.77	4.52	3.32	8.22	9.61	7.64
Investing Cash Flow	-89.54	-270.95	1.13	104.77	-45.91	-280.08
Long-Term Debt Issued	-	-	199.21	-	-	-
Long-Term Debt Repaid	-	-1.29	-1.88	-3.71	-3.84	-
Net Debt Issued (Repaid)	-2.62	-1.29	197.33	-3.71	-3.84	-
Issuance of Common Stock	0.15	-	-	-	-	348.26
Common Dividends Paid	-10.94	-10.61	-22.37	-21.45	-9.89	-
Dividends Paid	-10.94	-10.61	-22.37	-21.45	-9.89	-
Other Financing Activities	0.62	-0.57	-1.33	-	0.5	-15.61
Financing Cash Flow	-12.78	-12.47	173.64	-25.16	-13.23	332.65
Net Cash Flow	10.96	-221.3	145.07	34.41	-0.4	-2.23
Free Cash Flow	62.42	-62.86	-46.97	-241.69	45.2	-62.01
Free Cash Flow Margin	15.68%	-14.30%	-9.25%	-38.50%	7.54%	-12.55%
Free Cash Flow Per Share	0.17	-0.16	-0.11	-0.55	0.10	-0.16
Cash Income Tax Paid	9.5	29.17	53.68	35.54	43.9	33.88
Levered Free Cash Flow	7.26	-76.39	-48.09	-262.99	14.02	-72.59
Unlevered Free Cash Flow	12.62	-70.89	-47.45	-262.83	14.23	-72.59
Change in Working Capital	18.45	18.45	-90.32	-142.5	-33.99	-154.31

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