SHE:300831 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	24.29	71.32	22.02	54.98	53.38	29.22
Depreciation & Amortization	9.91	9.91	10.15	11.95	12.71	12.26
Other Amortization	0.02	0.02	-	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	-0.01	-
Asset Writedown & Restructuring Costs	29.25	22.1	3.64	2.3	-6.94	13.27
Loss (Gain) From Sale of Investments	-1.6	-4.63	-5.82	-6.72	-5.25	-0.24
Other Operating Activities	101.99	-0.03	0.27	-0.05	0.29	1.09
Change in Accounts Receivable	-64.44	-84.04	58.29	24.25	-48.37	67.87
Change in Inventory	-20.57	-15.48	-28.96	-17.52	-11.29	5.83
Change in Accounts Payable	5.09	4.62	-28.17	29.87	32.62	-2.03
Operating Cash Flow	77.84	1.13	32.23	100.08	29.66	126.89
Operating Cash Flow Growth	-	-96.48%	-67.79%	237.44%	-76.63%	52.66%
Capital Expenditures	-40.92	-11.17	-2.81	-6.37	-33.35	-1.39
Investment in Securities	-29.89	30	-	-30	-170	-
Other Investing Activities	5.66	5.1	5.66	6.46	4.62	0.24
Investing Cash Flow	-65.15	23.94	2.85	-29.91	-198.73	-1.15
Long-Term Debt Repaid	-	-0.24	-0.01	-0.2	-0	-70
Net Debt Issued (Repaid)	-0.24	-0.24	-0.01	-0.2	-0	-70
Issuance of Common Stock	-	-	-	-	-	318.4
Common Dividends Paid	-15.31	-7.25	-9.94	-9.6	-5.44	-12.26
Other Financing Activities	0.15	-0.01	-0.01	-	-	-47.29
Financing Cash Flow	-15.4	-7.51	-9.96	-9.8	-5.44	188.86
Foreign Exchange Rate Adjustments	-0.01	-0.03	-0.14	0.16	-0.04	-0.07
Net Cash Flow	-2.72	17.53	24.99	60.52	-174.55	314.53
Free Cash Flow	36.92	-10.03	29.43	93.71	-3.69	125.5
Free Cash Flow Growth	-	-	-68.60%	-	-	51.88%
Free Cash Flow Margin	26.07%	-4.68%	25.18%	53.31%	-2.07%	103.26%
Free Cash Flow Per Share	0.12	-0.03	0.09	0.29	-0.01	0.43
Cash Income Tax Paid	26.09	34.65	16.4	17.74	19.47	26.3
Levered Free Cash Flow	56.94	-30.75	25.11	71.23	-24.03	83.19
Unlevered Free Cash Flow	56.94	-30.72	25.15	71.29	-23.95	83.8
Change in Working Capital	-82.5	-97.56	1.98	37.62	-24.53	71.29

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