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 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	Dec '21 Dec 31, 2021
Net Income	59.06	44.14	71.32	22.02	54.98	53.38
Depreciation & Amortization	9.64	9.64	9.91	10.15	11.95	12.71
Other Amortization	-	-	0.02	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	-	-0.01
Asset Writedown & Restructuring Costs	26.04	26.04	22.1	3.64	2.3	-6.94
Loss (Gain) From Sale of Investments	-1.35	-1.35	-4.63	-5.82	-6.72	-5.25
Other Operating Activities	-55.85	0.42	-0.03	0.27	-0.05	0.29
Change in Accounts Receivable	12.58	12.58	-84.04	58.29	24.25	-48.37
Change in Inventory	-7.04	-7.04	-15.48	-28.96	-17.52	-11.29
Change in Accounts Payable	-4.18	-4.18	4.62	-28.17	29.87	32.62
Operating Cash Flow	35.54	76.89	1.13	32.23	100.08	29.66
Operating Cash Flow Growth	13.25%	6676.06%	-96.48%	-67.79%	237.44%	-76.63%
Capital Expenditures	-78.91	-68.3	-11.17	-2.81	-6.37	-33.35
Sale of Property, Plant & Equipment	0.15	0.15	-	-	-	-
Investment in Securities	10	-80	30	-	-30	-170
Other Investing Activities	5.98	5.85	5.1	5.66	6.46	4.62
Investing Cash Flow	-62.77	-142.3	23.94	2.85	-29.91	-198.73
Long-Term Debt Repaid	-	-	-0.24	-0.01	-0.2	-0
Net Debt Issued (Repaid)	-	-	-0.24	-0.01	-0.2	-0
Common Dividends Paid	-14.62	-14.62	-7.25	-9.94	-9.6	-5.44
Other Financing Activities	-0.08	-0.08	-0.01	-0.01	-	-
Financing Cash Flow	-14.7	-14.7	-7.51	-9.96	-9.8	-5.44
Foreign Exchange Rate Adjustments	-0.04	-0.04	-0.03	-0.14	0.16	-0.04
Net Cash Flow	-41.97	-80.15	17.53	24.99	60.52	-174.55
Free Cash Flow	-43.36	8.59	-10.03	29.43	93.71	-3.69
Free Cash Flow Growth	-	-	-	-68.60%	-	-
Free Cash Flow Margin	-19.31%	4.58%	-4.68%	25.18%	53.31%	-2.07%
Free Cash Flow Per Share	-0.14	0.03	-0.03	0.09	0.29	-0.01
Cash Income Tax Paid	31.48	28.84	34.65	16.4	17.74	19.47
Levered Free Cash Flow	-20.53	34.98	-30.75	25.11	71.23	-24.03
Unlevered Free Cash Flow	-20.53	34.98	-30.72	25.15	71.29	-23.95
Change in Working Capital	-2	-2	-97.56	1.98	37.62	-24.53

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