SHE:300834 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	Jan '22 Jan 1, 2022
Net Income	52.79	50.23	97.21	80.12	140.02	292.06
Depreciation & Amortization	36.93	36.93	37.55	38.11	17.09	15.86
Other Amortization	1.89	1.89	3.66	2.98	3.51	1.56
Loss (Gain) From Sale of Assets	-0	-0	-	-	0.01	-
Asset Writedown & Restructuring Costs	-2.23	-2.23	-	-	-	-
Loss (Gain) From Sale of Investments	-3.34	-3.34	-8.77	-14.16	-20.39	-0.26
Provision & Write-off of Bad Debts	-	-	-0.03	-0.17	-	-
Other Operating Activities	-43.51	-54.24	-54.21	-44.27	-32.89	0.44
Change in Accounts Receivable	5.27	5.27	30.91	16.44	28.38	-69.58
Change in Inventory	10.72	10.72	-27	-2.75	-38.83	19.91
Change in Accounts Payable	76.31	76.31	-62.72	-92.89	293.38	-16.77
Change in Other Net Operating Assets	1.73	1.73	1.15	0.7	-0.4	-1.68
Operating Cash Flow	136.83	123.54	17.8	-15.8	393.36	241.58
Operating Cash Flow Growth	-	593.88%	-	-	62.83%	1.85%
Capital Expenditures	-0.89	-4.88	-14.71	-40.18	-401.06	-154.3
Sale of Property, Plant & Equipment	-	0.04	-	-	0.03	-
Investment in Securities	-285.37	-296.52	-620.87	-255.51	-1,616	-
Other Investing Activities	27.72	35.82	17.05	31.89	40.63	0.26
Investing Cash Flow	-258.54	-265.54	-618.53	-263.81	-1,977	-154.04
Long-Term Debt Repaid	-	-	-2.26	-2.72	-0.24	-
Net Debt Issued (Repaid)	-	-	-2.26	-2.72	-0.24	-
Issuance of Common Stock	-	-	-	-	2,544	-
Repurchase of Common Stock	-	-	-99.9	-	-	-
Common Dividends Paid	-67.54	-67.12	-45.63	-69.69	-427.09	-
Other Financing Activities	167.46	176.77	512.08	183.92	-43.33	-1.82
Financing Cash Flow	99.92	109.64	364.28	111.51	2,073	-1.82
Foreign Exchange Rate Adjustments	-0.05	-0.02	0	0.01	0	-0
Net Cash Flow	-21.84	-32.38	-236.44	-168.09	489.98	85.71
Free Cash Flow	135.94	118.66	3.09	-55.98	-7.69	87.28
Free Cash Flow Growth	-	3739.03%	-	-	-	-51.89%
Free Cash Flow Margin	11.13%	9.09%	0.18%	-3.56%	-0.41%	4.42%
Free Cash Flow Per Share	0.72	0.64	0.02	-0.29	-0.04	0.60
Cash Income Tax Paid	12.96	16.97	26.34	20.34	27.31	103.88
Levered Free Cash Flow	-650.21	-776.95	-16.25	-95.05	-97.37	-11.2
Unlevered Free Cash Flow	-650.21	-776.95	-11.23	-93.75	-96.77	-10.95
Change in Working Capital	94.31	94.31	-57.6	-78.42	286.01	-68.09

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