SHE:300868 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	-28.13	7.07	-91.62	-115.53	28.22	106.37
Depreciation & Amortization	47.24	47.24	41.42	44.88	30.94	13.14
Other Amortization	10.67	10.67	7.04	6.3	2.99	1.88
Loss (Gain) From Sale of Assets	-0.8	-0.8	-0.59	0.49	-0.03	0.07
Asset Writedown & Restructuring Costs	0.43	0.43	2.15	1.46	0.32	0.16
Loss (Gain) From Sale of Investments	-34.94	-34.94	-40.12	-49.01	-39.97	-12
Provision & Write-off of Bad Debts	-	-	-	66.91	0.7	3.47
Other Operating Activities	-35.82	17.54	28.31	44.77	14.85	6.42
Change in Accounts Receivable	25.91	25.91	-45.56	-6.92	7.23	-26.97
Change in Inventory	12.92	12.92	-23.02	-7.32	-26.04	-15.62
Change in Accounts Payable	-19.14	-19.14	27.23	-73.49	-1.61	25.57
Change in Other Net Operating Assets	-0.03	-0.03	31.49	-	-	-
Operating Cash Flow	-21.49	67.08	-62.09	-103.52	17.9	99
Operating Cash Flow Growth	-	-	-	-	-81.92%	-39.25%
Capital Expenditures	-29.33	-34.54	-31.45	-42.85	-127.34	-67.17
Sale of Property, Plant & Equipment	3.19	0.34	3.97	3.17	0.01	0.06
Investment in Securities	184.48	184.48	77.25	171.02	-1,365	-30
Other Investing Activities	-118.89	37.15	43.48	50.04	18.42	11.94
Investing Cash Flow	39.45	187.42	93.24	181.38	-1,473	-85.18
Long-Term Debt Issued	-	195.1	140.22	245.24	169.32	44.26
Long-Term Debt Repaid	-	-181.08	-172.14	-281.52	-27.48	-3.08
Net Debt Issued (Repaid)	71.4	14.03	-31.92	-36.28	141.84	41.18
Issuance of Common Stock	3.16	15.39	-	-	-	1,320
Repurchase of Common Stock	-14.29	-14.29	-	-36.61	-11.77	-
Common Dividends Paid	-8.8	-2.4	-3.58	-8.73	-54.73	-2.43
Other Financing Activities	-1.78	-9.94	0.9	4	-	-130.89
Financing Cash Flow	49.7	2.79	-34.6	-77.62	75.35	1,228
Foreign Exchange Rate Adjustments	-0.56	0.15	0.23	1.73	-2.68	-4.85
Net Cash Flow	67.09	257.44	-3.21	1.97	-1,383	1,237
Free Cash Flow	-50.82	32.53	-93.54	-146.37	-109.44	31.83
Free Cash Flow Growth	-	-	-	-	-	-75.14%
Free Cash Flow Margin	-7.89%	4.27%	-13.83%	-20.35%	-15.31%	3.72%
Free Cash Flow Per Share	-0.41	0.26	-0.74	-1.16	-0.85	0.30
Cash Income Tax Paid	20.82	15.01	2.63	-24.38	-1.2	7.08
Levered Free Cash Flow	-220.25	40.05	-20.37	-97.51	-119.31	16.5
Unlevered Free Cash Flow	-217.22	42.84	-17.48	-92.38	-116.37	16.5
Change in Working Capital	19.87	19.87	-8.67	-103.79	-20.12	-20.5

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