SHE:300885 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	68.11	71.23	46.18	57.2	84.38	62.63
Depreciation & Amortization	17.84	17.84	15.81	14.09	11.57	10.25
Other Amortization	0.1	0.1	-	-	-	0.05
Loss (Gain) From Sale of Assets	0.01	0.01	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	2.94	3.2	2.04
Loss (Gain) From Sale of Investments	-8.29	-8.29	-10.27	-1.56	-9.01	-3.41
Provision & Write-off of Bad Debts	1.19	1.19	1.7	-	-	-
Other Operating Activities	-5.85	-0.34	-0.51	-7.24	3.99	3.39
Change in Accounts Receivable	1.14	1.14	-45.97	26.62	-8.16	-33.68
Change in Inventory	-8.21	-8.21	11.33	11.27	-28.56	-3.22
Change in Accounts Payable	5.31	5.31	17.16	-8.98	21.97	9.16
Operating Cash Flow	70.92	79.55	35.5	93.5	79.05	46.99
Operating Cash Flow Growth	-10.01%	124.12%	-62.04%	18.28%	68.24%	-36.83%
Capital Expenditures	-7.08	-9.01	-17.79	-64.66	-45.52	-23.5
Sale of Property, Plant & Equipment	0	0	-	-	-	0
Investment in Securities	-50.11	-73	-30	-20	77	-177
Other Investing Activities	4.27	7.49	8.16	3.33	8.76	2.09
Investing Cash Flow	-52.92	-74.52	-39.63	-81.33	40.24	-198.42
Issuance of Common Stock	-	-	-	-	-	351.14
Repurchase of Common Stock	-20.01	-20.01	-	-	-	-
Common Dividends Paid	-31.01	-21.07	-	-	-60	-
Other Financing Activities	16.03	1.63	-	-	-	-7.36
Financing Cash Flow	-34.99	-39.45	-	-	-60	343.79
Foreign Exchange Rate Adjustments	0.64	1.18	-0.62	7.24	-3.99	-3.39
Net Cash Flow	-16.34	-33.25	-4.75	19.42	55.31	188.97
Free Cash Flow	63.84	70.54	17.71	28.85	33.53	23.48
Free Cash Flow Growth	-6.96%	298.31%	-38.61%	-13.98%	42.79%	-57.92%
Free Cash Flow Margin	22.57%	23.72%	7.88%	13.11%	10.66%	10.85%
Free Cash Flow Per Share	0.26	0.28	0.07	0.12	0.13	0.12
Cash Income Tax Paid	9.9	-0.83	8.27	-5.15	1.98	5.57
Levered Free Cash Flow	43.71	46.82	-7.3	-1.05	5.45	-3.89
Unlevered Free Cash Flow	43.71	46.82	-7.3	-1.05	5.45	-3.89
Change in Working Capital	-2.18	-2.18	-17.41	28.08	-15.06	-27.95

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