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 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	61.69	55.22	71.23	46.18	57.2	84.38
Depreciation & Amortization	18.06	18.06	17.94	15.81	14.09	11.57
Other Amortization	0.11	0.11	-	-	-	-
Loss (Gain) From Sale of Assets	-	-	0.01	-	-	-
Asset Writedown & Restructuring Costs	0.01	0.01	-	-	2.94	3.2
Loss (Gain) From Sale of Investments	-6.05	-6.05	-8.29	-10.27	-1.56	-9.01
Provision & Write-off of Bad Debts	-0.63	-0.63	1.19	1.7	-	-
Other Operating Activities	-3.56	2.95	-0.34	-0.51	-7.24	3.99
Change in Accounts Receivable	-12.3	-12.3	1.14	-45.97	26.62	-8.16
Change in Inventory	-8.59	-8.59	-8.21	11.33	11.27	-28.56
Change in Accounts Payable	1.69	1.69	5.31	17.16	-8.98	21.97
Operating Cash Flow	49.92	49.97	79.55	35.5	93.5	79.05
Operating Cash Flow Growth	-50.00%	-37.19%	124.12%	-62.04%	18.28%	68.24%
Capital Expenditures	-19.46	-6.65	-9.01	-17.79	-64.66	-45.52
Sale of Property, Plant & Equipment	-	-	0	-	-	-
Cash Acquisitions	-127.25	-127.25	-	-	-	-
Investment in Securities	139.49	143	-73	-30	-20	77
Other Investing Activities	7.84	8.18	7.49	8.16	3.33	8.76
Investing Cash Flow	0.63	17.27	-74.52	-39.63	-81.33	40.24
Repurchase of Common Stock	-	-	-20.01	-	-	-
Common Dividends Paid	-30	-30	-20.06	-	-	-60
Other Financing Activities	-0.12	-0.51	0.62	-	-	-
Financing Cash Flow	-30.12	-30.51	-39.45	-	-	-60
Foreign Exchange Rate Adjustments	-4.98	-0.1	1.18	-0.62	7.24	-3.99
Net Cash Flow	15.44	36.63	-33.25	-4.75	19.42	55.31
Free Cash Flow	30.46	43.32	70.54	17.71	28.85	33.53
Free Cash Flow Growth	-67.08%	-38.59%	298.31%	-38.61%	-13.98%	42.79%
Free Cash Flow Margin	8.63%	16.22%	23.72%	7.88%	13.11%	10.66%
Free Cash Flow Per Share	0.12	0.17	0.28	0.07	0.12	0.13
Cash Income Tax Paid	12.26	6.15	-0.83	8.27	-5.15	1.98
Levered Free Cash Flow	73.32	94.21	46.82	-7.3	-1.05	5.45
Unlevered Free Cash Flow	73.32	94.21	46.82	-7.3	-1.05	5.45
Change in Working Capital	-19.69	-19.69	-2.18	-17.41	28.08	-15.06

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