SHE:300959 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	21.42	30.46	26.39	50.12	84.9	83.32
Depreciation & Amortization	9.69	9.69	10.63	8.93	6.89	3.06
Other Amortization	1.88	1.88	2.12	3.44	2.08	0.68
Loss (Gain) From Sale of Assets	0.36	0.36	0.14	0	-0.15	-
Asset Writedown & Restructuring Costs	-	-	0	-	-	-
Loss (Gain) From Sale of Investments	-6.81	-6.81	-3.31	-5.73	-5.09	-
Provision & Write-off of Bad Debts	8.78	8.78	4.86	23.42	1.28	10.36
Other Operating Activities	-15.46	13.07	0.07	0.05	0.95	2.57
Change in Accounts Receivable	-12.41	-12.41	-26.55	-199.14	-19.39	-100.32
Change in Inventory	15.2	15.2	-4.76	-16.64	-	-
Change in Accounts Payable	69.23	69.23	-41.97	72.09	-8.26	8.31
Change in Other Net Operating Assets	-	-	3.75	7.66	-	-
Operating Cash Flow	87.63	125.21	-34.08	-62.56	62.41	6.01
Operating Cash Flow Growth	-	-	-	-	938.87%	-
Capital Expenditures	-21.73	-3.16	-6.45	-48.37	-20.53	-7.99
Sale of Property, Plant & Equipment	-0.05	0	0.12	-	1.52	-
Cash Acquisitions	-	-24.81	-	-	-	-
Investment in Securities	59.14	-57.8	-66.06	95	-450	-
Other Investing Activities	6.65	6.42	3.04	5.61	3.25	-
Investing Cash Flow	44	-79.34	-69.35	52.24	-465.76	-7.99
Short-Term Debt Issued	-	97.28	83	59.38	-	75
Total Debt Issued	54.63	97.28	83	59.38	-	75
Short-Term Debt Repaid	-	-129.45	-63	-	-63	-47
Long-Term Debt Repaid	-	-2.3	-4.45	-3.3	-2.23	-
Total Debt Repaid	-89.4	-131.75	-67.45	-3.3	-65.23	-47
Net Debt Issued (Repaid)	-34.77	-34.47	15.55	56.07	-65.23	28
Issuance of Common Stock	-	-	18.21	-	768.8	-
Repurchase of Common Stock	-23.18	-23.18	-	-	-	-
Common Dividends Paid	-27.21	-22.23	-24.59	-26.4	-24.76	-2.5
Other Financing Activities	-14.93	-7.94	-	-	-15.96	-1.87
Financing Cash Flow	-100.09	-87.82	9.17	29.67	662.85	23.63
Foreign Exchange Rate Adjustments	0.02	0.02	-0.01	-0.01	-	-
Net Cash Flow	31.56	-41.93	-94.27	19.35	259.5	21.65
Free Cash Flow	65.91	122.05	-40.53	-110.93	41.88	-1.98
Free Cash Flow Margin	9.13%	10.75%	-2.73%	-5.73%	3.23%	-0.18%
Free Cash Flow Per Share	0.79	1.52	-0.51	-1.39	0.56	-0.03
Cash Income Tax Paid	14.35	9.46	13.23	11.73	23.37	17.3
Levered Free Cash Flow	42.45	26.07	-104.86	-122.73	18.14	-27.43
Unlevered Free Cash Flow	43.01	26.65	-104.38	-122.29	18.73	-25.82
Change in Working Capital	67.78	67.78	-74.98	-142.81	-28.45	-93.98

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