SHE:300979 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	3,840	3,200	3,228	2,768
Depreciation & Amortization	677.73	720.62	616.36	485.39
Other Amortization	192.37	156.4	125.83	85.95
Loss (Gain) From Sale of Assets	-1.25	-0.01	0.45	1.75
Asset Writedown & Restructuring Costs	11.02	16.07	10.54	17.08
Loss (Gain) From Sale of Investments	-88.21	-46.03	-92.32	-25.12
Provision & Write-off of Bad Debts	5.89	3.59	4.56	7.29
Other Operating Activities	26.03	74.55	54.25	161.18
Change in Accounts Receivable	-678.06	-362	-248.71	-999.91
Change in Inventory	-454.64	-187.2	174.49	-715.64
Change in Accounts Payable	1,129	99.49	-342.99	601.57
Operating Cash Flow	4,617	3,694	3,503	2,423
Operating Cash Flow Growth	24.98%	5.45%	44.59%	-18.64%
Capital Expenditures	-1,700	-1,155	-1,685	-1,277
Sale of Property, Plant & Equipment	36.61	3.01	16.1	7.79
Cash Acquisitions	-43.99	-131.42	-147.08	-
Investment in Securities	-625.77	-651.41	-329.38	-3,127
Other Investing Activities	168.24	114.15	120.3	46.83
Investing Cash Flow	-2,165	-1,821	-2,025	-4,350
Short-Term Debt Issued	2,455	8,709	4,312	2,651
Total Debt Issued	2,455	8,709	4,312	2,651
Short-Term Debt Repaid	-2,907	-8,670	-5,638	-2,234
Long-Term Debt Repaid	-65.77	-67.78	-52.14	-46.71
Total Debt Repaid	-2,972	-8,738	-5,690	-2,280
Net Debt Issued (Repaid)	-517.04	-28.9	-1,378	370.95
Issuance of Common Stock	-	-	-	3,701
Common Dividends Paid	-1,427	-1,463	-1,345	-1,197
Other Financing Activities	7.02	-470.34	-	-70.16
Financing Cash Flow	-1,937	-1,963	-2,723	2,805
Foreign Exchange Rate Adjustments	34.57	26.38	188.1	-44.74
Net Cash Flow	549.26	-62.84	-1,057	833.95
Free Cash Flow	2,917	2,539	1,818	1,146
Free Cash Flow Growth	14.87%	39.66%	58.61%	-51.35%
Free Cash Flow Margin	12.15%	12.62%	8.84%	6.56%
Free Cash Flow Per Share	2.50	2.17	1.56	1.01
Cash Income Tax Paid	672.9	679.77	695.43	857.85
Levered Free Cash Flow	2,231	1,488	1,023	707.76
Unlevered Free Cash Flow	2,257	1,532	1,065	731.06
Change in Working Capital	-46.86	-431.01	-444.33	-1,078

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