SHE:300983 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	-194.36	-220.29	7.87	20.81	304	292.29
Depreciation & Amortization	24.94	24.94	25.96	19.81	20.98	7.45
Other Amortization	2.05	2.05	2.86	35.37	13.53	10.23
Loss (Gain) From Sale of Assets	4.7	4.7	2.36	-1.39	-0.3	-0
Asset Writedown & Restructuring Costs	101.43	101.43	6.17	1.43	0.04	0
Loss (Gain) From Sale of Investments	-16.69	-16.69	-26.35	10.7	-	-
Provision & Write-off of Bad Debts	145.16	145.16	126.13	121.69	53.94	20.03
Other Operating Activities	63.1	0.03	-0.57	-4.46	9.32	1.96
Change in Accounts Receivable	1.46	1.46	-56.59	18.15	-253.72	-158.64
Change in Accounts Payable	-1	-1	42.9	-161.47	-37.38	-12.95
Change in Other Net Operating Assets	-	-	-0	-	-	-
Operating Cash Flow	133.1	44.11	115.11	56.29	101.72	157.75
Operating Cash Flow Growth	102.20%	-61.68%	104.47%	-44.66%	-35.52%	-19.40%
Capital Expenditures	-54.92	-77.45	-36.61	-678.78	-279.89	-3.48
Sale of Property, Plant & Equipment	32.02	14.02	9.29	0.08	0.34	0
Cash Acquisitions	-	-	0.92	-	-	-
Investment in Securities	-151.1	-279.45	-4.44	-	-	-
Other Investing Activities	2.86	-	-	-	-	-
Investing Cash Flow	-171.13	-342.88	-30.84	-678.7	-279.55	-3.48
Short-Term Debt Issued	-	3,176	-	-	-	-
Total Debt Issued	9,359	3,176	-	-	-	-
Short-Term Debt Repaid	-	-3,176	-	-	-	-
Long-Term Debt Repaid	-	-7.65	-8.12	-17.04	-17.84	-
Total Debt Repaid	-9,366	-3,184	-8.12	-17.04	-17.84	-
Net Debt Issued (Repaid)	-7.65	-7.65	-8.12	-17.04	-17.84	-
Issuance of Common Stock	-	-	-	-	2,288	-
Common Dividends Paid	-1.08	-7.92	-19.2	-108	-96	-60
Dividends Paid	-1.08	-7.92	-19.2	-108	-96	-60
Other Financing Activities	1.51	-	0.49	1.23	-18.41	-2.49
Financing Cash Flow	-7.22	-15.57	-26.83	-123.82	2,156	-62.49
Net Cash Flow	-45.24	-314.35	57.44	-746.23	1,978	91.79
Free Cash Flow	78.18	-33.35	78.49	-622.49	-178.16	154.27
Free Cash Flow Growth	-	-	-	-	-	-3.90%
Free Cash Flow Margin	44.74%	-15.58%	20.69%	-122.50%	-18.65%	16.67%
Free Cash Flow Per Share	0.45	-0.19	0.45	-3.60	-1.12	1.19
Cash Income Tax Paid	-	20.07	19.4	90.33	84.39	92.72
Levered Free Cash Flow	-1,079	10.19	33.65	-623.29	-298.59	58.34
Unlevered Free Cash Flow	-1,077	11.23	34.79	-621.38	-296.16	58.34
Change in Working Capital	2.77	2.77	-29.31	-147.65	-299.78	-174.2

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