SHE:301173 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	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	139.95	170.8	159.65	71.37	42.83	73.44
Depreciation & Amortization	64	64	64.19	53.74	41.15	29.78
Other Amortization	54.07	54.07	57.16	51.74	41.69	23.77
Loss (Gain) From Sale of Assets	-0.51	-0.51	0.12	-0.08	0.02	0.76
Asset Writedown & Restructuring Costs	5.67	5.67	1.22	0.42	0.23	3.93
Loss (Gain) From Sale of Investments	-3.94	-3.94	-0.22	-0.26	0.25	0.67
Provision & Write-off of Bad Debts	22.1	22.1	5.72	7.93	3	13.23
Other Operating Activities	8.44	29.15	14.7	15.35	9.61	10.13
Change in Accounts Receivable	527.09	527.09	-424.08	-285.36	-212.37	-336.97
Change in Inventory	-11.54	-11.54	-61.2	34.55	-60.67	14.35
Change in Accounts Payable	-765.32	-765.32	463.83	190.09	290.6	150.03
Change in Other Net Operating Assets	5.79	5.79	4.99	2.74	0.09	-
Operating Cash Flow	37	88.57	281.74	140.34	154.18	-18.19
Operating Cash Flow Growth	-89.94%	-68.56%	100.76%	-8.98%	-	-
Capital Expenditures	-119.22	-113.84	-117.87	-45.61	-60.56	-70.93
Sale of Property, Plant & Equipment	0.63	0.63	1.71	0.97	2.83	1.39
Investment in Securities	-107.06	-107.06	-29.78	-28.11	-	-
Other Investing Activities	-151.48	-	-	-	-	-8.51
Investing Cash Flow	-377.13	-220.27	-145.95	-72.75	-57.73	-78.04
Long-Term Debt Issued	-	82.35	230.06	285	312	337
Long-Term Debt Repaid	-	-56.52	-409.39	-359.26	-281.57	-227
Net Debt Issued (Repaid)	-30.9	25.83	-179.33	-74.26	30.43	110
Issuance of Common Stock	578.54	-	-	120	42.4	-
Common Dividends Paid	-3.53	-3.2	-7.09	-13.61	-59.74	-21.14
Other Financing Activities	39.99	27.75	-3.02	-33.12	24.35	6.2
Financing Cash Flow	584.11	50.37	-189.44	-0.99	37.44	95.06
Net Cash Flow	243.98	-81.33	-53.65	66.6	133.89	-1.17
Free Cash Flow	-82.22	-25.28	163.86	94.73	93.62	-89.11
Free Cash Flow Growth	-	-	72.99%	1.18%	-	-
Free Cash Flow Margin	-3.48%	-1.05%	6.58%	4.69%	5.53%	-6.77%
Free Cash Flow Per Share	-1.25	-0.38	2.49	1.57	1.67	-
Cash Income Tax Paid	134.8	126.4	146.46	62.55	44.15	17.83
Levered Free Cash Flow	-	-134.9	203.28	26.96	231.49	-
Unlevered Free Cash Flow	-	-134.13	206.71	34.7	238.64	-
Change in Net Working Capital	-	280.93	-67.6	96.57	-176.52	-

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