SHE:301270 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	Dec '21 Dec 31, 2021
Net Income	8.81	41.43	55.35	67.9
Depreciation & Amortization	17.83	13.26	12.84	12.62
Other Amortization	0.04	0.06	0.11	0.16
Loss (Gain) From Sale of Assets	0.03	0.01	0.01	-
Asset Writedown & Restructuring Costs	4.83	0.03	0	0.53
Loss (Gain) From Sale of Investments	-8.2	-9.97	-6.05	-3.42
Provision & Write-off of Bad Debts	0.26	0.1	0.09	0.24
Other Operating Activities	-4.41	-4.29	-0.92	-1.17
Change in Accounts Receivable	-3.98	-5.37	1.49	0.13
Change in Inventory	0.22	0.56	1.62	-2.71
Change in Accounts Payable	5.36	24.1	-0.93	9.02
Change in Other Net Operating Assets	4.41	1.64	1.78	1.78
Operating Cash Flow	24.66	59.69	65.06	85.17
Operating Cash Flow Growth	-58.69%	-8.25%	-23.61%	25.92%
Capital Expenditures	-166.96	-81.59	-13.49	-13.27
Sale of Property, Plant & Equipment	0.01	0.02	0	0
Cash Acquisitions	-1	-3.05	-	-
Investment in Securities	247.47	-34.1	-404.83	-146
Other Investing Activities	7.23	11.53	5.47	3.33
Investing Cash Flow	86.76	-107.19	-412.85	-155.94
Long-Term Debt Repaid	-1.92	-3.58	-2.73	-3.33
Total Debt Repaid	-1.92	-3.58	-2.73	-3.33
Net Debt Issued (Repaid)	-1.92	-3.58	-2.73	-3.33
Issuance of Common Stock	-	-	602.27	-
Repurchase of Common Stock	-54.66	-	-	-
Common Dividends Paid	-34.37	-50	-	-
Other Financing Activities	5	-	-18.04	-5.91
Financing Cash Flow	-85.95	-53.58	581.51	-9.23
Foreign Exchange Rate Adjustments	-0	-0	-	-0.01
Net Cash Flow	25.47	-101.08	233.72	-80.01
Free Cash Flow	-142.29	-21.9	51.57	71.9
Free Cash Flow Growth	-	-	-28.27%	32.07%
Free Cash Flow Margin	-74.61%	-10.08%	24.22%	32.72%
Free Cash Flow Per Share	-1.45	-0.22	0.62	0.96
Cash Income Tax Paid	13.31	16.83	23.36	20.22
Levered Free Cash Flow	-1.86	-58.39	34.24	48.41
Unlevered Free Cash Flow	-1.8	-58.34	34.37	48.6
Change in Working Capital	5.46	19.05	3.62	8.31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.