SHE:301270 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	12.79	8.81	41.43	55.35	67.9	51.13
Depreciation & Amortization	17.83	17.83	13.26	12.84	12.62	10.55
Other Amortization	0.04	0.04	0.06	0.11	0.16	0.14
Loss (Gain) From Sale of Assets	0.03	0.03	0.01	0.01	-	-0
Asset Writedown & Restructuring Costs	4.83	4.83	0.03	0	0.53	0.55
Loss (Gain) From Sale of Investments	-8.2	-8.2	-9.97	-6.05	-3.42	-1.5
Provision & Write-off of Bad Debts	0.26	0.26	0.1	0.09	0.24	0.19
Other Operating Activities	1.77	-4.41	-4.29	-0.92	-1.17	0.01
Change in Accounts Receivable	-3.98	-3.98	-5.37	1.49	0.13	-0.48
Change in Inventory	0.22	0.22	0.56	1.62	-2.71	-0.63
Change in Accounts Payable	5.36	5.36	24.1	-0.93	9.02	2.43
Change in Other Net Operating Assets	4.41	4.41	1.64	1.78	1.78	4.71
Operating Cash Flow	34.82	24.66	59.69	65.06	85.17	67.64
Operating Cash Flow Growth	-36.13%	-58.69%	-8.25%	-23.61%	25.92%	-8.34%
Capital Expenditures	-14.29	-166.96	-81.59	-13.49	-13.27	-13.2
Sale of Property, Plant & Equipment	0.04	0.01	0.02	0	0	0.01
Cash Acquisitions	-	-1	-3.05	-	-	-
Investment in Securities	250.82	247.47	-34.1	-404.83	-146	11
Other Investing Activities	-118.23	7.23	11.53	5.47	3.33	1.33
Investing Cash Flow	118.34	86.76	-107.19	-412.85	-155.94	-0.86
Long-Term Debt Repaid	-	-1.92	-3.58	-2.73	-3.33	-
Total Debt Repaid	-1.92	-1.92	-3.58	-2.73	-3.33	-
Net Debt Issued (Repaid)	-1.92	-1.92	-3.58	-2.73	-3.33	-
Issuance of Common Stock	-	-	-	602.27	-	-
Repurchase of Common Stock	-54.66	-54.66	-	-	-	-
Common Dividends Paid	-10	-34.37	-50	-	-	-10
Other Financing Activities	60.14	5	-	-18.04	-5.91	-1.05
Financing Cash Flow	-6.44	-85.95	-53.58	581.51	-9.23	-11.05
Foreign Exchange Rate Adjustments	-0	-0	-0	-	-0.01	0
Net Cash Flow	146.72	25.47	-101.08	233.72	-80.01	55.73
Free Cash Flow	20.53	-142.29	-21.9	51.57	71.9	54.44
Free Cash Flow Growth	-	-	-	-28.27%	32.07%	-3.10%
Free Cash Flow Margin	10.68%	-74.61%	-10.08%	24.22%	32.72%	27.57%
Free Cash Flow Per Share	0.21	-1.45	-0.22	0.62	0.96	0.73
Cash Income Tax Paid	17.3	13.31	16.83	23.36	20.22	17.48
Levered Free Cash Flow	37.84	-1.86	-58.39	34.24	48.41	36.11
Unlevered Free Cash Flow	37.86	-1.8	-58.34	34.37	48.6	36.11
Change in Working Capital	5.46	5.46	19.05	3.62	8.31	6.57

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