SHE:301272 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	39.56	74.17	87.39	70.37	48.69	49.12
Depreciation & Amortization	19.53	19.53	14.5	9.75	8.86	6.15
Other Amortization	1.5	1.5	0.21	0.85	1.04	1.58
Loss (Gain) From Sale of Assets	-0.02	-0.02	-	-	-	-
Asset Writedown & Restructuring Costs	1.48	1.48	1.22	1.52	1.2	1.22
Loss (Gain) From Sale of Investments	-13.04	-13.04	-5.89	-1.88	-3.24	-0.79
Other Operating Activities	11.22	-1.01	0.3	-3.33	1.67	2.27
Change in Accounts Receivable	-35.37	-35.37	-44.32	4	-42.88	-28.94
Change in Inventory	10.23	10.23	11.22	-29.17	-22.45	-10.29
Change in Accounts Payable	-7.25	-7.25	18.37	-6.77	53.22	39.27
Change in Other Net Operating Assets	1.12	1.12	1.25	1.83	1.83	1.83
Operating Cash Flow	28.93	51.31	83.9	46.36	47.77	61.68
Operating Cash Flow Growth	-52.59%	-38.84%	81.00%	-2.95%	-22.55%	43.74%
Capital Expenditures	-71.66	-81.61	-63.9	-51.66	-27.88	-29.29
Sale of Property, Plant & Equipment	0.03	0.03	-	-	-	-
Investment in Securities	58.62	-271.5	-167.11	-6.74	-24.93	-28.5
Other Investing Activities	-1.88	-	-	2.21	1.84	0.79
Investing Cash Flow	-14.88	-353.08	-231.01	-56.19	-50.97	-57
Long-Term Debt Issued	-	-	-	18.61	8.54	0.2
Total Debt Issued	-	-	-	18.61	8.54	0.2
Long-Term Debt Repaid	-	-0.16	-26.63	-2.61	-2.74	-0.2
Net Debt Issued (Repaid)	-0.16	-0.16	-26.63	16	5.8	-
Issuance of Common Stock	4.55	4.55	685.95	-	-	68
Repurchase of Common Stock	-14.14	-14.14	-	-	-	-
Common Dividends Paid	-34.93	-29.87	-30.64	-20.82	-0.11	-15.01
Other Financing Activities	6.01	-	-29.5	-0.45	-4.27	-
Financing Cash Flow	-38.66	-39.61	599.18	-5.27	1.41	52.99
Foreign Exchange Rate Adjustments	0.5	1.07	0.13	1.79	-1.63	-1.91
Net Cash Flow	-24.12	-340.32	452.2	-13.32	-3.41	55.76
Free Cash Flow	-42.72	-30.3	20	-5.3	19.88	32.38
Free Cash Flow Growth	-	-	-	-	-38.60%	23.22%
Free Cash Flow Margin	-7.49%	-5.08%	3.60%	-1.18%	5.19%	10.78%
Free Cash Flow Per Share	-0.73	-0.52	0.40	-0.12	0.45	0.80
Cash Income Tax Paid	-	4.87	8.25	1.05	5.38	14.45
Levered Free Cash Flow	66.67	14.56	-19.45	-11.66	17.81	11.37
Unlevered Free Cash Flow	66.77	14.58	-19.17	-11.59	17.85	11.38
Change in Working Capital	-31.29	-31.29	-13.82	-30.92	-10.45	2.13

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