SHE:301297 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	135.38	108.88	93.9	88.08	87.88	76
Depreciation & Amortization	62.13	62.13	58.18	44.5	38.92	31.4
Other Amortization	7.87	7.87	11.2	7.93	4.4	4.59
Loss (Gain) From Sale of Assets	-0	-0	-0	0.85	0.09	-
Asset Writedown & Restructuring Costs	0.12	0.12	0.14	0.06	3.62	2.45
Loss (Gain) From Sale of Investments	-7.43	-7.43	-3.88	0.07	-	-
Provision & Write-off of Bad Debts	1.81	1.81	1.31	1.05	-	-
Other Operating Activities	-37.64	7.77	7.35	7.5	0.98	3.72
Change in Accounts Receivable	-10.07	-10.07	-14.49	-15.35	-31.39	-21.71
Change in Inventory	-18.6	-18.6	-4.24	-22.6	-13.36	-15.86
Change in Accounts Payable	16.06	16.06	-15.89	30.3	42.77	41.66
Change in Other Net Operating Assets	39.51	39.51	3.85	1.54	1.45	0.08
Operating Cash Flow	177.11	196.01	137.08	144.64	134.01	119.39
Operating Cash Flow Growth	-31.99%	42.99%	-5.23%	7.93%	12.24%	295.25%
Capital Expenditures	133.32	-114.04	-120.73	-150.87	-234.35	-68.74
Sale of Property, Plant & Equipment	-0.85	0.02	0.17	0.03	0.06	-
Cash Acquisitions	-10.2	-34	-	-	-	-
Investment in Securities	-123.15	-57.79	-262.04	-	-	-
Other Investing Activities	15.83	7.93	1.68	-0.07	-	-
Investing Cash Flow	14.94	-197.88	-380.93	-150.9	-234.3	-68.74
Long-Term Debt Issued	-	30	13.5	81.7	65.66	37.94
Short-Term Debt Repaid	-	-	-	-	-0.42	-
Long-Term Debt Repaid	-	-36.8	-133.15	-62.85	-4.25	-136.79
Total Debt Repaid	-68.49	-36.8	-133.15	-62.85	-4.68	-136.79
Net Debt Issued (Repaid)	-79.66	-6.8	-119.65	18.86	60.99	-98.85
Issuance of Common Stock	751.69	-	30	657.6	-	164.65
Common Dividends Paid	-	-27.07	-29.31	-4.54	-0.41	-5.1
Other Financing Activities	-3.46	-5.85	-	-13.67	-	0.15
Financing Cash Flow	668.57	-39.72	-118.96	658.24	60.58	60.86
Foreign Exchange Rate Adjustments	-34.74	-5.08	0.24	-0.55	-0.05	-0.24
Net Cash Flow	825.88	-46.67	-362.57	651.42	-39.76	111.27
Free Cash Flow	310.43	81.96	16.35	-6.23	-100.34	50.65
Free Cash Flow Growth	-	401.44%	-	-	-	-
Free Cash Flow Margin	31.27%	10.50%	2.68%	-1.00%	-17.63%	10.49%
Free Cash Flow Per Share	0.77	0.24	0.05	-0.03	-0.40	0.22
Cash Income Tax Paid	64.09	73.7	41.51	35.44	42.94	29.07
Levered Free Cash Flow	-526.22	38.2	-81.77	-3.7	-122.35	-17.74
Unlevered Free Cash Flow	-523.96	38.72	-80.52	-2.01	-122.29	-15.11
Change in Working Capital	14.87	14.87	-31.13	-5.4	-1.88	1.24

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