SHE:301315 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	43.23	51.71	58.27	61.53	62.53	60.36
Depreciation & Amortization	7.37	7.37	7.47	7.35	6.83	5.94
Other Amortization	0.13	0.13	0.1	0.06	0.31	0.4
Loss (Gain) From Sale of Assets	-0	-0	-0.03	-0.02	-	-0.17
Asset Writedown & Restructuring Costs	-	-	0.04	-	-	0.12
Loss (Gain) From Sale of Investments	-16.44	-16.44	-6.01	-0.02	-1.31	-2.96
Provision & Write-off of Bad Debts	3.55	3.55	3.29	1.47	0.38	0.11
Other Operating Activities	124.04	1.81	0.42	0.86	1.69	0.18
Change in Accounts Receivable	-10.81	-10.81	-34.44	-20.76	-9.67	1.18
Change in Inventory	26.16	26.16	6.95	-7.46	-11.71	-17.92
Change in Accounts Payable	-18.24	-18.24	0.11	7.86	4.52	-6.35
Change in Other Net Operating Assets	-11.93	-11.93	-0.55	1.42	0.92	3.31
Operating Cash Flow	146.57	32.82	35.48	52.01	54.45	44.31
Operating Cash Flow Growth	-	-7.49%	-31.79%	-4.49%	22.89%	32.94%
Capital Expenditures	-2.47	-0.51	-4.13	-1.29	-22.51	-1.93
Sale of Property, Plant & Equipment	0.11	0	0.17	0	-	0.19
Investment in Securities	192.23	99.04	-330.01	-	-	-
Other Investing Activities	-2.82	2.27	6.23	0.02	1.31	2.96
Investing Cash Flow	187.05	100.8	-327.74	-1.26	-21.19	1.23
Long-Term Debt Repaid	-	-0.35	-0.26	-0.17	-	-
Net Debt Issued (Repaid)	-0.35	-0.35	-0.26	-0.17	-	-
Issuance of Common Stock	-	-	639.06	-	-	-
Common Dividends Paid	-35.24	-30.8	-	-19.8	-26.4	-19.8
Other Financing Activities	-0	-2	-24.72	-	-0.36	-
Financing Cash Flow	-35.59	-33.15	614.08	-19.97	-26.76	-19.8
Foreign Exchange Rate Adjustments	-0.25	-0.82	-0.45	-0.65	-1.67	-0.18
Net Cash Flow	297.78	99.65	321.36	30.13	4.83	25.56
Free Cash Flow	144.1	32.31	31.35	50.72	31.95	42.38
Free Cash Flow Growth	-	3.07%	-38.20%	58.77%	-24.62%	31.93%
Free Cash Flow Margin	61.17%	11.00%	10.00%	16.51%	11.60%	17.40%
Free Cash Flow Per Share	1.64	0.37	0.41	0.77	0.48	0.64
Cash Income Tax Paid	13.31	14.37	11.39	14.66	20.03	16.86
Levered Free Cash Flow	122.56	26.03	3.23	26.37	8.22	26.1
Unlevered Free Cash Flow	122.59	26.04	3.23	26.37	8.23	26.1
Change in Working Capital	-15.31	-15.31	-28.08	-19.22	-15.96	-19.66

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