SHE:301336 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	31.53	28.97	23.86	36.89	68.46	67.88
Depreciation & Amortization	1.92	1.92	1.63	1.48	1.45	0.62
Loss (Gain) From Sale of Assets	-	-	-0	-	-	-
Loss (Gain) From Sale of Investments	-11.21	-11.21	-12.06	-7.44	-6.8	-
Provision & Write-off of Bad Debts	2.95	2.95	1.57	-0.65	0.03	-
Other Operating Activities	-8.34	-10.29	-7.57	-4.53	-0.32	96.34
Change in Accounts Receivable	-34.02	-34.02	-32.62	14.51	18.75	-
Change in Inventory	-3.23	-3.23	2.93	3.83	-7.48	-
Change in Accounts Payable	46.92	46.92	34.15	-33.76	-4.26	-
Change in Other Net Operating Assets	1.78	1.78	-	-	0.29	-
Operating Cash Flow	28.43	23.91	14.16	11.15	70.21	164.85
Operating Cash Flow Growth	60.52%	68.79%	27.05%	-84.12%	-57.41%	-51.68%
Capital Expenditures	-1.31	-2	-1.4	-0.01	-17.76	-1.09
Divestitures	0.88	0.88	1.28	3.5	-	-
Investment in Securities	-22.08	-23.35	-68.46	-234.11	-45.49	-
Other Investing Activities	-21.25	5.4	0.27	2.88	-	31.3
Investing Cash Flow	-43.76	-19.07	-68.3	-227.75	-63.25	30.21
Total Debt Issued	20	-	-	-	-	-
Short-Term Debt Repaid	-	-	-	-	-	-10
Long-Term Debt Repaid	-	-0.17	-	-	-	-
Total Debt Repaid	-0.17	-0.17	-	-	-	-10
Net Debt Issued (Repaid)	19.83	-0.17	-	-	-	-10
Issuance of Common Stock	-	-	-	335.89	-	-
Repurchase of Common Stock	-10	-10	-	-	-	-
Common Dividends Paid	-9.07	-5.87	-10.88	-	-	-0.46
Other Financing Activities	9.83	-	-	-19.45	-37.47	-27.06
Financing Cash Flow	10.58	-16.05	-10.88	316.44	-37.47	-37.52
Foreign Exchange Rate Adjustments	0.01	0.02	-0.01	-	-	-
Net Cash Flow	-4.74	-11.19	-65.03	99.84	-30.51	157.54
Free Cash Flow	27.13	21.91	12.77	11.14	52.45	163.76
Free Cash Flow Growth	60.40%	71.60%	14.65%	-78.77%	-67.97%	-50.57%
Free Cash Flow Margin	7.38%	6.31%	4.19%	3.45%	11.09%	34.22%
Free Cash Flow Per Share	0.68	0.55	0.32	0.34	1.75	5.45
Cash Income Tax Paid	18.47	12.23	14.52	15.21	12.42	66.64
Levered Free Cash Flow	67.67	12.42	5.99	-15.95	32.43	2.14
Unlevered Free Cash Flow	67.83	12.45	5.99	-15.9	32.5	2.37
Change in Working Capital	11.58	11.58	6.73	-14.6	7.39	-

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