SHE:301339 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	209.69	190.96	150.76	187.73
Depreciation & Amortization	46.78	38.88	18.85	16.42
Other Amortization	15.71	6.54	14.75	12.36
Loss (Gain) From Sale of Assets	0.01	0.01	-0.09	-
Asset Writedown & Restructuring Costs	-	-	-	-1.22
Loss (Gain) From Sale of Investments	-71.4	-55.41	-40.23	-36.96
Provision & Write-off of Bad Debts	10.53	5.12	4.56	-
Other Operating Activities	19.47	20.11	17.51	14.87
Change in Accounts Receivable	39.13	-79.71	-36.13	-34.81
Change in Inventory	-12.16	-26.86	-9.31	29.47
Change in Accounts Payable	-168.69	119.86	-245.9	-178.7
Change in Other Net Operating Assets	12.78	-0.22	0.17	-0.66
Operating Cash Flow	103.69	218.98	-126.1	6.75
Operating Cash Flow Growth	-52.65%	-	-	-97.49%
Capital Expenditures	-120.86	-90.23	-43.72	-47.92
Sale of Property, Plant & Equipment	0	0.21	0.12	0
Divestitures	-	-	4.36	-
Investment in Securities	-180.1	109.7	-762.15	-23.95
Other Investing Activities	24.62	10.05	36.54	36.96
Investing Cash Flow	-276.34	29.73	-764.86	-34.9
Long-Term Debt Repaid	-9.59	-9.23	-8.01	-5.81
Net Debt Issued (Repaid)	-9.59	-9.23	-8.01	-5.81
Issuance of Common Stock	66.36	-	1,047	-
Common Dividends Paid	-122.1	-68.78	-	-
Other Financing Activities	-7.66	-6.12	-25.08	-6.57
Financing Cash Flow	-72.99	-84.12	1,014	-12.38
Net Cash Flow	-245.64	164.59	122.57	-40.54
Free Cash Flow	-17.16	128.75	-169.82	-41.17
Free Cash Flow Margin	-1.92%	17.36%	-28.44%	-6.94%
Free Cash Flow Per Share	-0.03	0.23	-0.34	-0.09
Cash Income Tax Paid	65.02	52.75	53.51	37.05
Levered Free Cash Flow	-22.68	84.39	-245.27	-178.55
Unlevered Free Cash Flow	-22.24	84.99	-244.61	-177.91
Change in Working Capital	-127.1	12.78	-292.2	-186.45

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