SHE:301522 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 2021	FY 2020	FY 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	161.58	150.81	69.13	18.69	27.62
Depreciation & Amortization	68.33	61.39	39.66	40.75	41.25
Other Amortization	0.78	-	0.05	0.04	0.03
Loss (Gain) From Sale of Assets	-	-0.09	-0	35.36	-2.03
Asset Writedown & Restructuring Costs	0.24	0.28	6.67	9.13	4.59
Loss (Gain) From Sale of Investments	-4.32	-0.6	-	-	-
Provision & Write-off of Bad Debts	16.32	4.21	5.98	-0.79	1.8
Other Operating Activities	25.47	54.36	15.18	11.73	16.47
Change in Accounts Receivable	-176.47	-254.25	-121.16	36.8	-39.77
Change in Inventory	-65.5	-175.51	-79.54	-28.33	-41.45
Change in Accounts Payable	57.16	238.93	82.48	-106.25	-4.24
Operating Cash Flow	82.71	77.12	25.61	17.11	6.81
Operating Cash Flow Growth	7.25%	201.12%	49.70%	151.16%	-
Capital Expenditures	-50.05	-96.17	-63.64	-146.09	-94.1
Sale of Property, Plant & Equipment	-	0.28	0.01	63.69	2.56
Other Investing Activities	0.01	-	-	-	-
Investing Cash Flow	-50.03	-95.89	-63.63	-82.4	-91.53
Long-Term Debt Issued	421.28	430.7	170	120	233
Long-Term Debt Repaid	-596.74	-310.32	-153.26	-86.98	-453.53
Net Debt Issued (Repaid)	-175.46	120.39	16.74	33.02	-220.53
Issuance of Common Stock	584.89	-	-	-	269.7
Common Dividends Paid	-28.55	-30.8	-21.95	-16.46	-19.68
Other Financing Activities	-22.66	-0.87	-	3	124.8
Financing Cash Flow	358.22	88.71	-5.21	19.56	154.29
Foreign Exchange Rate Adjustments	0.04	-	-	-	-
Net Cash Flow	390.93	69.94	-43.23	-45.74	69.56
Free Cash Flow	32.66	-19.05	-38.03	-128.98	-87.29
Free Cash Flow Margin	1.30%	-0.94%	-4.17%	-23.05%	-13.11%
Free Cash Flow Per Share	0.11	-0.07	-0.14	-0.47	-0.35
Cash Income Tax Paid	34.2	19.91	7.62	11.92	8.83
Levered Free Cash Flow	98.38	-	-58.41	-320.9	-
Unlevered Free Cash Flow	116.31	-	-48.89	-313.53	-
Change in Net Working Capital	0.77	-	72.48	190.4	-

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