SHE:301552 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Jan '21 Jan 1, 2021
Net Income	157.79	150.23	137.09	116.31	60.73	45.02
Depreciation & Amortization	11.75	11.75	11.37	8.73	7.38	5.65
Other Amortization	3.04	3.04	5.65	6.91	7.03	4.71
Loss (Gain) From Sale of Assets	0	0	-0.51	-0.75	-0.12	-0
Asset Writedown & Restructuring Costs	1.56	1.56	1.92	0.89	1.93	1.86
Loss (Gain) From Sale of Investments	-4.47	-4.47	-0.06	-0.09	-0.3	-1.69
Provision & Write-off of Bad Debts	-	-	-	0.23	1.65	1.63
Other Operating Activities	-100.53	5.28	2.1	-0.39	3.91	2.67
Change in Accounts Receivable	22.85	22.85	-50.64	-16.22	-47.54	-6.76
Change in Inventory	-13.72	-13.72	-3.42	0.41	-44.24	-8.57
Change in Accounts Payable	136.45	136.45	13.39	3.58	18.63	3.83
Change in Other Net Operating Assets	0.11	0.11	0.59	1.6	5.34	1.65
Operating Cash Flow	215.62	313.86	117.67	122.93	16.65	50.5
Operating Cash Flow Growth	6.71%	166.73%	-4.27%	638.49%	-67.04%	19.96%
Capital Expenditures	-86.66	-80.39	-75.73	-18.43	-27.26	-32.16
Sale of Property, Plant & Equipment	0.21	1.04	0.54	0.81	0.97	0.01
Investment in Securities	-530.91	-532.72	-40	0.09	0.3	-
Other Investing Activities	653.78	-4.25	5.03	-	-	11.69
Investing Cash Flow	36.43	-616.32	-110.16	-17.53	-25.99	-20.46
Long-Term Debt Issued	-	19.83	-	-	-	-
Long-Term Debt Repaid	-	-	-0.13	-0.23	-	-
Net Debt Issued (Repaid)	-	19.83	-0.13	-0.23	-	-
Issuance of Common Stock	-	473.95	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-24.65	-
Common Dividends Paid	-115.73	-	-	-	-	-
Other Financing Activities	-2.58	-15.94	-6.17	-6.53	-1.73	-1
Financing Cash Flow	-118.3	477.84	-6.3	-6.76	-26.38	-1
Foreign Exchange Rate Adjustments	4.43	1.81	3.42	6.11	-1.24	-1.25
Net Cash Flow	138.18	177.2	4.64	104.75	-36.96	27.8
Free Cash Flow	128.97	233.47	41.94	104.5	-10.61	18.35
Free Cash Flow Growth	1.09%	456.63%	-59.86%	-	-	-41.87%
Free Cash Flow Margin	19.32%	38.17%	8.60%	25.76%	-3.62%	10.48%
Free Cash Flow Per Share	1.16	2.88	0.59	1.46	-0.11	0.17
Cash Income Tax Paid	41.04	40.28	48.62	26.79	15.08	14.27
Levered Free Cash Flow	69.86	195.42	6.01	67.26	-30.76	3.56
Unlevered Free Cash Flow	69.92	195.49	6.37	67.37	-30.74	3.57
Change in Working Capital	146.47	146.47	-39.89	-8.91	-65.57	-9.34

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