SHE:301577 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 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	28.54	32.27	54.99	66.87	45.68	21.48
Depreciation & Amortization	21.04	21.04	18.91	17.53	5.44	4.74
Other Amortization	1.51	1.51	1.13	0.93	0.13	0.25
Loss (Gain) From Sale of Assets	0.05	0.05	-	-0	-0.31	-
Asset Writedown & Restructuring Costs	3.11	3.11	1.24	6.1	2.99	1.78
Loss (Gain) From Sale of Investments	-2.31	-2.31	3.11	-0.62	-	-
Provision & Write-off of Bad Debts	-	-	-	-	-1.07	5.17
Other Operating Activities	22.77	-1.81	-2.29	-1.13	3.66	0.35
Change in Accounts Receivable	-16.99	-16.99	-15.4	7.24	2.92	-23.46
Change in Inventory	-17.38	-17.38	39.08	-9.52	-4.77	-15.2
Change in Accounts Payable	54.88	54.88	-62.36	-36.86	-0.15	1.05
Change in Other Net Operating Assets	0.71	0.71	0.98	0.87	-13.89	-1.01
Operating Cash Flow	95.08	74.23	39.54	51	40.36	-5.58
Operating Cash Flow Growth	60.12%	87.74%	-22.47%	26.36%	-	-
Capital Expenditures	-69.72	-78.01	-83.42	-43.92	-31.98	-8.8
Investment in Securities	-39.07	-120	-15	-	15	-15
Other Investing Activities	1.03	1.8	5.9	4	1.36	0.44
Investing Cash Flow	-107.76	-196.2	-92.52	-39.92	-15.61	-23.36
Short-Term Debt Issued	-	-	-	-	15	20
Long-Term Debt Issued	-	8.33	126.25	39.11	-	-
Total Debt Issued	33.94	8.33	126.25	39.11	15	20
Short-Term Debt Repaid	-	-	-	-	-20	-
Long-Term Debt Repaid	-	-47.66	-89.92	-17.27	-	-
Total Debt Repaid	-31.22	-47.66	-89.92	-17.27	-20	-
Net Debt Issued (Repaid)	2.72	-39.33	36.32	21.84	-5	20
Issuance of Common Stock	20.33	346.27	-	-	50	20
Common Dividends Paid	-14.94	-38.36	-3.4	-8.11	-4.06	-3.72
Other Financing Activities	-31.06	-3.13	-2.25	-	-0.19	-0.72
Financing Cash Flow	-22.95	265.45	30.67	13.73	40.75	35.56
Foreign Exchange Rate Adjustments	1.11	1.19	-2.64	2.23	-0.16	-0.3
Net Cash Flow	-34.52	144.66	-24.94	27.05	65.34	6.33
Free Cash Flow	25.36	-3.77	-43.88	7.08	8.39	-14.37
Free Cash Flow Growth	-	-	-	-15.56%	-	-
Free Cash Flow Margin	5.88%	-0.89%	-10.07%	1.45%	2.48%	-4.97%
Free Cash Flow Per Share	0.54	-0.09	-1.32	0.21	0.27	-0.47
Cash Income Tax Paid	-	-4.31	9.97	13.94	9.64	3.41
Levered Free Cash Flow	-21.85	-9.97	-69.13	-	-4.46	-15.37
Unlevered Free Cash Flow	-21.85	-9.97	-67.46	-	-3.93	-15.15
Change in Working Capital	20.38	20.38	-37.55	-38.67	-16.15	-39.35

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