SHE:301585 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 2021	FY 2020	FY 2019
Period Ending	Sep '25 Sep 30, 2025	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	65.9	100.51	92.69	60.21	31.45	10.83
Depreciation & Amortization	15.76	15.76	13.59	-	-	-
Other Amortization	2.56	2.56	1.75	-	-	-
Loss (Gain) From Sale of Assets	-0.03	-0.03	0.12	-	-	-
Loss (Gain) From Sale of Investments	-1.11	-1.11	-1.19	-	-	-
Provision & Write-off of Bad Debts	3.11	3.11	1.61	-	-	-
Other Operating Activities	-12.32	-0.05	-0.15	-24.62	2.51	-2.48
Change in Accounts Receivable	-60.91	-60.91	-3.96	-	-	-
Change in Inventory	-35.99	-35.99	-9.46	-	-	-
Change in Accounts Payable	57.5	57.5	-18.78	-	-	-
Operating Cash Flow	35.68	82.56	76.21	35.58	33.96	8.34
Operating Cash Flow Growth	-64.07%	8.34%	114.17%	4.79%	307.03%	31.38%
Capital Expenditures	-137.89	-70.91	-47.37	-31.32	-17.06	-6.6
Sale of Property, Plant & Equipment	0.92	0.3	0.1	0.11	2.05	0.31
Investment in Securities	-171.61	35.5	-45.5	27.51	-16.12	-16.31
Other Investing Activities	3.74	1.13	0.91	0.58	0.33	-
Investing Cash Flow	-304.84	-33.99	-91.86	-3.12	-30.8	-22.6
Short-Term Debt Issued	-	30	31	40	20.31	16.44
Total Debt Issued	50.29	30	31	40	20.31	16.44
Short-Term Debt Repaid	-	-61	-10	-33.06	-12.27	-14.54
Long-Term Debt Repaid	-	-0.47	-0.47	-	-	-
Total Debt Repaid	-31.47	-61.47	-10.47	-33.06	-12.27	-14.54
Net Debt Issued (Repaid)	18.82	-31.47	20.53	6.94	8.04	1.89
Issuance of Common Stock	443.83	443	-	-	-	-
Common Dividends Paid	-32.42	-0.8	-0.77	-4.27	-0.33	-0.09
Other Financing Activities	-25.13	-19.35	-0.98	-3.47	3	0
Financing Cash Flow	405.1	391.38	18.78	-0.8	10.71	1.8
Foreign Exchange Rate Adjustments	0.94	2.21	1.3	-0.9	-2.14	-0.03
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-0
Net Cash Flow	136.88	442.17	4.42	30.76	11.73	-12.49
Free Cash Flow	-102.21	11.65	28.83	4.26	16.9	1.74
Free Cash Flow Growth	-	-59.59%	576.76%	-74.79%	870.18%	-
Free Cash Flow Margin	-22.38%	2.44%	7.52%	1.56%	10.73%	1.36%
Free Cash Flow Per Share	-1.06	0.15	0.37	0.05	0.21	0.02
Cash Income Tax Paid	6.58	23.07	27.33	13.71	6.94	9.34
Levered Free Cash Flow	-133.27	-1.2	-	-30.79	-11	-
Unlevered Free Cash Flow	-133	-0.68	-	-30.15	-10.76	-
Change in Working Capital	-38.19	-38.19	-32.21	-	-	-

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