SHE:301587 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 2019	FY 2018
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	46.13	75.08	135.97	183.52	8.74	68.62
Depreciation & Amortization	107.58	107.58	100.1	84.76	25.8	21.25
Other Amortization	1.34	1.34	0.34	0.53	0.32	0.17
Loss (Gain) From Sale of Assets	-1.82	-1.82	-0.02	-0.5	0.76	-1.88
Asset Writedown & Restructuring Costs	11.21	11.21	6.85	-0.84	28.65	3.75
Loss (Gain) From Sale of Investments	-6.68	-6.68	-0	-0.17	-1.1	-
Other Operating Activities	-120.76	-6.24	-4.89	1.44	3.07	7.47
Change in Accounts Receivable	-191.18	-191.18	-3.74	17.25	-40.07	-45.73
Change in Inventory	-16.32	-16.32	-23.33	-37.17	5.86	-17.01
Change in Accounts Payable	66.67	66.67	31.19	26.69	-17.15	14.35
Change in Other Net Operating Assets	6.98	6.98	8.72	8.72	1.1	1.24
Operating Cash Flow	-92.33	51.13	266.58	300.56	13.86	61.43
Operating Cash Flow Growth	-	-80.82%	-11.31%	2069.23%	-77.45%	-
Capital Expenditures	-399.79	-250.36	-132.21	-241.35	-133.69	-32.74
Sale of Property, Plant & Equipment	4.02	4.04	0.23	1.3	0.83	13.93
Investment in Securities	40.34	-512.37	-67.98	-1.08	50	-50
Other Investing Activities	364.39	55.47	3.11	-2.57	-9.6	-
Investing Cash Flow	8.96	-703.22	-196.85	-243.7	-92.46	-68.81
Long-Term Debt Issued	-	5.23	9.37	60	91.25	143.2
Long-Term Debt Repaid	-	-10.05	-63.98	-86.61	-70	-241.88
Net Debt Issued (Repaid)	3.48	-4.82	-54.61	-26.61	21.25	-98.68
Issuance of Common Stock	13.76	754.96	-	-	-	150
Common Dividends Paid	-51.62	-0.1	-0.73	-2.9	-3.46	-7.4
Other Financing Activities	-8.62	-24.27	-3.66	-3.15	-13.23	-20.51
Financing Cash Flow	-43.01	725.78	-59	-32.66	4.55	23.41
Foreign Exchange Rate Adjustments	-0.66	-0.05	1.23	1.29	0.45	-0.2
Net Cash Flow	-127.04	73.64	11.97	25.48	-73.6	15.84
Free Cash Flow	-492.13	-199.23	134.37	59.21	-119.84	28.7
Free Cash Flow Growth	-	-	126.93%	-	-	-
Free Cash Flow Margin	-75.15%	-31.30%	19.56%	7.75%	-42.88%	7.49%
Free Cash Flow Per Share	-3.32	-1.43	1.22	0.54	-1.10	0.30
Cash Income Tax Paid	15.85	3.14	23.3	38.07	1.45	23.69
Levered Free Cash Flow	-520	-14.18	78.1	-	-90.48	29
Unlevered Free Cash Flow	-519.9	-14.09	78.55	-	-88.27	33.52
Change in Working Capital	-129.34	-129.34	28.24	31.83	-52.38	-37.94

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