SHE:301602 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	142.2	145.58	115.43	76.78	80.07	100.6
Depreciation & Amortization	10.36	10.36	11.28	16.83	16.22	14.3
Other Amortization	0.06	0.06	-	0.02	-	-
Loss (Gain) From Sale of Assets	-	-	-	0.77	5.04	-
Asset Writedown & Restructuring Costs	0.03	0.03	0.01	-0.64	-0.73	-0.43
Loss (Gain) From Sale of Investments	-11.56	-11.56	-9.26	-2.47	-1.65	-3.73
Provision & Write-off of Bad Debts	1.15	1.15	1.48	0.09	0.04	-0.53
Other Operating Activities	-16.57	-14.44	-10.6	2.75	9.52	-5.8
Change in Accounts Receivable	-30.68	-30.68	-13.44	-6.16	8.03	14.44
Change in Inventory	8.38	8.38	0.29	2.79	7.76	-6.55
Change in Accounts Payable	22.27	22.27	-22.85	-21.52	-24.31	-30.24
Change in Other Net Operating Assets	1.25	1.25	1.19	-0.04	0.05	0.65
Operating Cash Flow	126.89	132.39	73.42	64.32	98.21	83.59
Operating Cash Flow Growth	72.83%	80.33%	14.13%	-34.50%	17.50%	-
Capital Expenditures	-22.3	-18.67	-1.53	-9.07	-14.06	-18.78
Sale of Property, Plant & Equipment	-	-	-	55.38	14.04	-
Investment in Securities	-35.41	-21.06	-197.15	-76.25	-53.12	88.29
Other Investing Activities	12.14	11.86	15.8	2.47	1.65	3.86
Investing Cash Flow	-45.57	-27.87	-182.89	-27.47	-51.49	73.37
Common Dividends Paid	-43.69	-	-	-59.23	-105.99	-143.34
Other Financing Activities	-16.86	-0.6	-1.3	-	-	-
Financing Cash Flow	341.09	-0.6	-1.3	-59.23	-105.99	-143.34
Foreign Exchange Rate Adjustments	3.11	4.01	3.77	-0.66	-1.03	0.8
Net Cash Flow	425.51	107.94	-107	-23.03	-60.3	14.41
Free Cash Flow	104.59	113.73	71.88	55.26	84.16	64.8
Free Cash Flow Growth	45.50%	58.21%	30.09%	-34.34%	29.87%	-
Free Cash Flow Margin	28.40%	30.26%	22.01%	19.45%	26.15%	19.28%
Free Cash Flow Per Share	0.26	0.31	0.20	0.15	0.23	-
Cash Income Tax Paid	14.42	19.07	27.66	18.95	15.25	16.47
Levered Free Cash Flow	-	83.01	-	65.79	62.52	-
Unlevered Free Cash Flow	-	83.01	-	65.79	62.52	-
Change in Working Capital	1.21	1.21	-34.93	-29.81	-10.31	-20.82

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