Shandong University Electric Power Technology Co., Ltd. (SHE:301609)

SHE:301609 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	135.05	126.64	102.8	76.99	76.18	81.24
Depreciation & Amortization	12.52	12.38	5.83	4.32	4.38	2.43
Other Amortization	0.06	-	-	-	-	-
Loss (Gain) From Sale of Assets	0	0	-	-	-	-
Asset Writedown & Restructuring Costs	0.21	0.1	0.45	-0.01	0.12	0.06
Loss (Gain) From Sale of Investments	-0.07	-	-	-	-	-
Provision & Write-off of Bad Debts	1.59	3.39	-1.73	3.34	0.8	-0.09
Other Operating Activities	5.23	3.05	4.75	1.91	2.64	1.55
Change in Accounts Receivable	-22.04	-49.67	9.68	-63.44	-28.28	63.13
Change in Inventory	-39.01	-22.91	-20.45	-15.18	-11.95	-44.08
Change in Accounts Payable	72.74	79.49	79.25	19.3	43.02	-0.51
Operating Cash Flow	165.63	151.7	180.36	26.89	86.77	103.59
Operating Cash Flow Growth	-27.10%	-15.89%	570.67%	-69.01%	-16.23%	158.72%
Capital Expenditures	-12.53	-26.88	-32.71	-38.31	-62	-7.47
Sale of Property, Plant & Equipment	-	-	0	-	-	0
Other Investing Activities	0.07	-	-	-	-0.89	-
Investing Cash Flow	-12.46	-26.88	-32.71	-38.31	-62.89	-7.47
Net Debt Issued (Repaid)	0.24	-	-	-	-	-
Issuance of Common Stock	-	-	-	0.1	-	-
Common Dividends Paid	-	-	-30.54	-48.86	-30.54	-18.32
Other Financing Activities	-3.19	-3.75	-5.36	-1.01	-3.13	0.25
Financing Cash Flow	-2.95	-3.75	-35.9	-49.77	-33.67	-18.07
Net Cash Flow	150.21	121.08	111.75	-61.19	-9.79	78.04
Free Cash Flow	153.09	124.82	147.65	-11.42	24.77	96.12
Free Cash Flow Growth	-19.66%	-15.46%	-	-	-74.23%	154.79%
Free Cash Flow Margin	22.11%	18.97%	26.89%	-2.39%	5.68%	24.37%
Free Cash Flow Per Share	1.26	1.02	1.21	-0.09	0.20	0.79
Cash Income Tax Paid	43.01	34.67	34.38	41.4	21.96	28.76
Levered Free Cash Flow	103.71	54.17	139.78	-12.3	17.94	-
Unlevered Free Cash Flow	103.75	54.2	139.8	-12.26	18.01	-
Change in Working Capital	11.02	6.15	68.26	-59.66	2.65	18.39

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