SHE:301609 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	134.85	137.64	126.64	102.8	76.99	76.18
Depreciation & Amortization	12.8	12.8	12.38	5.83	4.32	4.38
Other Amortization	0.06	0.06	-	-	-	-
Loss (Gain) From Sale of Assets	0.02	0.02	0	-	-	-
Asset Writedown & Restructuring Costs	-1.05	-1.05	0.1	0.45	-0.01	0.12
Loss (Gain) From Sale of Investments	-1.26	-1.26	-	-	-	-
Provision & Write-off of Bad Debts	-	-	3.39	-1.73	3.34	0.8
Other Operating Activities	13.5	4.49	3.05	4.75	1.91	2.64
Change in Accounts Receivable	39.65	39.65	-49.67	9.68	-63.44	-28.28
Change in Inventory	-69.78	-69.78	-22.91	-20.45	-15.18	-11.95
Change in Accounts Payable	33.11	33.11	79.49	79.25	19.3	43.02
Operating Cash Flow	161.96	155.75	151.7	180.36	26.89	86.77
Operating Cash Flow Growth	22.50%	2.67%	-15.89%	570.67%	-69.01%	-16.23%
Capital Expenditures	-14.07	-11.22	-26.88	-32.71	-38.31	-62
Sale of Property, Plant & Equipment	0.02	0.02	-	0	-	-
Investment in Securities	-568	-560	-	-	-	-
Other Investing Activities	3.97	1.34	-	-	-	-0.89
Investing Cash Flow	-578.08	-569.86	-26.88	-32.71	-38.31	-62.89
Issuance of Common Stock	561.96	561.96	-	-	0.1	-
Common Dividends Paid	-	-	-	-30.54	-48.86	-30.54
Other Financing Activities	-30.66	-30.68	-3.75	-5.36	-1.01	-3.13
Financing Cash Flow	531.29	531.28	-3.75	-35.9	-49.77	-33.67
Net Cash Flow	115.18	117.17	121.08	111.75	-61.19	-9.79
Free Cash Flow	147.9	144.54	124.82	147.65	-11.42	24.77
Free Cash Flow Growth	23.18%	15.79%	-15.46%	-	-	-74.23%
Free Cash Flow Margin	20.69%	20.44%	18.97%	26.89%	-2.39%	5.68%
Free Cash Flow Per Share	1.00	1.04	1.02	1.21	-0.09	0.20
Cash Income Tax Paid	38.67	43.57	34.67	34.38	41.4	21.96
Levered Free Cash Flow	107.95	108.43	54.17	139.78	-12.3	17.94
Unlevered Free Cash Flow	107.95	108.43	54.2	139.8	-12.26	18.01
Change in Working Capital	3.05	3.05	6.15	68.26	-59.66	2.65

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