SHE:301632 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	107.13	99.21	102.52	154.06
Depreciation & Amortization	65.84	64.45	64.24	57.7
Other Amortization	12.28	16.37	16.89	13.59
Loss (Gain) From Sale of Assets	-0.2	-0.41	-0.02	-0.28
Asset Writedown & Restructuring Costs	-0	-0.1	-0.01	5.33
Loss (Gain) From Sale of Investments	-1.01	-4.03	-4.3	-69.6
Provision & Write-off of Bad Debts	97.68	83.01	54.31	31.52
Other Operating Activities	1.2	2.48	1.32	1.08
Change in Accounts Receivable	-199.33	-260.82	-274.91	-25.41
Change in Inventory	0.64	11.83	9.99	14.84
Change in Accounts Payable	55.65	37.93	18.43	-116.31
Operating Cash Flow	123.73	40.35	-19.45	65.7
Operating Cash Flow Growth	206.64%	-	-	-58.70%
Capital Expenditures	-109.39	-84.27	-39.4	-173.84
Sale of Property, Plant & Equipment	0.03	0.17	0.01	0.31
Divestitures	-	-	-	60.68
Investment in Securities	15	77.52	-1.49	-70
Other Investing Activities	2.12	1.52	0.79	6.85
Investing Cash Flow	-92.24	-5.08	-40.09	-176.01
Long-Term Debt Repaid	-14.77	-15.97	-15.18	-
Net Debt Issued (Repaid)	-14.77	-15.97	-15.18	-
Common Dividends Paid	-	-62.78	-78.48	-78.48
Other Financing Activities	9.57	-35.58	20.5	-13.54
Financing Cash Flow	-5.2	-114.33	-73.16	-92.02
Foreign Exchange Rate Adjustments	0	-	-	-
Net Cash Flow	26.29	-79.05	-132.69	-202.32
Free Cash Flow	14.34	-43.92	-58.85	-108.14
Free Cash Flow Margin	1.20%	-3.81%	-5.49%	-9.37%
Free Cash Flow Per Share	0.05	-0.14	-0.19	-0.34
Cash Income Tax Paid	69.85	72.31	60.06	90.77
Levered Free Cash Flow	-9.9	-22.66	-119.64	-121.8
Unlevered Free Cash Flow	-8.57	-21.35	-118.39	-120.45
Change in Working Capital	-159.18	-220.63	-254.4	-127.7

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