SHE:301668 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 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	112.34	111.29	87.41	68.76	50.94	33.81
Depreciation & Amortization	4.31	4.31	4.02	3.66	2.52	1.6
Other Amortization	0.83	0.83	0.5	0.54	0.44	1.02
Loss (Gain) From Sale of Assets	-0.21	-0.21	-0	-	-	0.03
Asset Writedown & Restructuring Costs	0.01	0.01	0	0.01	0	0.01
Loss (Gain) From Sale of Investments	-	-	-	-0.26	-0.68	-0.22
Provision & Write-off of Bad Debts	1.33	1.33	4.22	3.38	0.84	2.37
Other Operating Activities	49.25	2.33	2.64	2.08	2.16	0.79
Change in Accounts Receivable	-32.69	-32.69	-26.95	-77.76	32.75	-31.11
Change in Inventory	59.73	59.73	-84.46	15.9	-44.47	-51.52
Change in Accounts Payable	-53.77	-53.77	111.18	11.61	15.72	49.86
Change in Other Net Operating Assets	2.63	2.63	2.74	3.25	4.17	-0.95
Operating Cash Flow	144.59	96.62	100.53	30.2	63.6	5.65
Operating Cash Flow Growth	113.05%	-3.89%	232.83%	-52.51%	1025.98%	-
Capital Expenditures	-16.11	-17.65	-5.02	-5.03	-13.55	-12.17
Sale of Property, Plant & Equipment	-	0.28	0.01	-	-	-
Investment in Securities	-60	-	-	-	8.5	7.5
Other Investing Activities	0.33	-	-	0.26	0.81	0.13
Investing Cash Flow	-75.78	-17.37	-5.01	-4.77	-4.24	-4.54
Short-Term Debt Issued	-	68	27.85	34.66	25.3	19
Total Debt Issued	19.5	68	27.85	34.66	25.3	19
Short-Term Debt Repaid	-	-76.2	-27.71	-23.65	-23.75	-12
Long-Term Debt Repaid	-	-1.08	-1	-0.89	-0.82	-
Total Debt Repaid	-40.08	-77.28	-28.71	-24.54	-24.57	-12
Net Debt Issued (Repaid)	-20.58	-9.28	-0.86	10.12	0.73	7
Issuance of Common Stock	545.99	-	-	-	9.45	-
Common Dividends Paid	-0.2	-0.46	-0.75	-0.92	-	-
Other Financing Activities	0.53	-	-	-0.16	-0.7	-0.79
Financing Cash Flow	525.73	-9.75	-1.61	9.04	9.48	6.21
Net Cash Flow	594.55	69.5	93.9	34.48	68.85	7.31
Free Cash Flow	128.49	78.97	95.51	25.18	50.05	-6.52
Free Cash Flow Growth	135.29%	-17.31%	279.36%	-49.70%	-	-
Free Cash Flow Margin	14.49%	9.11%	14.21%	4.50%	13.14%	-2.38%
Free Cash Flow Per Share	1.56	0.96	1.16	0.31	0.61	-0.08
Cash Interest Paid	-	-	-	-	0.48	0.61
Cash Income Tax Paid	56.13	55.26	47.71	21.15	20.28	18.09
Levered Free Cash Flow	-	45.96	74.04	4.53	30.94	-
Unlevered Free Cash Flow	-	46.3	74.53	5.11	31.24	-
Change in Working Capital	-23.26	-23.26	1.76	-47.97	7.38	-33.75

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