SHE:301683 Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	206.79	145.79	108.56	30.09
Depreciation & Amortization	26.65	25.36	26.22	25.81
Other Amortization	0.87	0.75	1.12	0.82
Loss (Gain) From Sale of Assets	0.04	-0.37	-5.08	-0.05
Asset Writedown & Restructuring Costs	0.21	0.3	0.79	0.14
Loss (Gain) From Sale of Investments	-0.23	-1.18	-10.81	-2.84
Provision & Write-off of Bad Debts	-0.19	3.48	3.51	-0.63
Other Operating Activities	3.65	0.94	9.81	12.35
Change in Accounts Receivable	-59.94	-49.01	-86.7	-27.98
Change in Inventory	-11.34	-2.65	5.58	-13.97
Change in Accounts Payable	11.27	23.72	36.02	-2
Change in Other Net Operating Assets	7.03	1.63	7.56	8.99
Operating Cash Flow	185.12	153.75	101.64	31.44
Operating Cash Flow Growth	20.40%	51.27%	223.28%	-
Capital Expenditures	-87.05	-85.02	-14.11	-20.49
Sale of Property, Plant & Equipment	0.09	3.67	0.02	0.12
Divestitures	-	4.42	5.18	-
Investment in Securities	-50	93.71	-67.77	2
Other Investing Activities	0.92	-1.23	5.63	3.05
Investing Cash Flow	-136.04	15.56	-71.06	-15.32
Long-Term Debt Issued	-	-	-	35
Short-Term Debt Repaid	-	-	-9	-22.61
Long-Term Debt Repaid	-	-0.78	-52.55	-42.23
Total Debt Repaid	-	-0.78	-61.55	-64.84
Net Debt Issued (Repaid)	-	-0.78	-61.55	-29.84
Issuance of Common Stock	-	-	64.9	-
Common Dividends Paid	-34.56	-15.15	-17.36	-18.73
Other Financing Activities	-17.08	-	13.74	9.3
Financing Cash Flow	-51.64	-15.93	-0.27	-39.27
Foreign Exchange Rate Adjustments	0	0.23	0.03	0.41
Net Cash Flow	-2.56	153.61	30.35	-22.73
Free Cash Flow	98.07	68.74	87.53	10.95
Free Cash Flow Growth	42.68%	-21.47%	699.28%	-
Free Cash Flow Margin	9.95%	8.41%	12.20%	1.65%
Free Cash Flow Per Share	2.07	1.45	1.91	-
Cash Income Tax Paid	92.72	54.53	41.99	21.84
Levered Free Cash Flow	30.02	20.73	27.8	-
Unlevered Free Cash Flow	30.08	20.73	29.44	-
Change in Working Capital	-52.66	-21.31	-32.49	-34.24

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