SHE:301687 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	129.99	115.7	83.28	81.51	83.5	88.75
Depreciation & Amortization	17.85	16.43	12.95	9.44	8.58	4.24
Other Amortization	2.16	2.01	1.26	1.16	0.94	1.37
Loss (Gain) From Sale of Assets	-0.05	-0.04	-	-	-0.02	0
Asset Writedown & Restructuring Costs	10.86	10.85	2.63	1.2	1.22	0.8
Loss (Gain) From Sale of Investments	-1.84	-0.17	-	-	-0.46	-0.71
Provision & Write-off of Bad Debts	0.64	3.29	3.09	-0.97	0.05	2.02
Other Operating Activities	-6.84	-0.26	0.18	-0.54	0.47	1
Change in Accounts Receivable	-43.01	-82.38	-92.52	26.6	-12.92	-46.41
Change in Inventory	-7.87	-14.42	-6.07	-26.24	-14.55	-12.62
Change in Accounts Payable	11.62	14.48	54.35	12.2	-0.29	11.89
Change in Other Net Operating Assets	1.61	1.62	1.66	0.56	-	-
Operating Cash Flow	114.74	65.11	59.77	106.24	66.32	50.04
Operating Cash Flow Growth	597.58%	8.92%	-43.74%	60.20%	32.53%	-
Capital Expenditures	-10.91	-11.78	-17.11	-63.3	-81.04	-14.95
Sale of Property, Plant & Equipment	0.06	0.07	-	-	0.03	0.11
Investment in Securities	57.12	-70	-	-	-	26.3
Other Investing Activities	2.17	0.44	-	-	0.46	0.71
Investing Cash Flow	48.44	-81.27	-17.11	-63.3	-80.55	12.17
Short-Term Debt Issued	-	0.02	-	-	-	-
Total Debt Issued	-	0.02	-	-	-	-
Short-Term Debt Repaid	-	-0.02	-	-	-	-
Total Debt Repaid	-0.15	-0.02	-	-	-	-
Issuance of Common Stock	-	-	-	208.95	24	-
Common Dividends Paid	-0	-0	-	-195	-25	-
Other Financing Activities	-3.15	-3.56	-4.45	-3.58	-14.23	-5.03
Financing Cash Flow	-3.3	-3.56	-4.45	10.37	-15.23	-5.03
Foreign Exchange Rate Adjustments	0.08	0.36	-0.05	0.52	-0.02	-0.19
Net Cash Flow	159.96	-19.36	38.16	53.82	-29.49	56.99
Free Cash Flow	103.83	53.33	42.66	42.94	-14.72	35.09
Free Cash Flow Growth	2415.70%	25.00%	-0.64%	-	-	-
Free Cash Flow Margin	14.97%	8.12%	8.27%	9.43%	-2.97%	8.57%
Free Cash Flow Per Share	0.94	0.48	0.39	0.47	-0.22	-
Cash Income Tax Paid	45.2	38.14	29.81	22.8	33.67	23.08
Levered Free Cash Flow	-	27.09	17.85	-183.18	170.78	-
Unlevered Free Cash Flow	-	27.12	17.87	-183.1	170.94	-
Change in Working Capital	-38.04	-82.69	-43.62	14.44	-27.98	-47.44

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