SHE:000712 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	2019 - 2015
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020	2019 - 2015
Net Income	158.9	-89.23	-384.09	-392.1	-131.44	66.08	Upgrade
Depreciation & Amortization, Total	59.13	59.13	64.22	81.43	99.94	29.32	Upgrade
Gain (Loss) On Sale of Investments	-485.33	-485.33	-177.39	-51.68	-8.07	-78.77	Upgrade
Change in Accounts Receivable	20.09	20.09	-185.95	749.86	-2.9	293.2	Upgrade
Change in Accounts Payable	4,236	4,236	-2,792	1,606	-4,341	-2,306	Upgrade
Other Operating Activities	-623.89	634.41	550.59	492.7	478.61	677.9	Upgrade
Operating Cash Flow	2,255	3,265	-549.41	-165.49	-2,461	3,532	Upgrade
Capital Expenditures	-67.7	-100.29	-83.07	-95.58	-93.73	-92.55	Upgrade
Investment in Securities	2,392	120	81.62	-	15.45	-	Upgrade
Other Investing Activities	-29.91	0.11	0.12	0.11	80.77	60.65	Upgrade
Investing Cash Flow	2,294	19.97	-1.34	-95.46	2.57	-31.9	Upgrade
Long-Term Debt Issued	-	4,010	6,827	1,566	7,711	4,155	Upgrade
Long-Term Debt Repaid	-	-5,008	-6,427	-1,367	-6,281	-5,465	Upgrade
Net Debt Issued (Repaid)	-2,267	-998.17	400.6	198.11	1,431	-1,310	Upgrade
Issuance of Common Stock	-	-	-	10	-	-	Upgrade
Common Dividends Paid	-592.43	-231.17	-481.96	-541.13	-474.32	-486.15	Upgrade
Other Financing Activities	-50.83	-50.13	312.5	-124.45	7.1	10.03	Upgrade
Financing Cash Flow	-2,911	-1,279	231.14	-457.48	963.48	-1,786	Upgrade
Foreign Exchange Rate Adjustments	0.46	0.67	0.54	2.94	-0.84	-2.17	Upgrade
Net Cash Flow	1,638	2,006	-319.05	-715.49	-1,496	1,712	Upgrade
Free Cash Flow	2,187	3,164	-632.48	-261.07	-2,554	3,440	Upgrade
Free Cash Flow Growth	5.23%	-	-	-	-	42.11%	Upgrade
Free Cash Flow Margin	267.94%	476.98%	-345.57%	-113.27%	-255.76%	208.47%	Upgrade
Free Cash Flow Per Share	2.45	3.55	-0.71	-0.29	-2.92	3.64	Upgrade
Cash Interest Paid	237.18	193.41	183.18	272.85	428	575.11	Upgrade
Cash Income Tax Paid	69.53	58.4	83.34	174.1	214.27	367.08	Upgrade

Source: S&P Capital IQ. Capital Markets template. Financial Sources.