SHE:000783 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	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	3,696	1,835	1,548	1,509	2,410	Upgrade
Depreciation & Amortization, Total	339.98	303.58	318.81	305.96	281.13	Upgrade
Gain (Loss) On Sale of Investments	-713.1	-371.63	-1,237	454.95	-768.07	Upgrade
Change in Accounts Receivable	-15,766	-4,661	-562.64	6,331	-753.29	Upgrade
Change in Accounts Payable	22,642	3,403	11,048	-2,445	10,966	Upgrade
Change in Other Net Operating Assets	-	-	-0.79	70.74	50	Upgrade
Other Operating Activities	925.89	1,152	1,471	1,678	1,850	Upgrade
Operating Cash Flow	1,960	18,670	4,670	2,322	9,001	Upgrade
Capital Expenditures	-157.51	-245.95	-254.28	-240.98	-1,143	Upgrade
Investment in Securities	173.42	-86.63	-300.51	-1,364	194.16	Upgrade
Other Investing Activities	87.56	114.08	113.05	93.71	284.81	Upgrade
Investing Cash Flow	104.59	-217.99	-439.73	-1,511	-663.45	Upgrade
Long-Term Debt Issued	39,676	21,448	22,732	22,760	35,589	Upgrade
Long-Term Debt Repaid	-29,288	-26,395	-25,668	-22,931	-32,590	Upgrade
Net Debt Issued (Repaid)	10,388	-4,948	-2,937	-171.02	2,999	Upgrade
Issuance of Common Stock	1,499	1,999	2,500	-	-	Upgrade
Common Dividends Paid	-2,004	-2,235	-2,106	-3,141	-2,343	Upgrade
Other Financing Activities	-162.38	-2.9	-11.77	-9.34	-3.87	Upgrade
Financing Cash Flow	9,721	-5,186	-2,554	-3,321	651.86	Upgrade
Foreign Exchange Rate Adjustments	-8.58	5.15	5.59	49.7	-35.01	Upgrade
Net Cash Flow	11,777	13,271	1,681	-2,461	8,954	Upgrade
Free Cash Flow	1,803	18,424	4,416	2,081	7,858	Upgrade
Free Cash Flow Growth	-90.22%	317.23%	112.23%	-73.52%	-	Upgrade
Free Cash Flow Margin	17.09%	273.16%	64.72%	33.02%	91.90%	Upgrade
Free Cash Flow Per Share	0.31	3.33	0.70	0.33	1.26	Upgrade
Cash Interest Paid	-	1,353	1,602	1,593	1,942	Upgrade
Cash Income Tax Paid	-	541.04	710.73	1,041	1,635	Upgrade

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