FRA:3FMA Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	-19.95	-37.43	-76.25	-586.62	-235.48
Depreciation & Amortization	65.62	65.55	61.49	99.14	106.41
Other Amortization	0.35	0.35	-	3.96	0.68
Loss (Gain) From Sale of Assets	6.17	8.03	31.8	37.26	2.23
Asset Writedown & Restructuring Costs	-12.15	0.15	-	310	32.97
Loss (Gain) From Sale of Investments	-	0.22	2.92	-	0.93
Loss (Gain) on Equity Investments	-	-	-	-0.08	1.04
Stock-Based Compensation	-	7.51	27.53	35.46	78.97
Other Operating Activities	28.21	-23.55	29.43	-65.86	-0.32
Change in Accounts Receivable	1.12	-3.97	1.3	3.85	-7.78
Change in Inventory	0.67	12.27	-0.29	-0.8	-8.97
Change in Accounts Payable	5.97	28.02	16.39	4.54	15.97
Change in Unearned Revenue	0.89	23.33	-66.73	228.15	-13.15
Change in Other Net Operating Assets	2.78	-6.2	-102.72	-17.91	25.66
Operating Cash Flow	79.67	74.29	-75.13	51.09	-0.84
Operating Cash Flow Growth	7.25%	-	-	-	-
Capital Expenditures	-30.6	-55.24	-1.6	-33.24	-38.36
Sale of Property, Plant & Equipment	0.07	0.01	-	0.17	0.01
Cash Acquisitions	-	-	-0.64	-7.27	-69.95
Divestitures	-0	0.78	9.51	-1.35	19.99
Sale (Purchase) of Intangibles	-0.19	-0.22	-0.08	-0.21	-6.81
Investment in Securities	-	0.08	-	-	-21.29
Other Investing Activities	0.4	2.34	-4.08	30.38	-10.97
Investing Cash Flow	-30.32	-52.25	3.11	-11.53	-127.37
Long-Term Debt Issued	159.09	98.71	276.31	240.9	312.39
Long-Term Debt Repaid	-218.2	-228.96	-310.06	-272.19	-281.24
Net Debt Issued (Repaid)	-59.11	-130.25	-33.75	-31.29	31.16
Issuance of Common Stock	-	170	94.15	-	-
Repurchase of Common Stock	-	-	-	-	-1.98
Other Financing Activities	-9.44	-10.69	-14.86	-13.94	-11.48
Financing Cash Flow	-68.55	29.06	45.55	-45.24	17.7
Foreign Exchange Rate Adjustments	-0.3	-0.93	-0.67	0.57	0.41
Net Cash Flow	-19.5	50.18	-27.13	-5.1	-110.11
Free Cash Flow	49.07	19.04	-76.72	17.85	-39.2
Free Cash Flow Growth	157.69%	-	-	-	-
Free Cash Flow Margin	6.49%	2.79%	-11.45%	2.77%	-4.35%
Free Cash Flow Per Share	1.03	0.43	-2.81	0.81	-1.80
Cash Interest Paid	8.72	10.15	14.61	12.83	10.54
Cash Income Tax Paid	0.52	0.02	0.63	0.62	6.43
Levered Free Cash Flow	43.49	-6.14	15.2	146.6	-43.55
Unlevered Free Cash Flow	48.94	2.91	28.72	163.62	-25.99
Change in Working Capital	11.43	53.46	-152.04	217.84	11.73

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