Far East Horizon 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
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
Net Income	3,889	8,021	6,300	6,379	5,896
Depreciation & Amortization	3,632	3,558	2,947	3,063	2,289
Other Amortization	-67.46	77.06	160.83	52.54	45.82
Loss (Gain) From Sale of Investments	-663.96	-497.85	-548.53	131.58	-694.94
Asset Writedown & Restructuring Costs	65.41	-	-512.64	458.79	1,714
Provision for Credit Losses	1,020	1,055	477.31	1,568	1,163
Loss (Gain) on Equity Investments	-382.81	-260.91	-269.29	-244.03	-661.72
Stock-Based Compensation	219.01	204.56	233.15	246.37	99.76
Change in Accounts Payable	-104.39	-1,645	-4,377	95.87	5,947
Change in Other Net Operating Assets	-7,542	3,615	-752.73	-18,717	-31,437
Other Operating Activities	1,414	-3,895	162.53	-308.9	1,139
Operating Cash Flow	1,255	9,966	3,727	-7,686	-14,868
Operating Cash Flow Growth	-87.40%	167.43%	-	-	-
Capital Expenditures	-3,024	-8,412	-2,559	-3,958	-10,459
Sale of Property, Plant & Equipment	1,044	1,924	1,244	909.08	463.08
Cash Acquisitions	-209.53	-81.38	-	14.39	-
Divestitures	373.98	201.58	416.26	114.29	-8.07
Investment in Securities	774.94	2,750	-1,619	874.29	-144.59
Other Investing Activities	79.15	82.68	121.14	280.13	302.98
Investing Cash Flow	-960.74	-3,535	-2,397	-1,766	-9,845
Long-Term Debt Issued	197,062	202,965	205,064	196,226	187,558
Long-Term Debt Repaid	-193,120	-194,692	-202,120	-179,356	-158,778
Net Debt Issued (Repaid)	3,942	8,273	2,944	16,870	28,779
Issuance of Common Stock	263.07	26.19	11.14	2,505	54.78
Repurchase of Common Stock	-	-1,861	-1,568	-7,130	-970
Common Dividends Paid	-2,248	-2,935	-1,988	-1,809	-1,583
Other Financing Activities	-657.49	-9,102	2,192	-823.12	2,235
Financing Cash Flow	1,300	-5,599	1,592	9,611	28,516
Foreign Exchange Rate Adjustments	-5.54	101.97	27.8	84.86	-21.28
Net Cash Flow	1,589	933.98	2,949	244.81	3,782
Free Cash Flow	-1,768	1,554	1,168	-11,644	-25,326
Free Cash Flow Growth	-	33.11%	-	-	-
Free Cash Flow Margin	-5.24%	4.36%	3.19%	-34.17%	-79.94%
Free Cash Flow Per Share	-0.38	0.33	0.24	-2.46	-5.60
Cash Interest Paid	9,431	10,690	11,112	10,057	9,826
Cash Income Tax Paid	3,321	3,703	3,893	4,222	3,533

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.