China Television Media 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	-77.45	43.85	237.27	-64.91	-2.09	-107.07
Depreciation & Amortization	44.87	44.87	47.91	47.43	43.83	21.54
Other Amortization	3.14	3.14	3.35	3.96	3.54	2.39
Loss (Gain) From Sale of Assets	-1.43	-1.43	-0.23	-0.16	-	0.72
Asset Writedown & Restructuring Costs	1.45	1.45	1.23	0.08	0.92	-
Loss (Gain) From Sale of Investments	-22.26	-22.26	-204.17	-8.03	-14.74	-9.01
Provision & Write-off of Bad Debts	-0.66	-0.66	0.29	0.21	15.92	-5.34
Other Operating Activities	107.45	9.02	8.39	4.85	24	8.2
Change in Accounts Receivable	-51.29	-51.29	47.48	-76.17	-46.31	78.54
Change in Inventory	17.55	17.55	-17.48	20.84	-37.86	41.53
Change in Accounts Payable	33.36	33.36	-100.32	8.22	-41.14	88.79
Change in Other Net Operating Assets	-0.35	-0.35	0.34	-4.18	-0	-0.23
Operating Cash Flow	70.07	92.93	31.13	-89.22	-79.37	79.15
Operating Cash Flow Growth	293.53%	198.54%	-	-	-	3.69%
Capital Expenditures	-11.42	-17.78	-23.84	-21.52	-30.03	-41.25
Sale of Property, Plant & Equipment	4.18	0.31	0.1	0.23	0.13	0.07
Investment in Securities	32.74	2.73	5.31	10.24	1.6	-2.8
Other Investing Activities	22.05	19.02	10.7	8.06	13.75	12.17
Investing Cash Flow	47.55	4.27	-7.74	-2.99	-14.56	-31.81
Long-Term Debt Issued	-	45	50	-	-	-
Long-Term Debt Repaid	-	-58.68	-67.17	-14.61	-16.25	-
Net Debt Issued (Repaid)	-57.37	-13.68	-17.17	-14.61	-16.25	-
Common Dividends Paid	-18.88	-13.8	-5.52	-3.7	-5.66	-27.84
Other Financing Activities	-	-	-0.37	-	-	-
Financing Cash Flow	-76.25	-27.48	-23.06	-18.31	-21.91	-27.84
Net Cash Flow	41.37	69.72	0.33	-110.51	-115.84	19.5
Free Cash Flow	58.65	75.15	7.28	-110.74	-109.41	37.9
Free Cash Flow Growth	-	931.65%	-	-	-	-27.45%
Free Cash Flow Margin	5.24%	6.61%	0.65%	-9.63%	-9.21%	4.87%
Free Cash Flow Per Share	0.15	0.19	0.02	-0.28	-0.26	0.10
Cash Income Tax Paid	45.84	44.13	34.79	58.27	34.72	36.76
Levered Free Cash Flow	-5.99	51.05	-14.86	-90.62	-90.48	95.55
Unlevered Free Cash Flow	48.36	54.21	-11.38	-86.91	-86.55	95.55
Change in Working Capital	14.96	14.96	-62.91	-72.65	-150.74	167.72

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