Lucky Film Company 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	-88.14	-62.26	-46.66	60.34	54.34
Depreciation & Amortization	90.72	84.71	91.16	72.14	68.29
Other Amortization	1.06	1.63	0.75	0.71	1.29
Loss (Gain) From Sale of Assets	-0.09	0.05	-0.12	1.14	-0.51
Asset Writedown & Restructuring Costs	3.93	0.12	35.21	0.09	0.83
Loss (Gain) From Sale of Investments	-2.65	-11.29	-22.3	-20.82	-17.35
Provision & Write-off of Bad Debts	-	8.13	3.05	2.68	3.72
Other Operating Activities	1.12	17.8	26.75	7.74	8.11
Change in Accounts Receivable	70.04	102.52	151.31	-105.87	104.45
Change in Inventory	-12.17	118.57	98.1	-30.19	-110.94
Change in Accounts Payable	3.67	-116.54	-186.01	207.84	-22.63
Operating Cash Flow	68.51	143.71	150.92	195.96	91.19
Operating Cash Flow Growth	-52.32%	-4.78%	-22.98%	114.89%	5.42%
Capital Expenditures	-138.44	-192.93	-196.85	-52.83	-43
Sale of Property, Plant & Equipment	0.02	0.07	0.1	1.24	0.7
Investment in Securities	82.52	7.3	433.1	-21.5	-63.6
Other Investing Activities	9.54	10.75	23.6	23.7	14.83
Investing Cash Flow	-46.36	-174.81	259.95	-49.39	-91.07
Short-Term Debt Issued	-	85	261.89	166.89	120
Long-Term Debt Issued	11.29	-	-	-	-
Total Debt Issued	11.29	85	261.89	166.89	120
Short-Term Debt Repaid	-	-296.89	-191.89	-108.38	-43.89
Long-Term Debt Repaid	-25	-3.07	-6.86	-5.13	-5.56
Total Debt Repaid	-25	-299.96	-198.75	-113.51	-49.45
Net Debt Issued (Repaid)	-13.71	-214.96	63.14	53.38	70.55
Issuance of Common Stock	-	60	1	50	-
Common Dividends Paid	-1.09	-3.21	-21.68	-19.76	-15.69
Other Financing Activities	51.05	-279.22	-10.51	-4.73	1.22
Financing Cash Flow	36.25	-437.38	31.95	78.89	56.09
Foreign Exchange Rate Adjustments	0.08	2.9	1.94	0.6	-0.43
Net Cash Flow	58.49	-465.58	444.76	226.06	55.78
Free Cash Flow	-69.93	-49.22	-45.93	143.13	48.19
Free Cash Flow Growth	-	-	-	197.00%	78.50%
Free Cash Flow Margin	-5.30%	-3.31%	-2.17%	6.56%	2.16%
Free Cash Flow Per Share	-0.13	-0.09	-0.08	0.26	0.09
Cash Income Tax Paid	18.2	44.43	40.82	33.78	75.81
Levered Free Cash Flow	38.24	-311.2	233.19	118.94	69.2
Unlevered Free Cash Flow	38.24	-309.39	236.42	122.92	73.15
Change in Working Capital	62.57	104.81	63.08	71.93	-27.53

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