Chongqing Fenghwa Group 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	9.91	8.76	4.24	-8.06	-2.84	1.46
Depreciation & Amortization	7.57	7.57	7.95	8.85	7.04	5.22
Other Amortization	5	5	3.17	2.92	1.76	2.42
Loss (Gain) From Sale of Assets	-0.5	-0.5	0.08	0.13	-	-0.17
Asset Writedown & Restructuring Costs	3.18	3.18	1.25	2.34	1.29	0.86
Loss (Gain) From Sale of Investments	-13.39	-13.39	-15.2	-15.7	-17.61	-19.97
Provision & Write-off of Bad Debts	0.07	0.07	0.39	0.06	0.44	0.06
Other Operating Activities	79.2	2.68	1.06	1.22	2.63	-0.17
Change in Accounts Receivable	-6.34	-6.34	-43.54	9.68	-51.72	-5.65
Change in Inventory	11.53	11.53	1.13	-2.96	-15.77	3.07
Change in Accounts Payable	-33.34	-33.34	14.11	1.04	17.14	-2.16
Change in Other Net Operating Assets	-	-	-	-	-	-0.19
Operating Cash Flow	60.44	-17.24	-22.7	1.94	-56.65	-15.69
Capital Expenditures	-16.67	-2.96	-8.16	-7.24	-12.29	-3.37
Sale of Property, Plant & Equipment	0.91	1.54	0.05	0.07	-	0
Cash Acquisitions	43.24	43.24	-	-	-6.22	-
Divestitures	-0.65	-0.65	-	-	-	-
Investment in Securities	-44.92	-26.53	25.5	22.2	52.2	-5.63
Other Investing Activities	12.13	52.77	2.19	-1.89	4.64	22.12
Investing Cash Flow	-5.95	67.42	19.58	13.14	38.33	13.12
Short-Term Debt Issued	-	9.4	10	-	-	-
Long-Term Debt Issued	-	-	-	-	12.9	-
Total Debt Issued	3.27	9.4	10	-	12.9	-
Short-Term Debt Repaid	-	-	-5.6	-	-	-
Long-Term Debt Repaid	-	-1.43	-0.58	-6.12	-5.17	-
Total Debt Repaid	-1.43	-1.43	-6.18	-6.12	-5.17	-
Net Debt Issued (Repaid)	1.84	7.97	3.82	-6.12	7.73	-
Common Dividends Paid	-1.52	-1.88	-0.09	-0.41	-0.27	-
Other Financing Activities	0.57	1.64	-	-	-	-
Financing Cash Flow	0.89	7.73	3.73	-6.53	7.46	-
Foreign Exchange Rate Adjustments	1.24	-	-	-	-	-
Net Cash Flow	56.62	57.91	0.61	8.56	-10.86	-2.57
Free Cash Flow	43.77	-20.2	-30.87	-5.3	-68.94	-19.06
Free Cash Flow Margin	7.87%	-10.70%	-19.54%	-3.48%	-43.90%	-31.80%
Free Cash Flow Per Share	0.18	-0.10	-0.14	-0.02	-0.30	-0.09
Cash Income Tax Paid	-	13.65	8.15	1.08	5.62	9.42
Levered Free Cash Flow	393.52	457.58	-524.53	-4.03	-58.92	-7.38
Unlevered Free Cash Flow	393.6	457.67	-524.33	-3.56	-58.64	-7.38
Change in Working Capital	-30.61	-30.61	-25.64	10.18	-49.37	-5.4

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