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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-25.98	-16.56	8.76	4.24	-8.06	-2.84
Depreciation & Amortization	31.7	31.7	7.57	7.95	8.85	7.04
Other Amortization	5.36	5.36	5	3.17	2.92	1.76
Loss (Gain) From Sale of Assets	-0.2	-0.2	-0.5	0.08	0.13	-
Asset Writedown & Restructuring Costs	10.94	10.94	3.18	1.25	2.34	1.29
Loss (Gain) From Sale of Investments	-12.35	-12.35	-13.39	-15.2	-15.7	-17.61
Provision & Write-off of Bad Debts	-	-	0.07	0.39	0.06	0.44
Other Operating Activities	-65.56	1.75	2.68	1.06	1.22	2.63
Change in Accounts Receivable	39.74	39.74	-6.34	-43.54	9.68	-51.72
Change in Inventory	-12.87	-12.87	11.53	1.13	-2.96	-15.77
Change in Accounts Payable	64.36	64.36	-33.34	14.11	1.04	17.14
Operating Cash Flow	30.63	107.37	-17.24	-22.7	1.94	-56.65
Operating Cash Flow Growth	81.37%	-	-	-	-	-
Capital Expenditures	-16.57	-13.83	-2.96	-8.16	-7.24	-12.29
Sale of Property, Plant & Equipment	1.68	1.53	1.54	0.05	0.07	-
Cash Acquisitions	-	-	43.24	-	-	-6.22
Divestitures	-	-	-0.65	-	-	-
Investment in Securities	44.33	-29.32	-26.53	25.5	22.2	52.2
Other Investing Activities	8.22	7.71	52.77	2.19	-1.89	4.64
Investing Cash Flow	37.66	-33.91	67.42	19.58	13.14	38.33
Short-Term Debt Issued	-	-	9.4	10	-	-
Long-Term Debt Issued	-	0.37	-	-	-	12.9
Total Debt Issued	-	0.37	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	-6.18	-6.12	-5.17
Net Debt Issued (Repaid)	-	0.37	7.97	3.82	-6.12	7.73
Common Dividends Paid	-0.07	-0.07	-1.88	-0.09	-0.41	-0.27
Other Financing Activities	-3.99	-3.31	1.64	-	-	-
Financing Cash Flow	-4.06	-3	7.73	3.73	-6.53	7.46
Foreign Exchange Rate Adjustments	-0.66	1	-	-	-	-
Net Cash Flow	63.57	71.46	57.91	0.61	8.56	-10.86
Free Cash Flow	14.06	93.55	-20.2	-30.87	-5.3	-68.94
Free Cash Flow Margin	2.34%	15.16%	-10.70%	-19.54%	-3.48%	-43.90%
Free Cash Flow Per Share	0.07	0.42	-0.10	-0.14	-0.02	-0.30
Cash Income Tax Paid	-	-20.56	13.65	8.15	1.08	5.62
Levered Free Cash Flow	235.56	315.28	457.58	-524.53	-4.03	-58.92
Unlevered Free Cash Flow	235.56	315.28	457.67	-524.33	-3.56	-58.64
Change in Working Capital	86.73	86.73	-30.61	-25.64	10.18	-49.37

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