Shanghai Xinhua 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	43.27	40.46	36.18	8.78	33.41	-291.36
Depreciation & Amortization	86.14	86.14	83.57	74.29	66.27	24.74
Other Amortization	25.86	25.86	8.44	1.57	0.98	7
Loss (Gain) From Sale of Assets	-47.25	-47.25	0.06	-1.28	-0.15	10.02
Asset Writedown & Restructuring Costs	-	-	1.01	-	0.25	262.48
Loss (Gain) From Sale of Investments	32.24	32.24	-31.35	7.31	-26.47	-7.13
Provision & Write-off of Bad Debts	0.64	0.64	-2.17	9.71	-3.13	-0.31
Other Operating Activities	-47.82	2.91	43.59	0.81	19.18	15.18
Change in Accounts Receivable	41.16	41.16	-5.68	231.45	394.23	321.01
Change in Inventory	72.67	72.67	-101.33	-16.52	5.29	32.64
Change in Accounts Payable	-108.12	-108.12	152.89	-71.46	35.34	-10.05
Operating Cash Flow	96.86	144.78	187.13	243.83	525.94	366.27
Operating Cash Flow Growth	-30.89%	-22.63%	-23.26%	-53.64%	43.59%	-
Capital Expenditures	-44.47	-127.82	-128.49	-152.08	-6.49	-6.16
Sale of Property, Plant & Equipment	0.21	47.67	0.04	0.4	0.67	0.37
Investment in Securities	123.21	116.38	58.56	210.36	-428.92	-117.33
Other Investing Activities	9.04	18.74	18.49	17.97	22.33	27.89
Investing Cash Flow	87.99	54.97	-51.4	76.65	-412.41	-95.22
Long-Term Debt Repaid	-	-59.57	-63.55	-55.75	-33.18	-
Total Debt Repaid	-59.57	-59.57	-63.55	-55.75	-33.18	-
Net Debt Issued (Repaid)	-59.57	-59.57	-63.55	-55.75	-33.18	-
Common Dividends Paid	-12.53	-13.58	-	-10.44	-	-7.31
Other Financing Activities	2.29	-	-	-	-	-
Financing Cash Flow	-69.82	-73.16	-63.55	-66.19	-33.18	-7.31
Foreign Exchange Rate Adjustments	0.02	0.03	0.02	0.11	-0.03	-0.08
Net Cash Flow	115.05	126.62	72.19	254.41	80.31	263.66
Free Cash Flow	52.39	16.96	58.64	91.76	519.45	360.11
Free Cash Flow Growth	-	-71.08%	-36.09%	-82.34%	44.25%	-
Free Cash Flow Margin	3.61%	1.18%	4.49%	7.29%	40.45%	27.85%
Free Cash Flow Per Share	0.05	0.02	0.05	0.10	0.47	0.35
Cash Income Tax Paid	33.51	20.44	8.5	-3.84	15.11	19.78
Levered Free Cash Flow	-0.01	-52.64	185.4	-79.32	48.13	144.42
Unlevered Free Cash Flow	3.3	-48.35	190.46	-74.26	52.52	144.42
Change in Working Capital	3.77	3.77	47.8	142.65	435.6	345.65

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.