Xinhuanet 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	281.55	233.93	273.5	242.17	210.52	164.94
Depreciation & Amortization	108.38	108.38	135.55	148.28	147.64	68.94
Other Amortization	12.57	12.57	13.74	15.43	15.21	15.4
Loss (Gain) From Sale of Assets	0.51	0.51	1.17	0.04	0	0.08
Asset Writedown & Restructuring Costs	0.18	0.18	0.46	0.85	20.52	8
Loss (Gain) From Sale of Investments	0.74	0.74	0.01	15.82	-76.38	-14.42
Provision & Write-off of Bad Debts	44.54	44.54	52.79	24.08	47.45	76.52
Other Operating Activities	56.42	-6.09	0.74	-1.34	1.64	-5.04
Change in Accounts Receivable	-73.24	-73.24	-0.6	-139.34	-152.68	-19.51
Change in Inventory	2.95	2.95	0.22	1.03	-15.84	0.04
Change in Accounts Payable	10.79	10.79	82.06	225.34	79.39	97.11
Operating Cash Flow	571.19	461.06	458.56	531.31	266.85	380.86
Operating Cash Flow Growth	23.78%	0.55%	-13.69%	99.10%	-29.94%	524.47%
Capital Expenditures	-40.68	-1,024	-30.89	-47.34	-93.06	-127.37
Sale of Property, Plant & Equipment	0.08	0.07	0.73	0.02	0.16	0.71
Investment in Securities	-369.6	-224.61	1,437	-847.63	-44.67	-200.68
Other Investing Activities	-114.61	17.91	34.97	36.77	27.08	37.52
Investing Cash Flow	-524.82	-1,230	1,442	-858.18	-110.5	-289.83
Long-Term Debt Repaid	-	-70.54	-62.25	-67.49	-70.35	-
Net Debt Issued (Repaid)	-70.54	-70.54	-62.25	-67.49	-70.35	-
Common Dividends Paid	-126.44	-165.36	-97.06	-84.6	-66.44	-101.21
Other Financing Activities	-118.09	-44.61	-163.15	22.96	34.39	37.55
Financing Cash Flow	-315.07	-280.52	-322.46	-129.13	-102.39	-63.66
Foreign Exchange Rate Adjustments	1.11	-0.11	0.48	4.39	-2.32	-1.44
Net Cash Flow	-267.59	-1,050	1,578	-451.6	51.64	25.93
Free Cash Flow	530.5	-562.45	427.67	483.97	173.78	253.49
Free Cash Flow Growth	-	-	-11.63%	178.49%	-31.44%	-
Free Cash Flow Margin	23.71%	-26.26%	20.54%	24.94%	10.08%	17.68%
Free Cash Flow Per Share	0.79	-0.83	0.63	0.72	0.26	0.38
Cash Income Tax Paid	98.38	139.52	94.36	66.28	59.41	49.07
Levered Free Cash Flow	154.65	-826.16	276.52	288.09	392.72	396.33
Unlevered Free Cash Flow	156.45	-824.31	278.8	290.5	395.63	396.33
Change in Working Capital	66.29	66.29	-19.39	85.99	-99.76	66.45

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