Phoenix Shipping (Wuhan) 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	-38.14	-43.95	-82.7	-8.7	36.23	96.18
Depreciation & Amortization	22.95	22.95	30.49	26.4	26.73	23.51
Other Amortization	0.6	0.6	-	-	-	-
Loss (Gain) From Sale of Assets	63.1	63.1	-1.33	-0.55	-	-0.45
Asset Writedown & Restructuring Costs	-	-	45.5	0.02	0.01	-1.34
Loss (Gain) From Sale of Investments	-0.07	-0.07	-	-	-	-0
Provision & Write-off of Bad Debts	-	-	-	-	2.44	1.37
Other Operating Activities	19.71	1.8	-1.82	2.34	4.29	3.76
Change in Accounts Receivable	-7.24	-7.24	21.53	-25.89	89.37	-47.57
Change in Inventory	-0.7	-0.7	1.88	2.18	-4.8	-3.44
Change in Accounts Payable	0.12	0.12	25.49	-43.91	-63.82	17.22
Change in Other Net Operating Assets	-0.81	-0.81	1.37	-4.11	-	-
Operating Cash Flow	59.3	35.59	40.73	-51.86	90.1	90.63
Operating Cash Flow Growth	530.24%	-12.63%	-	-	-0.59%	226.98%
Capital Expenditures	-0.34	-3.31	-6.29	-1.3	-0.31	-117.76
Sale of Property, Plant & Equipment	51.65	53.15	1.6	0.66	0.01	2.07
Investment in Securities	-25.93	-45	-	-	-	-
Other Investing Activities	1	-	-	-	-	0
Investing Cash Flow	26.38	4.84	-4.69	-0.64	-0.3	-115.69
Short-Term Debt Issued	-	78.37	14.1	40	40	20
Long-Term Debt Issued	-	-	-	-	-	46.75
Total Debt Issued	57.37	78.37	14.1	40	40	66.75
Short-Term Debt Repaid	-	-39.1	-20	-60	-20	-25
Long-Term Debt Repaid	-	-6.3	-7.58	-2.31	-32.04	-12.07
Total Debt Repaid	-55.39	-45.39	-27.58	-62.31	-52.04	-37.07
Net Debt Issued (Repaid)	1.97	32.97	-13.49	-22.31	-12.04	29.68
Common Dividends Paid	-0.74	-0.32	-0.51	-1.36	-1.34	-1.52
Other Financing Activities	-0	-	-	-10.72	-	-
Financing Cash Flow	-8.78	32.65	-14	-34.38	-13.38	28.16
Foreign Exchange Rate Adjustments	-2.15	-1.64	0.44	0.77	0.92	-0.14
Net Cash Flow	74.75	71.44	22.49	-86.12	77.34	2.96
Free Cash Flow	58.96	32.28	34.45	-53.16	89.78	-27.13
Free Cash Flow Growth	9168.49%	-6.30%	-	-	-	-
Free Cash Flow Margin	7.07%	4.28%	3.88%	-5.25%	8.62%	-2.90%
Free Cash Flow Per Share	0.06	0.03	0.03	-0.05	0.09	-0.03
Cash Income Tax Paid	10.91	8.68	6.11	9.96	7.36	27.68
Levered Free Cash Flow	60.19	40.46	45.32	-47.95	88.94	-67.68
Unlevered Free Cash Flow	61.32	41.58	46.49	-46.48	91.62	-65.4
Change in Working Capital	-8.84	-8.84	50.6	-71.37	20.4	-32.41

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