Huawen Media 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Net Income	-704.74	-708.24	-1,100	-683.49	13.43	-2,091
Depreciation & Amortization	29.37	29.37	37.05	32.02	31.28	40.81
Other Amortization	23.24	23.24	17.03	15.51	18.34	19.45
Loss (Gain) From Sale of Assets	-0.44	-0.44	0.39	-0.08	-0.43	-3.6
Asset Writedown & Restructuring Costs	194.95	194.95	422.08	117.55	-101.33	1,533
Loss (Gain) From Sale of Investments	230.2	230.2	564.95	457.33	-272.14	200
Provision & Write-off of Bad Debts	106.4	106.4	19.89	22.62	26.92	73.5
Other Operating Activities	20.99	76.65	110.48	-11.26	299.67	306.06
Change in Accounts Receivable	58.96	58.96	151.16	-60.77	-92.97	628.54
Change in Inventory	0.42	0.42	3.58	105.51	37.54	37.88
Change in Accounts Payable	-57.62	-57.62	43.28	-135.93	-119.91	-714.03
Operating Cash Flow	-77.05	-24.9	205.07	-133.28	-114.09	-101.62
Capital Expenditures	-5.5	-7.31	-51.32	-49.72	-66.73	-93.56
Sale of Property, Plant & Equipment	1.62	2.82	6.76	0.89	7.12	193.13
Cash Acquisitions	-	-	-	-11	-48.35	-25.12
Divestitures	6.48	22.45	27.38	201.94	367.14	871.03
Investment in Securities	27.75	39.74	62.8	160.31	2,196	104.51
Other Investing Activities	2.61	4.47	10.98	2.7	37.85	27.7
Investing Cash Flow	32.96	62.17	56.6	305.12	2,493	1,078
Long-Term Debt Issued	-	10.2	760.41	535.05	203.37	995.71
Long-Term Debt Repaid	-	-34.83	-1,191	-658	-2,517	-1,368
Net Debt Issued (Repaid)	92.16	-24.63	-430.12	-122.95	-2,313	-371.94
Common Dividends Paid	-7.77	-40.09	-101.72	-110.83	-164.33	-352.81
Other Financing Activities	7.33	-	35.3	-31.9	-65.27	-149.92
Financing Cash Flow	91.73	-64.71	-496.54	-265.68	-2,543	-874.67
Foreign Exchange Rate Adjustments	0.01	0.02	0.01	0.01	-0	-0
Net Cash Flow	47.64	-27.42	-234.86	-93.83	-163.75	101.39
Free Cash Flow	-82.55	-32.2	153.75	-183	-180.82	-195.18
Free Cash Flow Margin	-24.34%	-9.59%	27.13%	-31.56%	-17.91%	-6.57%
Free Cash Flow Per Share	-0.04	-0.02	0.08	-0.09	-0.09	-0.10
Cash Income Tax Paid	16.38	19.63	29.11	-8.83	56.02	110.73
Levered Free Cash Flow	20.38	187.38	68.04	445.05	208.85	122.3
Unlevered Free Cash Flow	74.97	241.43	128.28	513.93	327.57	317.25
Change in Working Capital	22.97	22.97	132.99	-83.49	-129.83	-179.86

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