Huayi Brothers Media Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-341.79	-284.61	-538.83	-981.14	-246.24
Depreciation & Amortization	81.22	87.36	114.24	136.63	153.21
Other Amortization	6.88	5.77	8.44	9.28	10.34
Loss (Gain) From Sale of Assets	-51.92	0.67	0.42	-3.67	-0.44
Asset Writedown & Restructuring Costs	177.48	12.59	0.46	177.03	218.58
Loss (Gain) From Sale of Investments	-54.5	90.99	296.95	274.93	-481.75
Provision & Write-off of Bad Debts	-	-5.08	-2.44	-24.66	-1.85
Other Operating Activities	83.2	171.48	253.71	133.42	337.83
Change in Accounts Receivable	10.15	287.24	-137.36	500.51	-151.15
Change in Inventory	-17.22	-172.31	164.51	-67.37	70.33
Change in Accounts Payable	-14.93	-230.12	-81.1	-310.76	326.88
Change in Other Net Operating Assets	11.53	2.84	-	-	-
Operating Cash Flow	-26.92	-32.25	82.83	-90.51	234.41
Operating Cash Flow Growth	-	-	-	-	-4.86%
Capital Expenditures	-10.62	-19.35	-4.4	-13.44	-45.83
Sale of Property, Plant & Equipment	0.05	98.11	0.08	0.02	0.09
Divestitures	-	-	0.88	-	104.94
Investment in Securities	348.32	31.18	64.51	232.23	1,530
Other Investing Activities	-2.02	-51.95	0.23	15.93	183.67
Investing Cash Flow	335.73	57.99	61.3	234.74	1,772
Long-Term Debt Issued	214.3	514	489	648	525.23
Long-Term Debt Repaid	-422.75	-635.73	-684.92	-937.81	-2,136
Net Debt Issued (Repaid)	-208.45	-121.73	-195.92	-289.81	-1,611
Repurchase of Common Stock	-	-	-	-	-18.14
Common Dividends Paid	-23.94	-43.25	-48.78	-53.98	-142.44
Other Financing Activities	-96.59	10.73	17.06	-90.8	-211
Financing Cash Flow	-328.98	-154.25	-227.65	-434.59	-1,983
Foreign Exchange Rate Adjustments	0.62	-0.09	-1.49	12.04	-3.34
Net Cash Flow	-19.55	-128.61	-85.01	-278.32	21.04
Free Cash Flow	-37.54	-51.6	78.43	-103.95	188.59
Free Cash Flow Growth	-	-	-	-	-17.53%
Free Cash Flow Margin	-12.12%	-11.09%	11.77%	-25.84%	13.48%
Free Cash Flow Per Share	-0.01	-0.02	0.03	-0.04	0.07
Cash Income Tax Paid	10.42	25.66	29.88	-9.21	53.71
Levered Free Cash Flow	-141.8	452.14	118.61	-261.05	234.94
Unlevered Free Cash Flow	-141.8	514.41	196.02	-180.19	374.9
Change in Working Capital	72.51	-111.4	-50.13	187.66	244.74

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