GUOMAI Culture & 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	31.66	40.83	53.64	40.8	56.73	40.89
Depreciation & Amortization	17.13	17.13	13.6	13.22	14.52	3.59
Other Amortization	3.11	3.11	1.47	0.85	1.15	1.5
Loss (Gain) From Sale of Assets	0.02	0.02	-0.01	-0.02	-0.01	-0.12
Asset Writedown & Restructuring Costs	19.42	19.42	6.68	-	19.89	14.91
Loss (Gain) From Sale of Investments	-6.35	-6.35	-3.53	3.24	-1.93	-0.11
Provision & Write-off of Bad Debts	0.4	0.4	0.16	0.74	2.47	0.1
Other Operating Activities	24.68	6.18	3.46	22.72	1.43	-0.36
Change in Accounts Receivable	-49.31	-49.31	7.69	-11.26	-18.75	-39.61
Change in Inventory	-31.93	-31.93	-1.1	-2.61	-4.58	1.01
Change in Accounts Payable	91.71	91.71	-16.13	19.3	19.03	7.89
Change in Other Net Operating Assets	2.58	2.58	10.22	16.4	1.37	-
Operating Cash Flow	101.3	91.96	77.46	98.12	87.79	27.66
Operating Cash Flow Growth	1684.00%	18.72%	-21.05%	11.77%	217.45%	-33.76%
Capital Expenditures	-35.29	-30.77	-12.7	-4.49	-4.02	-1.34
Sale of Property, Plant & Equipment	0.07	0.06	0.06	0.04	0.02	0.03
Investment in Securities	-55.3	-6.74	-90.95	15.48	-159.49	-10.25
Other Investing Activities	-10.44	1.06	0.92	1.8	1.35	0.01
Investing Cash Flow	-100.96	-36.39	-102.66	12.83	-162.14	-11.55
Long-Term Debt Issued	-	-	-	-	-	2.01
Total Debt Issued	-	-	-	-	-	2.01
Long-Term Debt Repaid	-	-14.64	-13.3	-11.47	-11.71	-
Total Debt Repaid	-14.64	-14.64	-13.3	-11.47	-11.71	-
Net Debt Issued (Repaid)	-14.64	-14.64	-13.3	-11.47	-11.71	2.01
Issuance of Common Stock	0.19	5.99	5.88	-	122.1	-
Common Dividends Paid	-5.57	-7.36	-5.33	-7.56	-	-0.04
Other Financing Activities	-0.19	-1.06	-	-5.92	-6.41	-3.41
Financing Cash Flow	-20.21	-17.07	-12.75	-24.95	103.98	-1.44
Foreign Exchange Rate Adjustments	0	0.01	0	0.02	-0	-0.01
Net Cash Flow	-19.87	38.51	-37.94	86.02	29.63	14.66
Free Cash Flow	66	61.2	64.76	93.64	83.77	26.32
Free Cash Flow Growth	-	-5.51%	-30.84%	11.78%	218.26%	-31.88%
Free Cash Flow Margin	9.62%	10.51%	13.54%	20.27%	18.16%	7.41%
Free Cash Flow Per Share	0.67	0.62	0.66	0.96	1.04	0.36
Cash Income Tax Paid	4.11	10.17	13.09	12.43	12.24	9.87
Levered Free Cash Flow	50.84	69.48	49.59	87.25	77.61	12.19
Unlevered Free Cash Flow	51.9	70.4	50.4	87.88	78.51	12.22
Change in Working Capital	11.23	11.23	2.01	16.57	-6.44	-32.75

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