Mega-info 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	2017 - 2019
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	2017 - 2019
Net Income	41.86	75.63	134.19	193.79	240.64	208.19	Upgrade
Depreciation & Amortization	396.13	396.13	315.64	237.44	206.44	20.26	Upgrade
Other Amortization	1.32	1.32	1.12	1.07	1.09	0.5	Upgrade
Loss (Gain) From Sale of Assets	-7.83	-7.83	-0.32	-1.14	-0.01	0	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	-	-	2.94	Upgrade
Loss (Gain) From Sale of Investments	0.04	0.04	0.09	0.04	-	-	Upgrade
Provision & Write-off of Bad Debts	25	25	13.65	7.27	3.24	-	Upgrade
Other Operating Activities	59.54	56.7	43.99	17.83	12.19	-	Upgrade
Change in Accounts Receivable	-112.15	-112.15	-85.44	-102.31	-46.78	-16.2	Upgrade
Change in Accounts Payable	17.19	17.19	34.8	19.85	19.77	10.67	Upgrade
Change in Other Net Operating Assets	-	-	-	-	1.66	-1.66	Upgrade
Operating Cash Flow	408.69	439.63	448.82	369.73	440.76	227.94	Upgrade
Operating Cash Flow Growth	-13.75%	-2.05%	21.39%	-16.11%	93.37%	25.09%	Upgrade
Capital Expenditures	-35.92	-49.88	-52.47	-19.51	-22.54	-40.17	Upgrade
Sale of Property, Plant & Equipment	0	0.01	-	0.17	0	0.01	Upgrade
Investing Cash Flow	-35.92	-49.87	-52.47	-19.34	-22.54	-40.16	Upgrade
Issuance of Common Stock	-	-	-	1,914	-	-	Upgrade
Common Dividends Paid	-8.12	-40.6	-40	-50	-	-150	Upgrade
Other Financing Activities	-454.6	-426.7	-352.43	-250.81	-230.23	-	Upgrade
Financing Cash Flow	-462.72	-467.3	-392.43	1,613	-230.23	-150	Upgrade
Net Cash Flow	-89.95	-77.54	3.92	1,964	187.99	37.78	Upgrade
Free Cash Flow	372.77	389.75	396.35	350.22	418.22	187.77	Upgrade
Free Cash Flow Growth	-9.65%	-1.67%	13.17%	-16.26%	122.73%	17.67%	Upgrade
Free Cash Flow Margin	61.60%	58.13%	66.36%	60.73%	67.55%	38.47%	Upgrade
Free Cash Flow Per Share	0.92	0.96	0.98	0.92	1.37	0.62	Upgrade
Cash Income Tax Paid	29.6	28.87	42.5	40.05	35.99	35.16	Upgrade
Levered Free Cash Flow	255.58	257.08	219.75	217.41	311.31	109.99	Upgrade
Unlevered Free Cash Flow	285.66	292.59	247.12	228.81	318.91	109.99	Upgrade
Change in Working Capital	-107.37	-107.37	-59.54	-86.56	-22.84	-3.94	Upgrade

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