Company: FENG
Filing Date: 2025-04-18
Form Type: 20-F
Source: 0000950170-25-055759
Chunk: 110

Company: Phoenix New Media Ltd
Filing Date: 2025-04-18
Form: 20-F
Item: Item 5
Chunk 110
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 used in operating activities were RMB312.4 million. This was primarily due to our net loss of RMB125.7 million, adjusted by non-cash adjustments, which mainly included foreign exchange loss of RMB32.9 million, reversal of allowance for expected credit losses of RMB23.5 million, amortization of the right-of-use assets of RMB28.5 million, depreciation and amortization expenses of RMB26.2 million, loss from equity method investments, including impairment of RMB8.2 million, share-based compensation of RMB7.9 million, and impairment of available-for-sale debt investments of RMB6.0 million. The decrease in cash from working capital items of RMB275.8 million was also included in operating cash flows, which included the decrease in withholding tax payable for disposal of available-for-sale debt investments in Particle of RMB240.4 million.

Investing Activities
In 2024, our net cash provided by investing activities were RMB127.5 million (US$18.1 million). This was mainly due to the maturity of term deposits and short-term investments of RMB3.4 billion (US$462.4 million), partially offset by placement of term deposits and short-term investments of RMB3.2 billion (US$444.3 million) and capital expenditures of RMB5.2 million (US$0.7 million).
In 2023, our net cash provided by investing activities were RMB487.8 million. This was primarily due to the maturity of term deposits and short-term investments of RMB1.8 billion and proceeds from disposal of property and equipment and intangible assets of RMB3.8 million, partially offset by placement of term deposits and short-term investments of RMB1.3 billion and capital expenditures of RMB9.7 million.
In 2022, our net cash provided by investing activities were RMB228.7 million. This was primarily due to the maturity of term deposits and short-term investments of RMB3.1 billion and proceeds from disposal of property and equipment and intangible assets of RMB8.6 million, partially offset by (i) placement of term deposits and short-term investments of RMB2.9 billion, (ii) capital expenditures of RMB34.0 million, and (iii) cash paid for equity investments in certain investee of RMB9.0 million.
Financing Activities
We had net cash used in financing activities of RMB1