I'm only a novice, but I see "Downgrade Disallowed" at the end of the log. That might be the only problem.
You can only flash the same firmware or upgrade (incrementing numbers; 001, 002......), you may never be able to downgrade. Chinese firmware is generally avoided since it imposes added restrictions to future flashing.

Edit: if your going from 003 to 005 and get errors, you may need to use '003 firmware' to flash cmt (see recovering from flash errors).