TravelSky Technology 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,342	2,074	1,399	627.05	551.3
Depreciation & Amortization	464.22	1,236	1,007	1,023	1,013
Other Amortization	439.37	5.47	2.18	2.84	5.22
Loss (Gain) From Sale of Assets	-2.74	-1.83	-2.66	-135.98	0.85
Asset Writedown & Restructuring Costs	0.67	-0.2	0.91	-0.38	23.17
Loss (Gain) From Sale of Investments	-210.86	-158.27	-149.87	-67.4	-58.3
Provision & Write-off of Bad Debts	-38.01	140.25	292.93	65.88	-382.48
Other Operating Activities	76.72	57.38	74.86	72.93	45.69
Change in Accounts Receivable	-996.59	-668.35	-1,546	-442.99	916.87
Change in Inventory	2.19	4.25	-4.43	-20.1	16.29
Change in Accounts Payable	889.89	-141.54	-821.46	295.32	817.56
Operating Cash Flow	2,924	2,526	137.43	1,336	2,943
Operating Cash Flow Growth	15.74%	1738.02%	-89.72%	-54.59%	1692.06%
Capital Expenditures	-842.79	-353.48	-527.9	-294.68	-481.35
Sale of Property, Plant & Equipment	0.34	1.73	3.54	179.45	1.5
Divestitures	-	-0.44	-	-	-
Investment in Securities	-2,168	1,154	-383.7	-143.63	-427.16
Other Investing Activities	119	92.22	111.82	116.63	110.25
Investing Cash Flow	-2,892	893.67	-796.24	-142.23	-796.76
Long-Term Debt Issued	3,813	3,189	3,612	200	3.55
Total Debt Issued	3,813	3,189	3,612	200	3.55
Long-Term Debt Repaid	-3,566	-2,856	-2,967	-87.55	-83.59
Total Debt Repaid	-3,566	-2,856	-2,967	-87.55	-83.59
Net Debt Issued (Repaid)	247.14	332.95	645.01	112.45	-80.04
Common Dividends Paid	-733.43	-504.18	-166.31	-163.73	-58.91
Other Financing Activities	-25.79	-25.58	-29.26	-46.27	-26.62
Financing Cash Flow	-512.08	-196.81	449.45	-97.55	-165.57
Foreign Exchange Rate Adjustments	-9.68	8.38	10.05	39.72	-5.83
Net Cash Flow	-489.76	3,231	-199.32	1,136	1,975
Free Cash Flow	2,081	2,172	-390.47	1,042	2,461
Free Cash Flow Growth	-4.22%	-	-	-57.68%	-
Free Cash Flow Margin	23.74%	24.62%	-5.59%	19.99%	44.95%
Free Cash Flow Per Share	0.71	0.74	-0.13	0.36	0.84
Cash Income Tax Paid	779.4	818.15	636.91	289.4	450.65
Levered Free Cash Flow	1,527	1,513	318.46	688.5	2,513
Unlevered Free Cash Flow	1,540	1,520	327.95	696.26	2,515
Change in Working Capital	-147.39	-826.7	-2,487	-252.1	1,744

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