China ITS (Holdings) Co., Ltd. (HKG:1900)

China ITS (Holdings) Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	70.49	22.06	137.2	48.49	74.52
Depreciation & Amortization	63.68	59.8	56.12	50.51	56.96
Other Amortization	3	0.47	16.44	0.09	0.56
Loss (Gain) From Sale of Assets	0.18	-	-0	-27.74	3.63
Asset Writedown & Restructuring Costs	386.39	1.6	13.63	-0.28	1.77
Loss (Gain) From Sale of Investments	-354.78	32.51	-71.99	63.05	-10.04
Loss (Gain) on Equity Investments	-7.56	-1.61	-0.93	0.89	-
Stock-Based Compensation	4.45	0.44	1.56	4	0.23
Provision & Write-off of Bad Debts	13.35	36.8	28.93	-2.76	-8.31
Other Operating Activities	7.17	30.75	47.27	-55.01	48.63
Change in Accounts Receivable	77.47	-75.08	-12.98	280.55	275.19
Change in Inventory	-110.03	138.29	-127.83	-47.26	-46.53
Change in Accounts Payable	-34.81	-169.61	114.85	33.93	2.84
Change in Unearned Revenue	41.39	-66.81	-96.83	-66.56	-187.7
Change in Other Net Operating Assets	123	-33.54	123.29	-218.16	176.68
Operating Cash Flow	283.38	-23.94	228.72	63.74	388.45
Operating Cash Flow Growth	-	-	258.84%	-83.59%	-18.94%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-51.39	-7.83	-7.42	-39.88	-60.75
Sale of Property, Plant & Equipment	0.01	-	-	-	-
Cash Acquisitions	69.26	-	-10.39	-	-
Divestitures	0.68	-	37.48	19.98	-
Sale (Purchase) of Intangibles	-0.15	-	-	-	-0.03
Investment in Securities	89.8	-43.41	-51.65	-45.69	16.8
Other Investing Activities	4	2.41	1.87	1.52	2.78
Investing Cash Flow	112.21	-48.83	-30.11	-64.08	-41.19

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	273.47	235.54	240.95	198.22	233.9
Long-Term Debt Repaid	-236.01	-264.7	-220.15	-219.98	-515.65
Net Debt Issued (Repaid)	37.46	-29.17	20.8	-21.75	-281.75
Common Dividends Paid	-	-35.53	-	-	-
Other Financing Activities	-41.35	-18.44	-33.35	1.92	-
Financing Cash Flow	-3.89	-83.13	-12.55	-19.84	-281.75

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	2.57	2.01	2.09	-2.08	11.75
Miscellaneous Cash Flow Adjustments	-24.72	-	-	-	-
Net Cash Flow	369.55	-153.88	188.15	-22.25	77.25

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	231.99	-31.77	221.3	23.86	327.7
Free Cash Flow Growth	-	-	827.67%	-92.72%	59.74%
Free Cash Flow Margin	25.00%	-3.88%	25.81%	3.34%	44.27%
Free Cash Flow Per Share	0.14	-0.02	0.13	0.01	0.20
Levered Free Cash Flow	206.65	72.33	265.18	162.69	388.25
Unlevered Free Cash Flow	211.32	78.92	271.3	170.14	399.52

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	7.47	10.54	9.78	11.92	18.04
Cash Income Tax Paid	41.64	-7.01	13.61	12.88	13.88
Change in Working Capital	97.02	-206.75	0.5	-17.5	220.48

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 4, 2026

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