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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-280.5	70.49	22.06	137.2	48.49	74.52
Depreciation & Amortization	71.79	63.68	59.8	56.12	50.51	56.96
Other Amortization	3	3	0.47	16.44	0.09	0.56
Loss (Gain) From Sale of Assets	0.16	0.18	-	-0	-27.74	3.63
Asset Writedown & Restructuring Costs	386.18	386.39	1.6	13.63	-0.28	1.77
Loss (Gain) From Sale of Investments	-3.13	-354.78	32.51	-71.99	63.05	-10.04
Loss (Gain) on Equity Investments	-12.01	-7.56	-1.61	-0.93	0.89	-
Stock-Based Compensation	4.98	4.45	0.44	1.56	4	0.23
Provision & Write-off of Bad Debts	2.76	13.35	36.8	28.93	-2.76	-8.31
Other Operating Activities	11.39	7.17	30.75	47.27	-55.01	48.63
Change in Accounts Receivable	67.06	77.47	-75.08	-12.98	280.55	275.19
Change in Inventory	-48.04	-110.03	138.29	-127.83	-47.26	-46.53
Change in Accounts Payable	-58.34	-34.81	-169.61	114.85	33.93	2.84
Change in Unearned Revenue	-120.16	41.39	-66.81	-96.83	-66.56	-187.7
Change in Other Net Operating Assets	99.95	123	-33.54	123.29	-218.16	176.68
Operating Cash Flow	125.1	283.38	-23.94	228.72	63.74	388.45
Operating Cash Flow Growth	85.73%	-	-	258.84%	-83.59%	-18.94%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-93.59	-51.39	-7.83	-7.42	-39.88	-60.75
Sale of Property, Plant & Equipment	0.27	0.01	-	-	-	-
Cash Acquisitions	-0.11	69.26	-	-10.39	-	-
Divestitures	0.68	0.68	-	37.48	19.98	-
Sale (Purchase) of Intangibles	-0.17	-0.15	-	-	-	-0.03
Investment in Securities	166.6	89.8	-43.41	-51.65	-45.69	16.8
Other Investing Activities	4	4	2.41	1.87	1.52	2.78
Investing Cash Flow	77.68	112.21	-48.83	-30.11	-64.08	-41.19

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	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)	145.44	37.46	-29.17	20.8	-21.75	-281.75
Common Dividends Paid	-	-	-35.53	-	-	-
Other Financing Activities	-28.66	-41.35	-18.44	-33.35	1.92	-
Financing Cash Flow	116.77	-3.89	-83.13	-12.55	-19.84	-281.75

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	1.6	2.57	2.01	2.09	-2.08	11.75
Miscellaneous Cash Flow Adjustments	-24.72	-24.72	-	-	-	-
Net Cash Flow	296.42	369.55	-153.88	188.15	-22.25	77.25

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	31.51	231.99	-31.77	221.3	23.86	327.7
Free Cash Flow Growth	-34.27%	-	-	827.67%	-92.72%	59.74%
Free Cash Flow Margin	3.03%	25.00%	-3.88%	25.81%	3.34%	44.27%
Free Cash Flow Per Share	0.02	0.14	-0.02	0.13	0.01	0.20
Levered Free Cash Flow	62.53	206.65	72.33	265.18	162.69	388.25
Unlevered Free Cash Flow	66.86	211.32	78.92	271.3	170.14	399.52

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	6.92	7.47	10.54	9.78	11.92	18.04
Cash Income Tax Paid	56.92	41.64	-7.01	13.61	12.88	13.88
Change in Working Capital	-59.52	97.02	-206.75	0.5	-17.5	220.48

Data Source: S&P Global Market Intelligence Last updated: Sep 23, 2026

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 26, 2026

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