Zero2IPO Holdings Inc. (HKG:1945)
Hong Kong · Delayed Price · Currency is HKD 1.400
0.00 (0.00%)
Sep 16, 2026, 9:15 AM HKT
Zero2IPO Holdings Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 100.85 | 70.44 | 12.14 | 16.13 | 20.35 | 11.47 |
Depreciation & Amortization | 15.37 | 21.91 | 21.06 | 20.61 | 17.37 | 12.44 |
Other Amortization | 0.13 | 0.13 | 0.11 | 0.02 | 0.02 | 0.02 |
Loss (Gain) From Sale of Assets | -1.9 | -1.9 | 0.14 | 0.03 | -0.63 | - |
Asset Writedown & Restructuring Costs | 1.72 | 1.72 | - | - | - | - |
Loss (Gain) From Sale of Investments | -43.15 | -43.15 | -10.1 | -5.63 | -2.58 | -5.85 |
Loss (Gain) on Equity Investments | 0.55 | 0.55 | -1.29 | -1.45 | -0.17 | -0.5 |
Stock-Based Compensation | - | - | - | - | - | 27.36 |
Provision & Write-off of Bad Debts | 1.61 | 1.61 | 2.88 | 6.59 | 7.75 | 4.21 |
Other Operating Activities | -29.47 | 7.35 | -10.74 | -12.19 | 0.9 | -3.4 |
Change in Accounts Receivable | 4.9 | 4.9 | 10.67 | 29.32 | -31.14 | -18.66 |
Change in Accounts Payable | -1.67 | -1.67 | -0.99 | -2.68 | 5.02 | -2.56 |
Change in Unearned Revenue | -24.29 | -24.29 | -6.46 | -30.48 | 2.87 | 28.68 |
Change in Other Net Operating Assets | 17.67 | 17.67 | -11.16 | 0.63 | -11.03 | -17.04 |
Operating Cash Flow | 42.31 | 55.27 | 6.28 | 20.89 | 8.73 | 36.18 |
Operating Cash Flow Growth | - | 779.80% | -69.93% | 139.36% | -75.88% | -53.82% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -1.65 | -4.67 | -1.36 | -4.15 | -0.86 | -2.48 |
Sale of Property, Plant & Equipment | 0.07 | 0 | 0.01 | - | - | - |
Cash Acquisitions | - | - | - | - | -5.36 | -3.66 |
Investment in Securities | 1.07 | -83.45 | -110.97 | -38.53 | 9.93 | -33.05 |
Other Investing Activities | 92.94 | 104.68 | 96.69 | -4.62 | -299.68 | - |
Investing Cash Flow | 92.43 | 16.57 | -15.63 | -47.31 | -295.97 | -39.19 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Repaid | - | -21.97 | -22.19 | -16.12 | -14.7 | -12.81 |
Lease Payments | -23.15 | -21.97 | -22.19 | -16.12 | -14.7 | -12.81 |
Net Debt Issued (Repaid) | -10.01 | -21.97 | -22.19 | -16.12 | -14.7 | -12.81 |
Issuance of Common Stock | - | - | - | - | - | 55.21 |
Repurchase of Common Stock | -6.96 | -2.23 | -6.47 | -1.88 | -16.02 | -6.02 |
Other Financing Activities | - | - | -0.41 | - | 0.45 | - |
Financing Cash Flow | -16.97 | -24.2 | -29.06 | -18 | -30.26 | 36.37 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -4.19 | -1.38 | 4.98 | 5.82 | 31.93 | -8.56 |
Net Cash Flow | 113.58 | 46.26 | -33.43 | -38.6 | -285.58 | 24.8 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 40.66 | 50.6 | 4.92 | 16.74 | 7.87 | 33.7 |
Free Cash Flow Growth | - | 927.91% | -70.58% | 112.75% | -76.66% | -56.80% |
Free Cash Flow Margin | 16.45% | 21.81% | 2.56% | 7.02% | 3.56% | 16.21% |
Free Cash Flow Per Share | 0.13 | 0.17 | 0.02 | 0.05 | 0.03 | 0.11 |
Levered Free Cash Flow | 30.27 | 35.1 | 18.21 | 19.92 | 36.87 | 34.93 |
Unlevered Free Cash Flow | 31.41 | 36.45 | 19.19 | 21.13 | 37.5 | 35.62 |
Free Cash Flow After Leases | 17.51 | 28.64 | -17.26 | 0.61 | -6.83 | 20.89 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Income Tax Paid | 3.07 | 2.93 | 3.35 | 8.74 | 3.6 | 10.73 |
Change in Working Capital | -3.4 | -3.4 | -7.94 | -3.21 | -34.28 | -9.58 |