MIXUE Group (HKG:2097)

MIXUE Group 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	5,887	4,437	3,137	1,997	1,910
Depreciation & Amortization	538.42	414.07	263.98	181.09	99.6
Other Amortization	5.99	5.45	-1.19	6.04	3
Loss (Gain) From Sale of Assets	1.75	5.84	-1.47	0.3	1.16
Asset Writedown & Restructuring Costs	14.07	-	65.52	-	14.83
Loss (Gain) on Equity Investments	-0.05	3.02	-0.2	0.18	-
Stock-Based Compensation	18.53	15.79	16.43	24.98	22.55
Provision & Write-off of Bad Debts	10.24	0.17	3.35	0.73	-0.02
Other Operating Activities	48.89	51.14	67.34	-7.58	40.45
Change in Accounts Receivable	-13.86	5.06	-8.96	-14.11	0.29
Change in Inventory	-1,551	-20.63	-725.82	-291.32	-842.72
Change in Accounts Payable	438.78	452.78	466.09	286.16	261.21
Change in Unearned Revenue	198.24	94.9	143.94	-45.42	133.8
Change in Other Net Operating Assets	442.34	544.63	367.51	292.86	47.87
Operating Cash Flow	6,039	6,009	3,794	2,431	1,692
Operating Cash Flow Growth	0.51%	58.38%	56.09%	43.62%	-

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	-685.13	-1,439	-1,685	-997.29	-944.52
Sale of Property, Plant & Equipment	15.6	58.2	4.75	0.89	5.07
Cash Acquisitions	-13.73	-	-	-	-
Divestitures	-	-	-2.24	-	-
Sale (Purchase) of Intangibles	-0.05	-9.86	-5.43	-8.72	-7.18
Investment in Securities	-5,674	-5,627	862.91	-942.8	-884.33
Other Investing Activities	-6.36	-1.34	-0.04	-253.94	-0.67
Investing Cash Flow	-6,364	-7,019	-825.34	-2,202	-1,832

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	28.11	4.54	259.54	140	30
Long-Term Debt Repaid	-91.71	-347.56	-239.88	-106.4	-41.71
Net Debt Issued (Repaid)	-63.6	-343.03	19.66	33.6	-11.71
Issuance of Common Stock	3,665	-	-	-	1,120
Common Dividends Paid	-	-	-100	-104.4	-404.4
Other Financing Activities	-96.03	65.59	-30.98	-68.46	22.76
Financing Cash Flow	3,505	-277.44	-111.32	-139.26	726.65

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	-86.41	0.94	0.56	-1.2	-1.07
Net Cash Flow	3,094	-1,287	2,858	88.31	586.34

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	5,354	4,570	2,109	1,433	747.87
Free Cash Flow Growth	17.15%	116.74%	47.11%	91.66%	-
Free Cash Flow Margin	15.95%	18.41%	10.39%	10.56%	7.22%
Free Cash Flow Per Share	14.24	12.70	5.86	3.98	2.08
Levered Free Cash Flow	3,947	3,580	1,476	884.07	-
Unlevered Free Cash Flow	3,950	3,584	1,485	889.82	-

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	4.87	6.58	14.57	9.13	5.94
Cash Income Tax Paid	1,604	1,280	910.74	658.55	590.08
Change in Working Capital	-485.52	1,077	242.77	228.17	-399.54

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:

Aug 11, 2026

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