Z.AI Co., Ltd. (HKG:2513)
Hong Kong · Delayed Price · Currency is HKD 490.00
+5.20 (1.07%)
Oct 21, 2026, 11:59 AM HKT
Z.AI Co., Ltd. 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 |
|---|---|---|---|---|---|
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 |
Net Income | -4,418 | -4,698 | -2,956 | -787.96 | -143.37 |
Depreciation & Amortization | 275.31 | 279.37 | 278.53 | 68.85 | 19.96 |
Other Amortization | 1.69 | 1.69 | 1.41 | 0.09 | 0.06 |
Loss (Gain) From Sale of Assets | 0.27 | 0.27 | -6.81 | 1.54 | - |
Loss (Gain) From Sale of Investments | -25.28 | -25.28 | -66.27 | -26.02 | -5.97 |
Loss (Gain) on Equity Investments | -54.98 | -54.98 | -21.25 | 0.45 | - |
Stock-Based Compensation | 558.27 | 558.27 | 23.58 | 5.5 | 1.02 |
Other Operating Activities | -1,334 | 988.46 | 502.41 | 185.63 | 50.17 |
Change in Accounts Receivable | -166.97 | -166.97 | -417.48 | -279.07 | -20 |
Change in Inventory | -87.99 | -87.99 | -3.68 | -18.37 | -2.92 |
Change in Accounts Payable | 743.43 | 743.43 | 415.97 | 143.19 | 12.89 |
Change in Unearned Revenue | 218.98 | 218.98 | 6.01 | 58.26 | 20.03 |
Change in Other Net Operating Assets | -3.17 | -3.17 | -0.84 | -0.11 | -0.1 |
Operating Cash Flow | -4,293 | -2,246 | -2,245 | -648.02 | -68.25 |
Operating Cash Flow Growth | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
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 |
Capital Expenditures | -585.17 | -11.49 | -125.96 | -506.76 | -31.65 |
Sale of Property, Plant & Equipment | 0.04 | 0.05 | 114.6 | - | 0.01 |
Cash Acquisitions | -74.7 | - | -3 | -61.09 | - |
Sale (Purchase) of Intangibles | -0.43 | -11.6 | -6.8 | -1.81 | - |
Investment in Securities | -327.81 | -352.91 | -27.4 | -215.31 | 64.57 |
Investing Cash Flow | -522.3 | -375.95 | -48.56 | -784.97 | 32.92 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
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 |
Short-Term Debt Issued | - | 700 | 130 | - | - |
Long-Term Debt Issued | - | 689.06 | 137.17 | - | - |
Total Debt Issued | 2,261 | 1,389 | 267.17 | - | - |
Long-Term Debt Repaid | - | -314.94 | -147.39 | -31.83 | -11.11 |
Net Debt Issued (Repaid) | 1,880 | 1,074 | 119.78 | -31.83 | -11.11 |
Issuance of Common Stock | 4,405 | - | - | 97.75 | - |
Other Financing Activities | -50.02 | 1,540 | 3,192 | 2,397 | 202.31 |
Financing Cash Flow | 6,235 | 2,614 | 3,312 | 2,463 | 191.2 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
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 |
Foreign Exchange Rate Adjustments | -83.88 | -5.3 | 0.39 | 0.19 | - |
Net Cash Flow | 1,336 | -13.24 | 1,019 | 1,030 | 155.87 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
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 |
Free Cash Flow | -4,878 | -2,258 | -2,371 | -1,155 | -99.9 |
Free Cash Flow Growth | - | - | - | - | - |
Free Cash Flow Margin | -327.98% | -311.68% | -758.89% | -927.25% | -174.01% |
Free Cash Flow Per Share | -16.48 | -14.15 | -14.83 | -7.65 | -0.75 |
Levered Free Cash Flow | -12,377 | 2,492 | 2,167 | 1,784 | - |
Unlevered Free Cash Flow | -12,352 | 2,515 | 2,188 | 1,788 | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
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 |
Cash Interest Paid | 36.25 | 37.22 | 32.57 | 7.5 | 0.79 |
Change in Working Capital | 704.29 | 704.29 | -0.03 | -96.09 | 9.89 |