China Beststudy Education Group (HKG:3978)
Hong Kong · Delayed Price · Currency is HKD 2.500
-0.015 (-0.60%)
Sep 25, 2026, 4:08 PM HKT
HKG:3978 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 | 320.22 | 301.47 | 192.45 | 91.25 | 56.29 | -325.03 |
Depreciation & Amortization | 146.89 | 134.3 | 88.01 | 77.85 | 95.54 | 297.28 |
Other Amortization | 5.35 | 5.35 | 3.62 | 3.98 | 6.18 | 7.71 |
Loss (Gain) From Sale of Assets | 2.9 | 2.9 | 5.65 | -18.49 | 1.93 | 154.63 |
Asset Writedown & Restructuring Costs | 10.66 | 10.66 | - | 0.2 | - | 18.23 |
Loss (Gain) From Sale of Investments | 9.01 | 9.01 | 8.26 | 44.89 | -7.39 | 280.27 |
Loss (Gain) on Equity Investments | 1.92 | 1.92 | 0.17 | 1.88 | 1.2 | 8.23 |
Stock-Based Compensation | 2.04 | 2.04 | 0.45 | -0.66 | 0.73 | -5.91 |
Other Operating Activities | 2.92 | 12.36 | 28.34 | 12.39 | -81.54 | 27.76 |
Change in Accounts Payable | 102.7 | 98.04 | 136.3 | 40.11 | -55.81 | -94.59 |
Change in Unearned Revenue | 18.95 | 52.75 | 390.24 | 62.34 | -40.53 | -358.47 |
Change in Other Net Operating Assets | 2.2 | -37.56 | -32.64 | -24.56 | -8.54 | -63.54 |
Operating Cash Flow | 625.74 | 593.22 | 820.84 | 291.17 | -31.95 | -53.43 |
Operating Cash Flow Growth | -1.79% | -27.73% | 181.91% | - | - | - |
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 | -38.4 | -44.38 | -50.12 | -16.97 | -44.09 | -129.47 |
Sale of Property, Plant & Equipment | 0.22 | 0.19 | 0.01 | 0.18 | 5.24 | 0.75 |
Cash Acquisitions | 27.5 | 26.34 | - | -0.37 | - | - |
Divestitures | 4.34 | 4.7 | 1.24 | -1.36 | -0.37 | -217.97 |
Sale (Purchase) of Intangibles | -74.55 | -56.06 | -2.06 | -0.55 | -0.96 | -15.83 |
Sale (Purchase) of Real Estate | 0.57 | 0.57 | - | - | - | - |
Investment in Securities | -360.07 | 15.82 | -437.46 | -119.21 | 459.85 | 226.2 |
Other Investing Activities | 25.2 | 8.03 | 5.98 | -6.24 | 30.79 | 68.47 |
Investing Cash Flow | -414.7 | -44.1 | -481.41 | -144.52 | 450.46 | -67.85 |
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 |
Short-Term Debt Issued | - | - | - | - | - | 260 |
Total Debt Issued | - | - | - | - | - | 260 |
Short-Term Debt Repaid | - | - | - | - | -333.19 | -275.78 |
Long-Term Debt Repaid | - | -96.34 | -62.09 | -49.72 | -89.05 | -225.1 |
Lease Payments | -101.74 | -96.34 | -62.09 | -49.72 | -89.05 | -225.1 |
Total Debt Repaid | -101.74 | -96.34 | -62.09 | -49.72 | -422.24 | -500.88 |
Net Debt Issued (Repaid) | -101.74 | -96.34 | -62.09 | -49.72 | -422.24 | -240.88 |
Issuance of Common Stock | 27.1 | 63.5 | - | - | - | 4.56 |
Repurchase of Common Stock | -82.22 | -16.98 | -11.12 | -0.01 | - | -78.33 |
Common Dividends Paid | -160.77 | -169.57 | -24.4 | - | - | -34.07 |
Other Financing Activities | -12.54 | -13.54 | -11.74 | -10.04 | -12.35 | -12.62 |
Financing Cash Flow | -330.18 | -232.94 | -109.34 | -59.77 | -434.58 | -361.33 |
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 | -6.7 | -4.36 | -0.01 | -0.04 | -0.03 | 0.06 |
Net Cash Flow | -125.85 | 311.82 | 230.08 | 86.84 | -16.1 | -482.55 |
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 | 587.34 | 548.84 | 770.72 | 274.2 | -76.04 | -182.9 |
Free Cash Flow Growth | 1.79% | -28.79% | 181.08% | - | - | - |
Free Cash Flow Margin | 28.86% | 28.82% | 69.94% | 56.04% | -15.48% | -9.63% |
Free Cash Flow Per Share | 0.76 | 0.71 | 1.02 | 0.36 | -0.10 | -0.24 |
Levered Free Cash Flow | 468.17 | 420.79 | 702.96 | 195.61 | -69.62 | -444.88 |
Unlevered Free Cash Flow | 476 | 429.25 | 710.3 | 201.22 | -61.89 | -408.76 |
Free Cash Flow After Leases | 485.6 | 452.5 | 708.63 | 224.48 | -165.08 | -408 |
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 Interest Paid | 12.54 | 13.54 | 11.74 | 8.97 | 12.84 | 12.64 |
Cash Income Tax Paid | 78.24 | 50.01 | 21.65 | -0 | 16.55 | 57.5 |
Change in Working Capital | 123.84 | 113.23 | 493.89 | 77.89 | -104.88 | -516.6 |