Beijing Dahao Technology Corp.,Ltd (SHA:603025)

SHA:603025 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	860.47	710.12	584.25	405.5	435.2	357.94
Depreciation & Amortization	40.49	41.48	40.44	41.14	34.75	27.09
Other Amortization	5.88	5.75	4.54	4.61	4.29	1.77
Loss (Gain) From Sale of Assets	-0.02	0	0.03	0	0.01	0.3
Asset Writedown & Restructuring Costs	40.88	39.96	0.06	0.07	3.86	6.55
Loss (Gain) From Sale of Investments	6.36	6.52	-3.87	2.66	-90.8	-10.33
Provision & Write-off of Bad Debts	5.17	5.17	18.75	4.7	0.07	1.27
Other Operating Activities	72.09	80.11	46.32	49.08	23.56	7.22
Change in Accounts Receivable	-457.32	-555.56	-378.63	-212.81	-233.95	-44.19
Change in Inventory	-196.17	-127.8	-41.25	28.23	-129.05	-166.04
Change in Accounts Payable	201.91	190.31	-31.81	16.88	170.46	74.45
Operating Cash Flow	551.55	382.56	227.39	332.05	218.23	254.72
Operating Cash Flow Growth	75.52%	68.24%	-31.52%	52.16%	-14.32%	168.26%

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	-27.03	-56.13	-17.78	-13.47	-13.22	-18.47
Sale of Property, Plant & Equipment	0.07	0.01	0.05	0	0	0.55
Cash Acquisitions	-	-	-59.16	-88.74	-111.5	-9.9
Investment in Securities	-433.96	-94.83	-151.92	-42.36	7.5	82.83
Other Investing Activities	7.56	6.77	59.86	-30.06	61.99	2.63
Investing Cash Flow	-453.36	-144.17	-168.96	-174.63	-55.23	57.64

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	-	1,162	1,315	947.61	441.28	-
Short-Term Debt Repaid	-	-	-	-285	-	-
Long-Term Debt Repaid	-	-1,154	-1,117	-559.28	-52.39	-4.11
Total Debt Repaid	-1,033	-1,154	-1,117	-844.28	-52.39	-4.11
Net Debt Issued (Repaid)	225.38	7.58	198.23	103.33	388.89	-4.11
Issuance of Common Stock	-	55.2	-	-	-	-
Repurchase of Common Stock	-	-	-	-0.08	-	-7.43
Common Dividends Paid	-511.44	-399.37	-343.42	-189.53	-370.16	-204.08
Other Financing Activities	-118.58	-49.7	-100.81	164.85	-9.09	-1.96
Financing Cash Flow	-404.64	-386.28	-246.01	78.57	9.64	-217.58

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	-0.66	-0.27	0.16	-0.01	0.41	-0.05
Net Cash Flow	-307.11	-148.17	-187.41	235.99	173.05	94.72

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	524.52	326.44	209.6	318.58	205.01	236.25
Free Cash Flow Growth	97.15%	55.74%	-34.21%	55.40%	-13.23%	411.14%
Free Cash Flow Margin	15.67%	10.88%	8.29%	15.67%	12.83%	15.70%
Free Cash Flow Per Share	0.47	0.29	0.19	0.29	0.18	0.21
Levered Free Cash Flow	399.66	178.48	-80.63	131.74	193.36	92.1
Unlevered Free Cash Flow	417.33	196.16	-63.24	140.03	194.66	92.51

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	-	-	-	-	7.69	-
Cash Income Tax Paid	305.42	212.92	169.86	131.78	101.39	92.5
Change in Working Capital	-479.77	-506.54	-463.14	-175.69	-192.71	-137.1

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 20, 2026

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