Hangzhou Raycloud Technology Co.,Ltd (SHA:688365)

SHA:688365 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	-2.22	-26.08	-82.05	-18.45	-178.88	-59.54
Depreciation & Amortization	20.75	21.06	25.74	22.25	26.59	16.9
Other Amortization	10.08	9.45	0.54	0.64	1.29	10.03
Loss (Gain) From Sale of Assets	0.32	0	-0.02	-0.04	0.2	-0.2
Asset Writedown & Restructuring Costs	12.08	12.08	4.32	1.72	15.92	-
Loss (Gain) From Sale of Investments	-6.1	-5.96	13.06	-51.2	29.21	-2.67
Provision & Write-off of Bad Debts	1.7	1.7	2.62	1.8	0.42	0.23
Other Operating Activities	7.26	6.17	4.19	10	-12.09	-4.9
Change in Accounts Receivable	-40.62	-37.01	-16.5	-18.17	10.36	-7.67
Change in Inventory	-2.9	-0.16	0.94	5.07	-2.78	-7.49
Change in Accounts Payable	99.93	128.36	94.66	66.52	-0.59	31.8
Change in Other Net Operating Assets	13.49	9.86	8.78	4.83	-2.74	8.93
Operating Cash Flow	111.88	117.36	54.16	22.84	-102.43	-35.16
Operating Cash Flow Growth	42.01%	116.70%	137.06%	-	-	-

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	-56.83	-68.78	-107.07	-110.59	-66.76	-28.18
Sale of Property, Plant & Equipment	0.23	0.51	3.11	0.09	0.93	0.47
Cash Acquisitions	-80.17	-80.17	-	-	-	-130.45
Investment in Securities	72.51	-0.23	-47.49	113.82	-1.3	-82.21
Other Investing Activities	-2.17	4.42	2.47	7.13	10.2	32.91
Investing Cash Flow	-66.43	-144.23	-148.98	10.44	-56.93	-207.46

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
Short-Term Debt Issued	-	-	-	-	-	566.05
Long-Term Debt Issued	-	279.82	248.66	436.45	488.97	-
Total Debt Issued	176.27	279.82	248.66	436.45	488.97	566.05
Short-Term Debt Repaid	-	-	-	-	-	-520.05
Long-Term Debt Repaid	-	-309.59	-216.88	-424.08	-435.07	-9.43
Total Debt Repaid	-169.22	-309.59	-216.88	-424.08	-435.07	-529.49
Net Debt Issued (Repaid)	7.05	-29.77	31.78	12.37	53.91	36.57
Issuance of Common Stock	6.72	6.72	-	191.49	-	-
Repurchase of Common Stock	-0.22	-0.22	-0.33	-	-30.02	-
Common Dividends Paid	-13.17	-5.1	-7.31	-6.03	-3.88	-10.03
Other Financing Activities	0	0	0.23	-9.43	-35.29	11.75
Financing Cash Flow	0.39	-28.37	24.37	188.4	-15.28	38.29

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	-0.01	-0	0	0	0.04	-0.12
Net Cash Flow	45.83	-55.24	-70.45	221.68	-174.6	-204.44

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	55.05	48.58	-52.91	-87.75	-169.19	-63.33
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	9.13%	8.63%	-11.07%	-18.45%	-34.25%	-11.61%
Free Cash Flow Per Share	0.13	0.12	-0.13	-0.19	-0.42	-0.16
Levered Free Cash Flow	-113.58	59.39	-101.92	-64.57	-140.02	19.09
Unlevered Free Cash Flow	-110.33	62.64	-97.25	-60.68	-137.22	19.09

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	-	-	-	-	-	1.25
Cash Income Tax Paid	25.04	23.12	23.09	18.46	19.23	28.25
Change in Working Capital	68.01	98.94	85.77	56.12	14.9	4.98

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 28, 2026

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