Kingnet Network Co., Ltd. (SHE:002517)

Kingnet Network 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	Jan 1, 2023	Dec 31, 2021
Net Income	2,382	1,904	1,628	1,462	1,025	576.73
Depreciation & Amortization	72.41	62.78	52.28	41.51	31.39	14.32
Other Amortization	97.62	86.01	76.35	74.35	44.54	27.32
Loss (Gain) From Sale of Assets	-2.4	-1.91	-0.77	-0.55	0.03	-0.37
Asset Writedown & Restructuring Costs	2.3	0.14	-	0	-0.03	-
Loss (Gain) From Sale of Investments	-151.24	-47.9	26.07	-57.78	50.32	-58
Provision & Write-off of Bad Debts	5.22	0.14	7.88	1.41	-19.15	-30.37
Other Operating Activities	135.61	5.79	1.33	155.05	333.61	277.3
Change in Accounts Receivable	-845.76	-386.65	-68.16	-299.29	-9.56	-459.02
Change in Inventory	-29.88	-20.78	-5.06	-9.13	5.69	-12.37
Change in Accounts Payable	1,322	659.65	46.03	336.96	35.5	137.04
Operating Cash Flow	2,989	2,263	1,754	1,706	1,483	500.68
Operating Cash Flow Growth	90.80%	29.01%	2.78%	15.07%	196.20%	393.96%

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	Jan 1, 2023	Dec 31, 2021
Capital Expenditures	-118.64	-132.73	-263.53	-191	-131.65	-153.89
Sale of Property, Plant & Equipment	0.24	3.54	0.79	0.52	0.18	0.83
Cash Acquisitions	-	-	-	-	-4.34	-
Divestitures	-	-	-	-	1.04	-
Investment in Securities	-1,539	-1,161	-667.88	-187.4	-52.66	287.85
Other Investing Activities	28.87	8.48	20.31	0.05	634.69	46.91
Investing Cash Flow	-1,629	-1,282	-910.3	-377.83	447.28	181.69

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	Jan 1, 2023	Dec 31, 2021
Short-Term Debt Issued	-	122.79	-	-	-	-
Total Debt Issued	199.13	122.79	-	-	-	-
Long-Term Debt Repaid	-	-62.93	-29.69	-20.45	-22.26	-10.24
Lease Payments	-45.44	-49.27	-29.69	-20.45	-22.26	-10.24
Total Debt Repaid	-168.23	-62.93	-29.69	-20.45	-22.26	-10.24
Net Debt Issued (Repaid)	30.9	59.86	-29.69	-20.45	-22.26	-10.24
Issuance of Common Stock	-	44.95	54.11	-	200.92	-
Repurchase of Common Stock	-349.9	-199.96	-	-199.97	-199.97	-100
Common Dividends Paid	-215.52	-213.64	-425.32	-274.99	-	-
Other Financing Activities	0.3	0.36	1.14	-568.76	-558.77	-69.69
Financing Cash Flow	-534.21	-308.43	-399.77	-1,064	-580.08	-179.93

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	Jan 1, 2023	Dec 31, 2021
Foreign Exchange Rate Adjustments	-18.65	-6.09	2.93	4.2	19.46	-4.58
Net Cash Flow	807.42	666.5	446.68	268.65	1,370	497.86

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	Jan 1, 2023	Dec 31, 2021
Free Cash Flow	2,870	2,130	1,490	1,515	1,351	346.79
Free Cash Flow Growth	119.85%	42.92%	-1.66%	12.14%	289.68%	827.78%
Free Cash Flow Margin	38.05%	40.00%	29.12%	35.28%	36.27%	14.60%
Free Cash Flow Per Share	1.34	1.00	0.70	0.71	0.65	0.16
Levered Free Cash Flow	3,002	2,139	879.52	856.68	1,382	28.47
Unlevered Free Cash Flow	3,006	2,141	881.11	857.53	1,383	28.86
Free Cash Flow After Leases	2,825	2,081	1,461	1,495	1,329	336.55

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	Jan 1, 2023	Dec 31, 2021
Cash Income Tax Paid	339.26	292.7	273.38	248.71	206.29	140.21
Change in Working Capital	447.62	253.97	-37.8	30.76	17.07	-306.24

Data Source: S&P Global Market Intelligence Last updated: Aug 26, 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:

Sep 13, 2026

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