UTour Group Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	15.95	105.92	32.27	-221.37	-462.95
Depreciation & Amortization	29.78	25.51	25.27	26.75	56.85
Other Amortization	0.51	2.09	0.01	8.48	37.27
Loss (Gain) From Sale of Assets	0.65	-	0	0.01	18.27
Asset Writedown & Restructuring Costs	3.52	7.71	-14.37	10.58	61.18
Loss (Gain) From Sale of Investments	7.2	11.17	-0.36	4.42	15.7
Provision & Write-off of Bad Debts	-	-10.1	-27.99	5.72	-17.83
Other Operating Activities	11.89	12.6	8.02	65.89	60.36
Change in Accounts Receivable	72.73	-99.66	-247.73	200.38	152.88
Change in Inventory	2.4	-1.76	-5.87	0.09	0.54
Change in Accounts Payable	-52.49	170.87	365.62	-295.81	-168.58
Change in Other Net Operating Assets	-5.2	69.66	5.01	-0.41	3.49
Operating Cash Flow	197.8	347.41	169.92	-213.68	-257.42
Operating Cash Flow Growth	-43.06%	104.46%	-	-	-
Capital Expenditures	-36.36	-42.74	-32.75	-5.11	-7.7
Sale of Property, Plant & Equipment	0	0.33	0.68	-	2.45
Cash Acquisitions	-0.45	-0.88	-	-	-
Divestitures	0.25	1.18	-	-	130
Investment in Securities	-29.76	40.13	-69.65	155.75	80.76
Other Investing Activities	91.03	3.9	13.37	3.81	6.82
Investing Cash Flow	24.72	1.93	-88.35	154.45	212.76
Short-Term Debt Issued	-	-	0.41	-	-
Long-Term Debt Issued	175.11	263.3	442.25	328.69	768.82
Total Debt Issued	175.11	263.3	442.66	328.69	768.82
Long-Term Debt Repaid	-325.88	-544.73	-557.53	-450.95	-997.53
Total Debt Repaid	-325.88	-544.73	-557.53	-450.95	-997.53
Net Debt Issued (Repaid)	-150.77	-281.42	-114.87	-122.26	-228.71
Issuance of Common Stock	-	-	-	156.07	-
Common Dividends Paid	-13.63	-26.1	-33.08	-40.59	-47.47
Other Financing Activities	7.11	20.08	1.5	-0.94	0.47
Financing Cash Flow	-157.3	-287.44	-146.45	-7.73	-275.71
Foreign Exchange Rate Adjustments	5.12	-4.53	1.73	0.59	-11.92
Net Cash Flow	70.34	57.37	-63.15	-66.37	-332.3
Free Cash Flow	161.45	304.66	137.17	-218.79	-265.12
Free Cash Flow Growth	-47.01%	122.11%	-	-	-
Free Cash Flow Margin	2.37%	4.72%	4.16%	-43.15%	-37.09%
Free Cash Flow Per Share	0.16	0.31	0.14	-0.24	-0.29
Cash Income Tax Paid	42.03	41.71	30.71	13.14	27.18
Levered Free Cash Flow	489.86	70.87	70.07	-233.36	-171.82
Unlevered Free Cash Flow	489.86	86.71	92.67	-187.76	-125.72
Change in Working Capital	128.32	190.63	144.27	-105.56	-122.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.