China Express Airlines Co.,LTD (SHE:002928)
China · Delayed Price · Currency is CNY 6.43
+0.15 (2.39%)
Sep 4, 2026, 3:04 PM CST
SHE:002928 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 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Net Income | 418.67 | 625.91 | 267.97 | -964.98 | -1,974 | -112.57 |
Depreciation & Amortization | 1,560 | 1,477 | 1,365 | 1,250 | 1,078 | 936.83 |
Other Amortization | 105.16 | 105.67 | 82.96 | 68.58 | 76.06 | 99.19 |
Loss (Gain) From Sale of Assets | 61.86 | 49.15 | -25.24 | 2.26 | -0.71 | -5.7 |
Asset Writedown & Restructuring Costs | 6.5 | 2.09 | 11.11 | 15.35 | 1.26 | 0.15 |
Loss (Gain) From Sale of Investments | 0.59 | 0.38 | -148.11 | -1.36 | 5.52 | - |
Provision & Write-off of Bad Debts | -23.75 | -18.23 | -18.41 | 83 | 149.07 | 27.07 |
Other Operating Activities | 375.09 | 469.4 | 637.08 | 614.97 | 865.63 | 418.54 |
Change in Accounts Receivable | -1,040 | -1,147 | -783.36 | 111.24 | 256.03 | 63.72 |
Change in Inventory | -69.26 | -58.78 | -43.51 | -34.64 | -32.87 | -26.76 |
Change in Accounts Payable | 711.25 | 944.57 | 390.95 | 344.32 | 279.74 | -448.88 |
Operating Cash Flow | 2,143 | 2,521 | 1,810 | 1,322 | 316.61 | 915.33 |
Operating Cash Flow Growth | 2.68% | 39.32% | 36.87% | 317.61% | -65.41% | -9.16% |
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 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Capital Expenditures | -3,255 | -2,372 | -298.2 | -541.25 | -351.59 | -1,809 |
Sale of Property, Plant & Equipment | 348.89 | 190.25 | 117.65 | 0.49 | 0.05 | 1.35 |
Divestitures | - | 339.69 | 270.65 | - | - | - |
Investment in Securities | 0.07 | 0.07 | 0.39 | -0.27 | - | -0.09 |
Other Investing Activities | 0.8 | - | - | - | 45.03 | -15 |
Investing Cash Flow | -2,905 | -1,842 | 90.49 | -541.02 | -306.51 | -1,823 |
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 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Long-Term Debt Issued | - | 6,404 | 4,092 | 4,505 | 3,204 | 5,345 |
Long-Term Debt Repaid | - | -6,666 | -5,913 | -4,800 | -5,053 | -4,311 |
Lease Payments | -1,520 | -2,586 | -1,968 | -1,707 | -1,679 | -1,369 |
Net Debt Issued (Repaid) | 2,053 | -262.35 | -1,821 | -295.58 | -1,849 | 1,035 |
Issuance of Common Stock | 40.18 | 1.57 | 13.06 | - | 2,409 | - |
Repurchase of Common Stock | -139.03 | -139.03 | - | - | - | -50.05 |
Common Dividends Paid | -207.15 | -200.76 | -203.06 | -203.66 | -168.43 | -189.28 |
Other Financing Activities | -1,195 | -448.56 | -156.33 | -236.59 | -118.36 | -4 |
Financing Cash Flow | 551.41 | -1,049 | -2,168 | -735.82 | 274.09 | 791.22 |
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 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Foreign Exchange Rate Adjustments | -0.7 | -4.56 | 5.46 | 11.15 | 23.63 | -0.9 |
Net Cash Flow | -211.74 | -374.84 | -262.1 | 56.47 | 307.82 | -117.26 |
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 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Free Cash Flow | -1,112 | 148.83 | 1,511 | 780.92 | -34.99 | -893.84 |
Free Cash Flow Growth | - | -90.15% | 93.55% | - | - | - |
Free Cash Flow Margin | -14.68% | 2.00% | 22.57% | 15.16% | -1.32% | -22.54% |
Free Cash Flow Per Share | -0.87 | 0.12 | 1.18 | 0.61 | -0.03 | -0.88 |
Levered Free Cash Flow | -1,921 | -180.54 | 414.01 | 487.06 | -187.98 | -2,207 |
Unlevered Free Cash Flow | -1,751 | 163.65 | 771.3 | 842.46 | 125.04 | -1,946 |
Free Cash Flow After Leases | -2,633 | -2,437 | -456.93 | -925.8 | -1,714 | -2,263 |
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 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Cash Income Tax Paid | 8.02 | 90 | 50.34 | -69.96 | -188.7 | 155.85 |
Change in Working Capital | -361.39 | -190.34 | -362.54 | 253.92 | 116.38 | -448.18 |