QC Solar Corporation (SHE:301278)
China · Delayed Price · Currency is CNY 27.59
+0.28 (1.03%)
At close: Sep 14, 2026
QC Solar 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 | 23.31 | 20.44 | 99.01 | 193.61 | 118.43 | 64.85 |
Depreciation & Amortization | 27.04 | 20.97 | 16.14 | 14.63 | 10.93 | 7.49 |
Other Amortization | 0.32 | 0.22 | 1.02 | 0.45 | 0.44 | 0.17 |
Loss (Gain) From Sale of Assets | 0.03 | 0.05 | -0.58 | -0.84 | -0.23 | 0.01 |
Asset Writedown & Restructuring Costs | 1.05 | 0.07 | 0.04 | 0.05 | 0 | 0.69 |
Loss (Gain) From Sale of Investments | -17.55 | -17.51 | -16.78 | -14.76 | -2.74 | -1.88 |
Provision & Write-off of Bad Debts | 3.67 | 6.88 | 7.07 | 0.84 | 2.96 | 3.37 |
Other Operating Activities | 0.95 | 0.48 | -6.26 | 2.52 | 9.48 | 3.03 |
Change in Accounts Receivable | -91.75 | -220.11 | 104.41 | 19.58 | -155.56 | -120.46 |
Change in Inventory | 2.95 | -51.86 | -3.66 | 0.33 | -4.63 | -49.72 |
Change in Accounts Payable | -13.64 | 179.47 | -54.07 | 3.98 | 94.46 | 113.11 |
Change in Other Net Operating Assets | - | - | 1.15 | 0.94 | - | - |
Operating Cash Flow | -64.13 | -61.62 | 146.01 | 219.28 | 74.45 | 19.61 |
Operating Cash Flow Growth | - | - | -33.41% | 194.54% | 279.55% | 69.16% |
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 | -38.23 | -65.95 | -158.93 | -69.43 | -26.58 | -24.39 |
Sale of Property, Plant & Equipment | 1.42 | 2.3 | 2.69 | 2.15 | 0.62 | 0 |
Investment in Securities | 92.35 | -34.22 | -189.33 | 26.69 | -426.45 | 10.06 |
Other Investing Activities | - | - | - | - | 0.75 | 0.57 |
Investing Cash Flow | 55.54 | -97.87 | -345.57 | -40.59 | -451.66 | -13.75 |
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 |
Short-Term Debt Issued | - | 129.32 | - | - | - | 31.39 |
Long-Term Debt Issued | - | - | - | - | 25.36 | - |
Total Debt Issued | 234.97 | 129.32 | - | - | 25.36 | 31.39 |
Short-Term Debt Repaid | - | -0.01 | - | - | - | -12.88 |
Long-Term Debt Repaid | - | -0.56 | -2.16 | -4.36 | -40.99 | -0.84 |
Lease Payments | 0.01 | -0.56 | -2.16 | -4.36 | -1.03 | -0.84 |
Total Debt Repaid | -168.7 | -0.57 | -2.16 | -4.36 | -40.99 | -13.72 |
Net Debt Issued (Repaid) | 66.27 | 128.75 | -2.16 | -4.36 | -15.63 | 17.67 |
Issuance of Common Stock | 0.81 | 184.65 | 1.09 | 3.31 | 510.11 | - |
Repurchase of Common Stock | -1.88 | -1.88 | -0.07 | - | - | - |
Common Dividends Paid | -4.94 | -46.06 | -25 | -12.8 | -0.2 | -0.24 |
Other Financing Activities | -1.38 | -0.81 | - | - | -15.01 | - |
Financing Cash Flow | 58.87 | 264.65 | -26.14 | -13.85 | 479.27 | 17.42 |
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 | -4.79 | -0.99 | 6.2 | 3.02 | 2.04 | -1.11 |
Net Cash Flow | 45.49 | 104.18 | -219.49 | 167.86 | 104.09 | 22.18 |
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 | -102.36 | -127.57 | -12.92 | 149.85 | 47.86 | -4.77 |
Free Cash Flow Growth | - | - | - | 213.09% | - | - |
Free Cash Flow Margin | -9.90% | -11.77% | -1.43% | 11.66% | 4.35% | -0.65% |
Free Cash Flow Per Share | -1.14 | -1.44 | -0.15 | 1.80 | 0.90 | -0.08 |
Levered Free Cash Flow | -161.14 | -93.49 | -31.95 | 112.71 | 4.56 | -4.6 |
Unlevered Free Cash Flow | -161.02 | -92.92 | -31.86 | 112.88 | 4.8 | -4.43 |
Free Cash Flow After Leases | -102.35 | -128.13 | -15.08 | 145.49 | 46.83 | -5.61 |
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 | - | -28.62 | -4.36 | 10.48 | 6.52 | -0.35 |
Change in Working Capital | -102.96 | -93.22 | 46.36 | 22.78 | -64.83 | -58.12 |