DouYu International Holdings Limited (DOYU) Cash Flow Statement
Where DOYU’s cash came from and went, 2025
December 31, 2025 · Chinese yuan- Cash from operations
- −CN¥52.3M
- Capital expenditures
- CN¥1.8M 0.0% of revenue
- Free cash flow
- −CN¥54.0M −1.4% margin
- Returned to shareholders
- CN¥2.15B
- Change in cash
- CN¥743.8M cash at year-end CN¥1.78B
Drawn to scale: where the cash came from and how it was used. Hover for values.
DOYU operating cash flow, capex and free cash flow
DOYU cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −CN¥714.1M2016 | −CN¥52.3M2025 | — | |
| Capital expenditures | CN¥46.8M2016 | CN¥1.8M2025 | −30.4%/yr | |
| Free cash flow | −CN¥761.0M2016 | −CN¥54.0M2025 | — | |
| Free cash flow margin | −96.7%2016 | −1.4%2025 | +95.3 pts | |
| Operating cash flow / net income | 24.382019 | −1.342023 | −25.73 | |
| Stock-based compensation | CN¥24.9M2016 | CN¥02024 | −100.0% | |
| Dividends paid | CN¥4.5M2016 | CN¥2.15B2025 | +98.7%/yr | |
| Share buybacks (net) | CN¥02016 | CN¥02025 | — | |
| Capex / revenue | 6.0%2016 | 0.0%2025 | −5.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DOYU cash flow by activity
DOYU net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
DOYU cash flow statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −CN¥29.1M | −CN¥306.8M | CN¥35.5M | −CN¥13.1M | −CN¥620.2M | CN¥404.7M | CN¥33.3M | −CN¥876.3M | −CN¥612.9M | −CN¥782.9M |
| Depreciation & amortization | CN¥31.6M | CN¥62.6M | CN¥96.8M | CN¥85.0M | CN¥88.7M | CN¥110.9M | CN¥90.1M | CN¥45.5M | CN¥26.0M | CN¥7.1M |
| Stock-based compensation | — | CN¥0 | CN¥0 | CN¥9.7M | CN¥132.1M | CN¥142.2M | CN¥290.8M | CN¥35.4M | CN¥17.6M | CN¥24.9M |
| Change in working capital | −CN¥132.6M | −CN¥65.0M | −CN¥218.1M | −CN¥26.7M | −CN¥284.0M | −CN¥33.3M | CN¥395.0M | CN¥358.5M | CN¥183.6M | CN¥31.2M |
| Other non-cash items | CN¥77.9M | CN¥70.3M | CN¥38.1M | −CN¥64.7M | CN¥97.1M | CN¥43.1M | CN¥3.9M | CN¥99.2M | CN¥4.7M | CN¥5.6M |
| Cash from operating activities | −CN¥52.3M | −CN¥238.9M | −CN¥47.7M | −CN¥9.8M | −CN¥586.3M | CN¥667.6M | CN¥813.2M | −CN¥337.6M | −CN¥381.0M | −CN¥714.1M |
| Investing activities | ||||||||||
| Capital expenditures | −CN¥1.8M | −CN¥13.1M | −CN¥16.3M | −CN¥854,803 | −CN¥122.5M | −CN¥82.4M | −CN¥122.0M | −CN¥116.0M | −CN¥32.0M | −CN¥46.8M |
| Investments (net) | CN¥2.97B | −CN¥1.07B | CN¥414.2M | −CN¥608.6M | CN¥102.9M | −CN¥2.61B | −CN¥246.3M | −CN¥265.0M | −CN¥92.0M | −CN¥86.3M |
| Acquisitions & other investing | CN¥347,151 | CN¥13.1M | CN¥16.3M | CN¥521.2M | CN¥503,894 | CN¥76.3M | CN¥122.0M | CN¥116.0M | CN¥32.0M | CN¥46.8M |
| Cash from investing activities | CN¥2.97B | −CN¥1.07B | CN¥414.2M | −CN¥88.2M | −CN¥19.1M | −CN¥2.61B | −CN¥246.3M | −CN¥265.0M | −CN¥92.0M | −CN¥86.3M |
| Financing activities | ||||||||||
| Dividends paid | −CN¥2.15B | −CN¥2.10B | CN¥0 | CN¥0 | — | — | CN¥0 | CN¥0 | CN¥0 | −CN¥4.5M |
| Share repurchases & issuance (net) | CN¥0 | −CN¥105.5M | CN¥0 | −CN¥15.8M | −CN¥107.2M | −CN¥579.8M | −CN¥115.3M | −CN¥40.0M | CN¥0 | CN¥1.53B |
| Net borrowing (repayment) | — | — | — | — | — | — | −CN¥40.0M | CN¥40.0M | CN¥40.0M | −CN¥225.9M |
| Shares issued | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥3.42B | CN¥4.03B | CN¥0 | CN¥0 |
| Other financing | CN¥0 | −CN¥1,000 | −CN¥965 | CN¥0 | CN¥0 | CN¥100.6M | −CN¥1.37B | CN¥1.25B | CN¥460.0M | CN¥0 |
| Cash from financing activities | −CN¥2.15B | −CN¥2.21B | −CN¥965 | −CN¥15.8M | −CN¥107.2M | −CN¥479.2M | CN¥1.90B | CN¥5.28B | CN¥500.0M | CN¥1.30B |
| Summary | ||||||||||
| Net change in cash | CN¥743.8M | −CN¥3.47B | CN¥461.3M | −CN¥60.8M | −CN¥824.7M | −CN¥2.84B | CN¥2.57B | CN¥5.02B | CN¥22.8M | CN¥499.2M |
| Cash at end of period | CN¥1.78B | CN¥1.04B | CN¥4.51B | CN¥586.9M | CN¥4.47B | CN¥5.29B | CN¥8.13B | CN¥5.56B | CN¥539.6M | CN¥516.8M |
| Free cash flow | −CN¥54.0M | −CN¥252.0M | −CN¥64.0M | −CN¥10.7M | −CN¥708.8M | CN¥585.3M | CN¥691.2M | −CN¥453.6M | −CN¥413.1M | −CN¥761.0M |
| Free cash flow margin | −1.4% | −5.9% | −1.2% | −0.2% | −7.7% | 6.1% | 9.5% | −12.4% | −21.9% | −96.7% |
| Capex / revenue | 0.0% | 0.3% | 0.3% | 0.0% | 1.3% | 0.9% | 1.7% | 3.2% | 1.7% | 6.0% |
| Operating cash flow / net income | — | — | −1.34 | — | — | 1.65 | 24.38 | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported; data from EODHD.
DOYU cash generation
In fiscal 2025 (ended December 31, 2025), DouYu International generated -CN¥52.3 million of cash from operations and spent CN¥1.8 million on capital expenditures, leaving free cash flow of -CN¥54.0 million, −1.4% of revenue. It returned CN¥2.2 billion to shareholders through dividends (CN¥2.2 billion) and net share buybacks (CN¥0). Cash and equivalents rose by CN¥743.8 million over the year.
Related: DOYU income statement, DOYU balance sheet, DOYU dividend history. See the DOYU stock overview for the latest quote and news.
DOYU cash flow FAQ
What is DouYu International's free cash flow?
DouYu International's free cash flow was -CN¥54.0 million in fiscal 2025: -CN¥52.3 million of operating cash flow minus CN¥1.8 million of capital expenditures It was -CN¥252.0 million a year earlier..
How much cash does DouYu International generate from operations?
DouYu International generated -CN¥52.3 million of cash from operating activities in fiscal 2025.
How much does DouYu International spend on capital expenditures?
DouYu International spent CN¥1.8 million on capital expenditures in fiscal 2025, 0.0% of revenue, compared with CN¥13.1 million the year before.
How much does DouYu International pay in dividends?
DouYu International paid CN¥2.2 billion in dividends in fiscal 2025.