Eason Technology Limited (DXF) Cash Flow Statement
Where DXF’s cash came from and went, 2025
December 31, 2025 · Chinese yuan- Cash from operations
- −CN¥3.3M
- Capital expenditures
- CN¥14 0.0% of revenue
- Free cash flow
- −CN¥3.3M −38.4% margin
- Returned to shareholders
- —
- Change in cash
- CN¥3.3M cash at year-end CN¥3.3M
Cash from operations
−CN¥3.3M
Investments (net)
−CN¥2.0M
Acquisitions & other
+CN¥53,419
Net borrowing (repayment)
+CN¥7.2M
Other financing
−CN¥195,379
Currency & other
+CN¥1.5M
Change in cash
CN¥3.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
DXF operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
DXF cash flow trends, 2014–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | CN¥117.5M2014 | −CN¥3.3M2025 | — | |
| Capital expenditures | CN¥90,0002014 | CN¥142025 | −62.3%/yr | |
| Free cash flow | CN¥112.9M2014 | −CN¥3.3M2025 | — | |
| Free cash flow margin | 14.0%2014 | −38.4%2025 | −52.4 pts | |
| Operating cash flow / net income | 1.072015 | −0.032020 | −1.10 | |
| Stock-based compensation | CN¥913,0002014 | CN¥758,0002025 | −2.0%/yr | |
| Dividends paid | CN¥12.2M2014 | CN¥15.0M2016 | +10.9%/yr | |
| Capex / revenue | 0.0%2014 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DXF cash flow by activity
OperatingInvestingFinancingChange in cash
DXF net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
DXF cash flow statement in Chinese yuan
| 2025 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −CN¥7.8M | −CN¥395.8M | −CN¥30.3M | −CN¥128.1M | CN¥19.9M | CN¥26.2M | CN¥44.4M | CN¥57.2M | CN¥54.7M | −CN¥225.4M |
| Depreciation & amortization | CN¥505,830 | CN¥2.9M | CN¥3.0M | CN¥3.0M | CN¥3.0M | CN¥818,000 | CN¥441,000 | CN¥526,000 | CN¥601,000 | CN¥5.9M |
| Stock-based compensation | CN¥758,000 | CN¥0 | CN¥0 | CN¥0 | CN¥111,000 | CN¥689,000 | — | — | — | CN¥913,000 |
| Change in working capital | CN¥2.6M | CN¥8.2M | −CN¥22.5M | −CN¥2.2M | −CN¥78.8M | −CN¥66.7M | −CN¥104.4M | −CN¥25.9M | CN¥8.2M | CN¥188.9M |
| Other non-cash items | CN¥690,441 | CN¥373.6M | CN¥42.4M | CN¥137.5M | CN¥55.3M | CN¥66.2M | −CN¥10.8M | −CN¥228.2M | −CN¥4.7M | CN¥147.3M |
| Cash from operating activities | −CN¥3.3M | −CN¥11.0M | −CN¥7.4M | CN¥10.2M | −CN¥626,000 | CN¥27.3M | −CN¥70.4M | −CN¥196.4M | CN¥58.7M | CN¥117.5M |
| Investing activities | ||||||||||
| Capital expenditures | −CN¥14 | CN¥0 | CN¥0 | CN¥0 | −CN¥271,000 | −CN¥18.4M | −CN¥14.9M | −CN¥151.0M | −CN¥3.5M | −CN¥90,000 |
| Investments (net) | −CN¥2.0M | CN¥0 | CN¥0 | CN¥0 | CN¥0 | — | — | — | — | — |
| Acquisitions & other investing | CN¥53,419 | — | CN¥0 | CN¥0 | CN¥195,000 | CN¥0 | CN¥0 | −CN¥62.2M | −CN¥55.6M | CN¥59.9M |
| Cash from investing activities | −CN¥1.9M | — | CN¥0 | CN¥0 | −CN¥76,000 | −CN¥18.4M | −CN¥14.9M | −CN¥213.1M | −CN¥59.1M | CN¥59.8M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | −CN¥15.0M | −CN¥18.3M | −CN¥12.2M |
| Share repurchases & issuance (net) | — | CN¥7.8M | — | — | — | — | — | — | — | — |
| Net borrowing (repayment) | CN¥7.2M | CN¥7.0M | CN¥6.6M | −CN¥10.0M | — | — | — | — | — | — |
| Shares issued | CN¥0 | CN¥7.8M | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Other financing | −CN¥195,379 | −CN¥7.8M | CN¥0 | CN¥0 | CN¥414,000 | −CN¥26.8M | CN¥10.3M | CN¥242.5M | CN¥69.2M | CN¥181.3M |
| Cash from financing activities | CN¥7.0M | CN¥14.8M | CN¥6.6M | −CN¥10.0M | CN¥414,000 | −CN¥26.8M | CN¥10.3M | CN¥227.5M | CN¥50.8M | CN¥169.1M |
| Summary | ||||||||||
| Net change in cash | CN¥3.3M | CN¥2.2M | −CN¥101,000 | CN¥299,000 | −CN¥35,000 | −CN¥18.5M | −CN¥75.1M | CN¥31.1M | CN¥50.5M | CN¥156.3M |
| Cash at end of period | CN¥3.3M | CN¥2.5M | CN¥295,000 | CN¥396,000 | CN¥97,000 | CN¥3.2M | CN¥21.7M | CN¥35.2M | CN¥65.7M | CN¥985.1M |
| Free cash flow | −CN¥3.3M | −CN¥11.0M | −CN¥7.4M | CN¥10.2M | −CN¥626,000 | CN¥8.9M | −CN¥85.3M | −CN¥196.4M | CN¥58.7M | CN¥112.9M |
| Free cash flow margin | −38.4% | −98.2% | −16.6% | 48.7% | −2.2% | 18.1% | −73.1% | −251.3% | 78.4% | 14.0% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 1.0% | 37.6% | 12.8% | 193.2% | 4.7% | 0.0% |
| Operating cash flow / net income | — | — | — | — | −0.03 | 1.04 | −1.59 | −3.44 | 1.07 | — |
| Mar '26 | Dec '25 | Sep '24 | Mar '24 | Dec '23 | Sep '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | −CN¥3.1M | −CN¥4.9M | −CN¥613,500 | −CN¥170.5M | −CN¥170.5M | CN¥12.2M | −CN¥36.2M |
| Depreciation & amortization | CN¥479,965 | CN¥30,611 | CN¥90,000 | CN¥714,500 | CN¥714,500 | CN¥737,500 | CN¥737,500 |
| Change in working capital | CN¥2.6M | −CN¥53,323 | −CN¥3.7M | CN¥18.8M | CN¥18.8M | −CN¥23.7M | CN¥6.9M |
| Other non-cash items | −CN¥76,572 | CN¥1.5M | CN¥1.4M | CN¥145.6M | CN¥145.6M | CN¥10.7M | CN¥24.9M |
| Cash from operating activities | −CN¥14,708 | −CN¥3.4M | −CN¥2.9M | −CN¥5.4M | −CN¥5.4M | −CN¥82,000 | −CN¥3.7M |
| Investing activities | |||||||
| Capital expenditures | −CN¥24 | −CN¥14 | −CN¥534,000 | −CN¥534,000 | CN¥0 | CN¥0 | CN¥0 |
| Acquisitions & other investing | −CN¥1.9M | — | CN¥1.1M | CN¥0 | — | — | — |
| Cash from investing activities | −CN¥1.9M | — | CN¥534,000 | −CN¥534,000 | — | — | — |
| Financing activities | |||||||
| Shares issued | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Other financing | CN¥3.5M | CN¥3.6M | CN¥4.1M | CN¥7.4M | CN¥7.4M | CN¥7.4M | CN¥3.3M |
| Cash from financing activities | CN¥3.5M | CN¥3.6M | CN¥4.1M | CN¥7.4M | CN¥7.4M | CN¥7.4M | CN¥3.3M |
| Summary | |||||||
| Net change in cash | CN¥2.4M | CN¥860,255 | — | CN¥1.1M | CN¥1.1M | −CN¥3,000 | CN¥49,000 |
| Cash at end of period | CN¥3.3M | CN¥937,790 | CN¥2.5M | CN¥1.1M | CN¥1.1M | −CN¥3,000 | CN¥49,000 |
| Free cash flow | −CN¥14,684 | −CN¥3.4M | −CN¥2.3M | −CN¥5.4M | −CN¥5.4M | −CN¥82,000 | −CN¥3.7M |
| Free cash flow margin | −0.4% | −67.8% | −69.5% | — | — | −0.0% | −21.3% |
| Capex / revenue | 0.0% | 0.0% | 15.8% | — | — | 0.0% | 0.0% |
| Operating cash flow / net income | — | — | — | — | — | −0.01 | — |
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.
DXF cash generation
In fiscal 2025 (ended December 31, 2025), Eason Technology generated -CN¥3.3 million of cash from operations and spent CN¥0.0 million on capital expenditures, leaving free cash flow of -CN¥3.3 million, −38.4% of revenue. Cash and equivalents rose by CN¥3.3 million over the year.
Related: DXF income statement, DXF balance sheet. See the DXF stock overview for the latest quote and news.
DXF cash flow FAQ
What is Eason Technology's free cash flow?
Eason Technology's free cash flow was -CN¥3.3 million in fiscal 2025: -CN¥3.3 million of operating cash flow minus CN¥0.0 million of capital expenditures It was -CN¥11.0 million a year earlier..
How much cash does Eason Technology generate from operations?
Eason Technology generated -CN¥3.3 million of cash from operating activities in fiscal 2025.
How much does Eason Technology spend on capital expenditures?
Eason Technology spent CN¥0.0 million on capital expenditures in fiscal 2025, 0.0% of revenue.