Smart Logistics Global Limited (SLGB) Cash Flow Statement
Where SLGB’s cash came from and went, 2025
December 31, 2025 · Chinese yuan- Cash from operations
- −CN¥6.9M −722.0% vs 2024
- Capital expenditures
- CN¥41,497 0.0% of revenue
- Free cash flow
- −CN¥6.9M −7.9% margin
- Returned to shareholders
- —
- Change in cash
- −CN¥991,447 cash at year-end CN¥450,200
Cash from operations
−CN¥6.9M
Capital expenditures
−CN¥41,497
Net borrowing (repayment)
+CN¥3.9M
Shares issued
+CN¥34.9M
Other financing
−CN¥32.9M
Currency & other
+CN¥51,498
Change in cash
−CN¥991,447
Drawn to scale: where the cash came from and how it was used. Hover for values.
SLGB operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
SLGB cash flow trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | CN¥9,2702017 | −CN¥6.9M2025 | — | |
| Capital expenditures | CN¥3,0002017 | CN¥41,4972025 | +54.9%/yr | |
| Free cash flow | CN¥12,2702017 | −CN¥6.9M2025 | — | |
| Free cash flow margin | 83.5%2017 | −7.9%2025 | −91.4 pts | |
| Operating cash flow / net income | 2.442017 | 0.922024 | −1.52 | |
| Stock-based compensation | CN¥70,9972021 | CN¥27.0M2025 | +341.7%/yr | |
| Dividends paid | CN¥02023 | CN¥02025 | — | |
| Share buybacks (net) | CN¥15,9702017 | CN¥20,7822018 | +30.1%/yr | |
| Capex / revenue | 20.4%2017 | 0.0%2025 | −20.4 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SLGB cash flow by activity
OperatingInvestingFinancingChange in cash
SLGB 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).
SLGB cash flow statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | −CN¥2.5M | CN¥1.2M | CN¥1.3M | CN¥5.3M | −CN¥18.6M | −CN¥7,780 | CN¥3,792 |
| Depreciation & amortization | CN¥304,571 | CN¥359,676 | CN¥437,724 | CN¥673,833 | CN¥2,730 | CN¥2,466 | CN¥250 |
| Stock-based compensation | CN¥27.0M | CN¥0 | CN¥0 | — | CN¥70,997 | — | — |
| Change in working capital | −CN¥6.6M | CN¥192,291 | CN¥3.6M | −CN¥2.1M | CN¥3.1M | CN¥4,812 | CN¥21,843 |
| Other non-cash items | −CN¥25.1M | −CN¥645,165 | −CN¥664,364 | CN¥83,080 | CN¥10.9M | −CN¥8,586 | −CN¥16,615 |
| Cash from operating activities | −CN¥6.9M | CN¥1.1M | CN¥4.7M | CN¥4.0M | −CN¥4.5M | −CN¥9,088 | CN¥9,270 |
| Investing activities | |||||||
| Capital expenditures | −CN¥41,497 | −CN¥33,703 | −CN¥1.9M | −CN¥1.3M | −CN¥9.9M | −CN¥4,800 | −CN¥3,000 |
| Investments (net) | — | CN¥34.9M | −CN¥56.8M | −CN¥81.7M | −CN¥57.3M | — | — |
| Acquisitions & other investing | CN¥0 | −CN¥30.0M | CN¥50.7M | CN¥70.8M | CN¥67.1M | CN¥0 | CN¥0 |
| Cash from investing activities | −CN¥41,497 | CN¥4.8M | −CN¥8.0M | −CN¥12.1M | −CN¥30,000 | −CN¥4,800 | −CN¥3,000 |
| Financing activities | |||||||
| Dividends paid | CN¥0 | −CN¥6.2M | CN¥0 | — | — | — | — |
| Share repurchases & issuance (net) | — | — | — | — | — | −CN¥20,782 | −CN¥15,970 |
| Net borrowing (repayment) | CN¥3.9M | CN¥8.0M | CN¥10.1M | CN¥5.0M | −CN¥3.0M | — | — |
| Shares issued | CN¥34.9M | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Other financing | −CN¥32.9M | −CN¥7.7M | −CN¥6.1M | CN¥3.0M | CN¥3.0M | CN¥39,482 | CN¥20,570 |
| Cash from financing activities | CN¥5.9M | −CN¥5.9M | CN¥4.0M | CN¥8.0M | CN¥3,668 | CN¥18,700 | CN¥4,600 |
| Summary | |||||||
| Net change in cash | −CN¥991,447 | −CN¥490,124 | CN¥577,968 | CN¥1.4M | CN¥848,949 | CN¥4,812 | CN¥10,870 |
| Cash at end of period | CN¥450,200 | CN¥1.4M | CN¥1.9M | CN¥1.4M | CN¥928,796 | CN¥20,782 | CN¥15,970 |
| Free cash flow | −CN¥6.9M | CN¥1.1M | CN¥2.8M | CN¥2.7M | −CN¥4.5M | −CN¥13,888 | CN¥12,270 |
| Free cash flow margin | −7.9% | 1.1% | 2.8% | 2.2% | −41.8% | −104.9% | 83.5% |
| Capex / revenue | 0.0% | 0.0% | 1.9% | 1.1% | 91.2% | 36.3% | 20.4% |
| Operating cash flow / net income | — | 0.92 | 3.56 | 0.74 | — | — | 2.44 |
| Mar '26 | Jun '25 | Sep '21 | Jun '21 | Dec '20 | Sep '20 | Jun '20 | Jun '18 | Dec '17 | Sep '17 | Jun '17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | −CN¥3.4M | CN¥803,544 | −CN¥38.8M | −CN¥3.4M | −CN¥1.3M | −CN¥2,524 | −CN¥1.4M | −CN¥3,713 | −CN¥2,461 | CN¥864 | −CN¥2,470 |
| Depreciation & amortization | CN¥137,715 | CN¥166,551 | CN¥90,789 | CN¥41,169 | CN¥1 | CN¥286,251 | CN¥233,708 | CN¥650 | CN¥784 | CN¥516 | CN¥516 |
| Stock-based compensation | — | — | CN¥32.4M | CN¥187,803 | CN¥447 | CN¥183,845 | CN¥65,826 | — | — | — | — |
| Change in working capital | −CN¥4.5M | −CN¥2.2M | CN¥3.2M | CN¥3.6M | −CN¥516,779 | −CN¥3.8M | CN¥691,950 | −CN¥998 | CN¥2,357 | CN¥10,980 | −CN¥7,527 |
| Other non-cash items | CN¥2.2M | −CN¥241,380 | −CN¥2.8M | −CN¥527,469 | CN¥1.8M | CN¥3.4M | −CN¥1.2M | CN¥3,063 | −CN¥2,323 | −CN¥10,980 | CN¥1,654 |
| Cash from operating activities | −CN¥5.5M | −CN¥1.4M | −CN¥5.9M | −CN¥104,683 | −CN¥3,139 | CN¥51,412 | −CN¥1.6M | −CN¥998 | −CN¥1,643 | CN¥1,380 | −CN¥7,827 |
| Investing activities | |||||||||||
| Capital expenditures | −CN¥9,439 | −CN¥32,432 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | −CN¥4,800 | CN¥0 | −CN¥4,800 |
| Acquisitions & other investing | −CN¥1 | CN¥1 | −CN¥1.1M | −CN¥300,000 | −CN¥30 | — | −CN¥1,393 | — | — | — | CN¥0 |
| Cash from investing activities | −CN¥9,440 | −CN¥32,431 | −CN¥1.1M | −CN¥300,000 | −CN¥30 | — | −CN¥1,393 | — | — | — | −CN¥4,800 |
| Financing activities | |||||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | CN¥998 | −CN¥2,357 | −CN¥10,980 | −CN¥8,443 |
| Shares issued | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 | CN¥0 |
| Other financing | CN¥5.4M | CN¥514,692 | CN¥7.7M | CN¥500,000 | CN¥3,420 | — | CN¥1.6M | — | CN¥6,357 | CN¥20,580 | CN¥13,543 |
| Cash from financing activities | CN¥5.4M | CN¥514,692 | CN¥7.7M | CN¥500,000 | CN¥3,420 | — | CN¥1.6M | — | CN¥4,000 | CN¥9,600 | CN¥5,100 |
| Summary | |||||||||||
| Net change in cash | −CN¥7,183 | CN¥457,383 | CN¥734,352 | CN¥84,513 | −CN¥322 | CN¥548,903 | CN¥24,121 | −CN¥998 | CN¥2,357 | CN¥10,980 | −CN¥7,527 |
| Cash at end of period | CN¥450,200 | CN¥457,383 | CN¥1.7M | CN¥1.0M | CN¥330 | CN¥652,871 | CN¥103,968 | CN¥20,782 | CN¥21,780 | CN¥19,423 | CN¥8,443 |
| Free cash flow | −CN¥5.5M | −CN¥1.5M | −CN¥5.9M | −CN¥104,683 | −CN¥3,139 | CN¥51,412 | −CN¥1.6M | −CN¥998 | −CN¥6,443 | CN¥1,380 | −CN¥3,027 |
| Free cash flow margin | −13.3% | −3.2% | −109.2% | −4.1% | −0.1% | 2.0% | −282.2% | — | — | 26.0% | −38.1% |
| Capex / revenue | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | 0.0% | 60.5% |
| Operating cash flow / net income | — | −1.80 | — | — | — | — | — | — | — | 1.60 | — |
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.
SLGB cash generation
In fiscal 2025 (ended December 31, 2025), Smart Logistics Global generated -CN¥6.9 million of cash from operations (down 722.0%) and spent CN¥0.0 million on capital expenditures, leaving free cash flow of -CN¥6.9 million, −7.9% of revenue. Cash and equivalents fell by CN¥1.0 million over the year.
Related: SLGB income statement, SLGB balance sheet. See the SLGB stock overview for the latest quote and news.
SLGB cash flow FAQ
What is Smart Logistics Global's free cash flow?
Smart Logistics Global's free cash flow was -CN¥6.9 million in fiscal 2025: -CN¥6.9 million of operating cash flow minus CN¥0.0 million of capital expenditures It was CN¥1.1 million a year earlier..
How much cash does Smart Logistics Global generate from operations?
Smart Logistics Global generated -CN¥6.9 million of cash from operating activities in fiscal 2025.
How much does Smart Logistics Global spend on capital expenditures?
Smart Logistics Global spent CN¥0.0 million on capital expenditures in fiscal 2025, 0.0% of revenue, compared with CN¥0.0 million the year before.