WiMi Hologram Cloud Inc ADR (WIMI) Cash Flow Statement
Where WIMI’s cash came from and went, 2025
December 31, 2025 · Chinese yuan- Cash from operations
- CN¥114.5M −78.5% vs 2024
- Capital expenditures
- CN¥57.1M 13.9% of revenue
- Free cash flow
- CN¥57.4M 14.0% margin
- Returned to shareholders
- —
- Change in cash
- CN¥289.3M cash at year-end CN¥1.31B
Cash from operations
CN¥114.5M
Capital expenditures
−CN¥57.1M
Investments (net)
−CN¥819.4M
Acquisitions & other
+CN¥25.2M
Net borrowing (repayment)
+CN¥273.7M
Shares issued
+CN¥863.9M
Other financing
−CN¥31.0M
Currency & other
−CN¥80.5M
Change in cash
CN¥289.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
WIMI operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
WIMI cash flow trends, 2017–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | CN¥108.1M2017 | CN¥114.5M2025 | +0.7%/yr | |
| Capital expenditures | CN¥2.0M2017 | CN¥57.1M2025 | +52.4%/yr | |
| Free cash flow | CN¥106.1M2017 | CN¥57.4M2025 | −7.4%/yr | |
| Free cash flow margin | 55.2%2017 | 14.0%2025 | −41.3 pts | |
| Operating cash flow / net income | 1.472017 | 0.382025 | −1.09 | |
| Stock-based compensation | −CN¥317,2872017 | CN¥22.1M2025 | — | |
| Capex / revenue | 1.0%2017 | 13.9%2025 | +12.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WIMI cash flow by activity
OperatingInvestingFinancingChange in cash
WIMI 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).
WIMI cash flow statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | CN¥300.8M | CN¥103.3M | −CN¥510.4M | −CN¥376.8M | −CN¥254.4M | −CN¥145.0M | CN¥102.2M | CN¥89.2M | CN¥73.3M |
| Depreciation & amortization | CN¥6.1M | CN¥7.0M | CN¥2.2M | CN¥12.2M | CN¥19.7M | CN¥14.8M | CN¥13.9M | CN¥13.5M | CN¥12.8M |
| Stock-based compensation | CN¥22.1M | CN¥0 | CN¥55.7M | CN¥6.4M | CN¥10.6M | CN¥191.4M | CN¥1.6M | −CN¥297,409 | −CN¥317,287 |
| Change in working capital | CN¥110.6M | CN¥331.6M | CN¥287.1M | −CN¥6.2M | CN¥10.3M | −CN¥123.7M | CN¥16.3M | −CN¥6.6M | CN¥19.5M |
| Other non-cash items | −CN¥325.0M | CN¥91.0M | CN¥253.9M | CN¥126.2M | CN¥272.0M | −CN¥4.5M | CN¥10.0M | CN¥3.6M | CN¥2.7M |
| Cash from operating activities | CN¥114.5M | CN¥532.9M | CN¥88.6M | −CN¥238.2M | CN¥58.2M | −CN¥67.0M | CN¥144.0M | CN¥99.5M | CN¥108.1M |
| Investing activities | |||||||||
| Capital expenditures | −CN¥57.1M | −CN¥28,641 | −CN¥68.1M | −CN¥1.1M | −CN¥25.2M | −CN¥484,774 | −CN¥195,998 | −CN¥46,572 | −CN¥2.0M |
| Investments (net) | −CN¥819.4M | −CN¥416.8M | −CN¥304.7M | −CN¥90.3M | CN¥461,010 | −CN¥132.2M | −CN¥126.5M | −CN¥98.6M | CN¥111,100 |
| Acquisitions & other investing | CN¥25.2M | CN¥28,641 | CN¥68.1M | CN¥1.1M | −CN¥213.0M | −CN¥95.5M | CN¥195,998 | CN¥46,572 | −CN¥116.5M |
| Cash from investing activities | −CN¥851.3M | −CN¥416.8M | −CN¥304.7M | −CN¥90.3M | −CN¥237.7M | −CN¥228.1M | −CN¥126.5M | −CN¥98.6M | −CN¥118.4M |
| Financing activities | |||||||||
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | CN¥137.7M | — |
| Net borrowing (repayment) | CN¥273.7M | CN¥647.0M | CN¥3.9M | −CN¥30.1M | −CN¥12.2M | −CN¥16.1M | −CN¥41.0M | −CN¥244,007 | −CN¥33.8M |
| Shares issued | CN¥863.9M | CN¥20.6M | CN¥0 | CN¥139.0M | CN¥508.1M | CN¥572.8M | CN¥0 | CN¥137.7M | CN¥0 |
| Other financing | −CN¥31.0M | CN¥0 | CN¥0 | CN¥0 | CN¥83.5M | CN¥5.9M | CN¥0 | −CN¥137.7M | CN¥30.0M |
| Cash from financing activities | CN¥1.11B | CN¥667.6M | CN¥3.9M | CN¥108.9M | CN¥579.4M | CN¥562.6M | −CN¥41.0M | CN¥137.5M | −CN¥3.8M |
| Summary | |||||||||
| Net change in cash | CN¥289.3M | CN¥732.3M | −CN¥234.6M | −CN¥179.6M | CN¥384.2M | CN¥239.1M | −CN¥22.9M | CN¥139.3M | −CN¥14.3M |
| Cash at end of period | CN¥1.31B | CN¥1.07B | CN¥338.2M | CN¥572.8M | CN¥752.3M | CN¥368.1M | CN¥129.0M | CN¥151.9M | CN¥12.7M |
| Free cash flow | CN¥57.4M | CN¥532.9M | CN¥20.5M | −CN¥239.3M | CN¥33.0M | −CN¥67.4M | CN¥143.8M | CN¥99.4M | CN¥106.1M |
| Free cash flow margin | 14.0% | 98.3% | 3.5% | −35.1% | 3.5% | −8.8% | 45.0% | 44.1% | 55.2% |
| Capex / revenue | 13.9% | 0.0% | 11.6% | 0.2% | 2.7% | 0.1% | 0.1% | 0.0% | 1.0% |
| Operating cash flow / net income | 0.38 | 5.16 | — | — | — | — | 1.41 | 1.11 | 1.47 |
| Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −CN¥43.2M | −CN¥43.2M | CN¥101.5M | CN¥53.1M | CN¥53.1M | CN¥32.0M | CN¥3.8M | −CN¥209.5M | −CN¥2.3M | −CN¥1.1M | −CN¥158.9M | −CN¥158.9M |
| Depreciation & amortization | CN¥1.2M | CN¥1.2M | CN¥909,090 | CN¥2.2M | CN¥2.2M | CN¥2.0M | CN¥1.5M | CN¥592,181 | CN¥370,919 | CN¥527,648 | CN¥527,648 | CN¥3.0M |
| Stock-based compensation | — | CN¥22.1M | −CN¥63,475 | CN¥11.1M | CN¥11.1M | — | CN¥186.2M | CN¥26.3M | CN¥11.2M | CN¥1.6M | — | CN¥1.7M |
| Change in working capital | −CN¥14.2M | −CN¥14.2M | CN¥1.5M | CN¥46.1M | CN¥46.1M | CN¥115.2M | CN¥51.4M | CN¥154.4M | −CN¥1.8M | −CN¥13.8M | — | CN¥16.5M |
| Other non-cash items | CN¥51.7M | CN¥29.6M | −CN¥151.8M | −CN¥5.7M | −CN¥5.7M | CN¥42.1M | −CN¥167.7M | CN¥74.6M | −CN¥11.8M | CN¥10.8M | CN¥156.3M | CN¥21.5M |
| Cash from operating activities | −CN¥4.6M | −CN¥4.6M | −CN¥48.0M | CN¥106.8M | CN¥106.8M | CN¥191.3M | CN¥75.1M | CN¥46.3M | −CN¥4.3M | −CN¥2.0M | −CN¥2.0M | −CN¥116.2M |
| Investing activities | ||||||||||||
| Capital expenditures | CN¥0 | −CN¥58.7M | −CN¥29.4M | −CN¥2,478 | −CN¥2,478 | −CN¥12,674 | −CN¥1,647 | −CN¥33.9M | −CN¥232,306 | −CN¥111,154 | −CN¥111,154 | −CN¥72,164 |
| Investments (net) | — | — | — | — | — | — | — | — | −CN¥83.8M | −CN¥83.8M | −CN¥83.8M | −CN¥83.8M |
| Acquisitions & other investing | CN¥49.6M | CN¥108.4M | −CN¥227.6M | −CN¥180.6M | −CN¥180.6M | −CN¥99.1M | −CN¥109.3M | −CN¥34.6M | −CN¥91.3M | CN¥0 | CN¥0 | CN¥37.4M |
| Cash from investing activities | CN¥49.6M | CN¥49.6M | −CN¥257.0M | −CN¥180.6M | −CN¥180.6M | −CN¥99.1M | −CN¥109.3M | −CN¥68.5M | −CN¥175.3M | −CN¥83.9M | −CN¥83.9M | −CN¥46.4M |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | — | — | — | — | — | — | — | — | CN¥8.0M | CN¥8.0M | CN¥8.0M | CN¥8.0M |
| Shares issued | CN¥0 | 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¥41.8M | CN¥41.8M | CN¥527.0M | CN¥527.0M | CN¥190.5M | CN¥143.3M | −CN¥6.1M | CN¥8.8M | CN¥0 | CN¥0 | CN¥80.8M |
| Cash from financing activities | — | CN¥41.8M | CN¥41.8M | CN¥527.0M | CN¥527.0M | CN¥190.5M | CN¥143.3M | −CN¥6.1M | CN¥16.8M | CN¥8.0M | CN¥8.0M | CN¥88.8M |
| Summary | ||||||||||||
| Net change in cash | — | — | — | — | — | −CN¥502.7M | −CN¥10.7M | −CN¥43.1M | −CN¥173.7M | −CN¥74.2M | −CN¥74.2M | −CN¥66.6M |
| Cash at end of period | — | — | — | — | — | CN¥502.7M | CN¥337.8M | −CN¥43.1M | CN¥423.1M | −CN¥74.2M | CN¥105.5M | CN¥639.4M |
| Free cash flow | −CN¥4.6M | −CN¥4.6M | −CN¥77.3M | CN¥106.8M | CN¥106.8M | CN¥191.3M | CN¥75.1M | CN¥12.4M | −CN¥4.5M | −CN¥2.1M | −CN¥2.1M | −CN¥116.1M |
| Free cash flow margin | −6.7% | −6.7% | −66.1% | 113.5% | 113.5% | 152.4% | 51.7% | 7.7% | −3.4% | −1.6% | — | −93.7% |
| Capex / revenue | 0.0% | 85.9% | 25.1% | 0.0% | 0.0% | 0.0% | 0.0% | 21.2% | 0.2% | 0.1% | — | 0.1% |
| Operating cash flow / net income | — | — | −0.47 | 2.01 | 2.01 | 5.98 | 19.60 | — | — | — | — | — |
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.
WIMI cash generation
In fiscal 2025 (ended December 31, 2025), WiMi Hologram Cloud Inc ADR generated CN¥114.5 million of cash from operations (down 78.5%) and spent CN¥57.1 million on capital expenditures, leaving free cash flow of CN¥57.4 million, 14.0% of revenue. Cash and equivalents rose by CN¥289.3 million over the year.
Related: WIMI income statement, WIMI balance sheet. See the WIMI stock overview for the latest quote and news.
WIMI cash flow FAQ
What is WiMi Hologram Cloud Inc ADR's free cash flow?
WiMi Hologram Cloud Inc ADR's free cash flow was CN¥57.4 million in fiscal 2025: CN¥114.5 million of operating cash flow minus CN¥57.1 million of capital expenditures It was CN¥532.9 million a year earlier..
How much cash does WiMi Hologram Cloud Inc ADR generate from operations?
WiMi Hologram Cloud Inc ADR generated CN¥114.5 million of cash from operating activities in fiscal 2025, 0.38 times its net income of CN¥300.8 million.
How much does WiMi Hologram Cloud Inc ADR spend on capital expenditures?
WiMi Hologram Cloud Inc ADR spent CN¥57.1 million on capital expenditures in fiscal 2025, 13.9% of revenue, compared with CN¥0.0 million the year before.