Yimutian Inc. (YMT) Cash Flow Statement

NASDAQ: YMTOperating cash, capex, free cash flow and buybacks.

Where YMT’s cash came from and went, 2025

December 31, 2025 · Chinese yuan

Cash from operations: −CN¥49.2M
Capital expenditures: CN¥850,000
Free cash flow: −CN¥50.0M
Returned to shareholders: —
Change in cash: CN¥106.7M

Cash from operations

−CN¥49.2M

Capital expenditures

−CN¥850,000

Net borrowing (repayment)

+CN¥45.7M

Shares issued

+CN¥116.0M

Other financing

−CN¥6.4M

Currency & other

+CN¥1.5M

Change in cash

CN¥106.7M

Drawn to scale: where the cash came from and how it was used. Hover for values.

YMT operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

YMT cash flow trends, 2021–2025

Yimutian Inc. American Depositary Shares cash flow trends
Metric	Then	Latest	Change
Operating cash flow	−CN¥67.4M2021	−CN¥49.2M2025	—
Capital expenditures	CN¥1.7M2021	CN¥850,0002025	−15.4%/yr
Free cash flow	−CN¥69.1M2021	−CN¥50.0M2025	—
Free cash flow margin	−52.9%2021	−35.6%2025	+17.3 pts
Stock-based compensation	CN¥51.4M2023	CN¥02025	−100.0%
Capex / revenue	1.3%2021	0.6%2025	−0.7 pts

Change is the average annual growth (CAGR) or the difference between the first and latest year.

YMT cash flow by activity

OperatingInvestingFinancingChange in cash

YMT 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).

YMT cash flow statement in Chinese yuan

Yimutian Inc. American Depositary Shares annual cash flow statement
	2025	2024	2023	2022	2021
Operating activities
Net income	−CN¥47.4M	−CN¥34.9M	−CN¥105.6M	−CN¥115.8M	−CN¥180.8M
Depreciation & amortization	CN¥1.1M	CN¥1.5M	CN¥2.0M	CN¥1.6M	CN¥1.4M
Stock-based compensation	CN¥0	CN¥0	CN¥51.4M	—	—
Change in working capital	−CN¥4.6M	−CN¥28.4M	CN¥31.6M	CN¥30.5M	CN¥32.3M
Other non-cash items	CN¥1.7M	CN¥399,000	CN¥2.6M	CN¥47.4M	CN¥79.7M
Cash from operating activities	−CN¥49.2M	−CN¥61.4M	−CN¥18.0M	−CN¥36.2M	−CN¥67.4M
Investing activities
Capital expenditures	−CN¥850,000	−CN¥351,000	−CN¥2.1M	−CN¥1.3M	−CN¥1.7M
Investments (net)	CN¥0	CN¥149,000	−CN¥3.2M	−CN¥1.8M	−CN¥3.5M
Acquisitions & other investing	CN¥0	CN¥351,000	CN¥2.1M	CN¥1.3M	CN¥1.7M
Cash from investing activities	−CN¥850,000	CN¥149,000	−CN¥3.2M	−CN¥1.8M	−CN¥3.5M
Financing activities
Net borrowing (repayment)	CN¥45.7M	CN¥37.9M	CN¥10.0M	−CN¥45.6M	−CN¥13.7M
Shares issued	CN¥116.0M	CN¥995,000	CN¥7.7M	CN¥52.2M	CN¥45.0M
Other financing	−CN¥6.4M	CN¥21.5M	CN¥786,000	CN¥19.5M	CN¥32.0M
Cash from financing activities	CN¥155.3M	CN¥60.4M	CN¥18.5M	CN¥26.1M	CN¥63.3M
Summary
Net change in cash	CN¥106.7M	−CN¥1.1M	−CN¥2.9M	−CN¥10.6M	−CN¥7.3M
Cash at end of period	CN¥109.5M	CN¥2.8M	CN¥3.8M	CN¥6.7M	CN¥17.3M
Free cash flow	−CN¥50.0M	−CN¥61.8M	−CN¥20.0M	−CN¥37.5M	−CN¥69.1M
Free cash flow margin	−35.6%	−38.3%	−10.7%	−24.1%	−52.9%
Capex / revenue	0.6%	0.2%	1.1%	0.9%	1.3%

Yimutian Inc. American Depositary Shares quarterly cash flow statement
	Mar '25	Mar '24
Operating activities
Net income	−CN¥2.9M	−CN¥13.4M
Depreciation & amortization	CN¥355,000	CN¥345,000
Change in working capital	CN¥1.5M	−CN¥6.9M
Other non-cash items	CN¥35,000	CN¥250,000
Cash from operating activities	−CN¥1.1M	−CN¥19.7M
Investing activities
Capital expenditures	−CN¥570,000	−CN¥133,000
Investments (net)	−CN¥570,000	−CN¥133,000
Acquisitions & other investing	CN¥570,000	CN¥133,000
Cash from investing activities	−CN¥570,000	−CN¥133,000
Financing activities
Net borrowing (repayment)	CN¥5.9M	CN¥21.5M
Shares issued	CN¥0	CN¥0
Other financing	−CN¥6.4M	−CN¥3.5M
Cash from financing activities	−CN¥533,000	CN¥18.0M
Summary
Net change in cash	−CN¥2.1M	−CN¥1.8M
Cash at end of period	CN¥632,000	CN¥2.0M
Free cash flow	−CN¥1.6M	−CN¥19.9M
Free cash flow margin	−4.8%	−50.6%
Capex / revenue	1.7%	0.3%

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.

YMT cash generation

In fiscal 2025 (ended December 31, 2025), Yimutian Inc. generated -CN¥49.2 million of cash from operations and spent CN¥0.8 million on capital expenditures, leaving free cash flow of -CN¥50.0 million, −35.6% of revenue. Cash and equivalents rose by CN¥106.7 million over the year.

Related: YMT income statement, YMT balance sheet. See the YMT stock overview for the latest quote and news.

YMT cash flow FAQ

What is Yimutian Inc.'s free cash flow?

Yimutian Inc.'s free cash flow was -CN¥50.0 million in fiscal 2025: -CN¥49.2 million of operating cash flow minus CN¥0.8 million of capital expenditures It was -CN¥61.8 million a year earlier..

How much cash does Yimutian Inc. generate from operations?

Yimutian Inc. generated -CN¥49.2 million of cash from operating activities in fiscal 2025.

How much does Yimutian Inc. spend on capital expenditures?

Yimutian Inc. spent CN¥0.8 million on capital expenditures in fiscal 2025, 0.6% of revenue, compared with CN¥0.4 million the year before.