Wangsu Science & Technology Co., Ltd. (WANGSU) cash flow statement

SHZ · Technology · Software - Infrastructure · 1,364 employees · CEO Ke Hong

Price: CN¥15.35 +6.23%
Market cap: CN¥38.3B
Enterprise value: CN¥37.3B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-16

In Q3 '26 Wangsu Science & Technology Co., Ltd. (WANGSU) generated CN¥334M of operating cash flow, invested CN¥67.1M in capital expenditure and kept CN¥267M of free cash flow. Over the last four quarters free cash flow was CN¥786M.

Cash flow

Cash flow	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Operating
Net income	CN¥187M	CN¥138M	CN¥159M	CN¥132M	CN¥245M	CN¥192M	CN¥181M	CN¥244M	CN¥183M	CN¥121M	CN¥227M	CN¥229M
Depreciation & amortization	CN¥83M	CN¥69.4M	CN¥69.4M	CN¥65.3M	CN¥65.3M	CN¥49.2M	CN¥49.2M	CN¥43.7M	CN¥43.7M	CN¥0	CN¥44.3M	CN¥0
Stock-based compensation	CN¥39.4M	CN¥0	CN¥46.5M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Deferred income tax	-CN¥185M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Change in working capital	CN¥146M	CN¥0	-CN¥79.3M	CN¥79.3M	-CN¥29.3M	CN¥0	-CN¥104M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-cash items	-CN¥199M	CN¥36.1M	-CN¥192M	CN¥234M	-CN¥169M	-CN¥37.1M	CN¥46.3M	CN¥249M	CN¥189M	CN¥98.3M	CN¥19.9M	CN¥105M
Operating cash flow	CN¥71.1M	CN¥244M	CN¥2.82M	CN¥511M	CN¥112M	CN¥204M	CN¥172M	CN¥493M	CN¥189M	CN¥219M	CN¥291M	CN¥334M
Investing
Capital expenditure	-CN¥44.4M	-CN¥39.1M	-CN¥42.3M	-CN¥31.2M	-CN¥25.4M	-CN¥20.2M	-CN¥49.4M	-CN¥62.7M	-CN¥31.5M	-CN¥60.5M	-CN¥88.8M	-CN¥67.1M
Acquisitions	CN¥14.6M	CN¥1.6M	CN¥41.5M	-CN¥4.51M	CN¥94.9M	CN¥53.6M	-CN¥65.1M	CN¥86.5M	-CN¥98.7M	CN¥1.06M	CN¥1.37M	CN¥1.73M
Purchases of investments	-CN¥1.57B	-CN¥1.5B	-CN¥1.8B	-CN¥1.79B	-CN¥1.73B	-CN¥1.39B	-CN¥1.32B	-CN¥1.5B	-CN¥1.92B	-CN¥1.71B	-CN¥1.64B	-CN¥1.15B
Sales / maturities of investments	CN¥1.7B	CN¥1.54B	CN¥1.43B	CN¥1.2B	CN¥1.89B	CN¥1.03B	CN¥886M	CN¥1.42B	CN¥2.75B	CN¥1.36B	CN¥1.76B	CN¥944M
Other investing	CN¥2.52M	-CN¥761K	CN¥6.93M	CN¥10.3M	CN¥8.3M	CN¥3.01K	CN¥4.58M	CN¥0	CN¥746K	CN¥0	CN¥0	CN¥0
Investing cash flow	CN¥101M	CN¥9.34M	-CN¥365M	-CN¥605M	CN¥143M	-CN¥333M	-CN¥546M	-CN¥59.2M	CN¥707M	-CN¥409M	CN¥33.2M	-CN¥271M
Financing
Net debt issued / repaid	-CN¥199M	CN¥0	CN¥480M	CN¥361M	-CN¥142M	CN¥140M	CN¥142M	CN¥0	-CN¥253M	-CN¥88.2M	CN¥53.1M	CN¥441M
Share buybacks	-CN¥475K	CN¥0	CN¥0	CN¥0	-CN¥2.83M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Dividends	-CN¥1.34M	-CN¥546K	-CN¥606M	-CN¥699K	-CN¥2.51M	-CN¥1.59M	-CN¥618M	CN¥0	-CN¥3.09M	-CN¥1.16M	CN¥0	-CN¥202M
Other financing (incl. tax on vested shares)	CN¥138M	-CN¥5.26M	CN¥28.9M	CN¥55.2M	CN¥99.1M	CN¥26.7M	-CN¥6.05M	-CN¥402M	-CN¥5.07M	-CN¥6.6M	CN¥192M	-CN¥188M
Financing cash flow	-CN¥62.7M	-CN¥5.8M	-CN¥97M	CN¥415M	-CN¥48.6M	CN¥166M	-CN¥482M	-CN¥402M	-CN¥262M	-CN¥95.9M	-CN¥379M	CN¥50.4M
Summary
FX effect on cash	-CN¥17.3M	CN¥5.3M	-CN¥11.5M	-CN¥19.3M	CN¥8.44M	-CN¥3.92M	CN¥5.44M	CN¥487K	-CN¥85.2M	-CN¥288M	CN¥426M	CN¥47.5M
Net change in cash	CN¥92M	CN¥253M	-CN¥460M	CN¥301M	CN¥215M	CN¥32.5M	-CN¥851M	CN¥32.4M	CN¥549M	-CN¥574M	CN¥371M	CN¥162M
Free cash flow (OCF - capex)	CN¥82.9M	CN¥222M	CN¥6.35M	CN¥479M	CN¥86.6M	CN¥184M	CN¥123M	CN¥430M	CN¥158M	CN¥159M	CN¥202M	CN¥267M

Cash flow	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Operating
Net income	CN¥1.25B	CN¥830M	CN¥804M	CN¥37.2M	CN¥220M	CN¥164M	CN¥184M	CN¥606M	CN¥671M	CN¥795M
Depreciation & amortization	CN¥187M	CN¥383M	CN¥541M	CN¥581M	CN¥540M	CN¥515M	CN¥431M	CN¥353M	CN¥269M	CN¥179M
Stock-based compensation	CN¥0	CN¥0	CN¥0	-CN¥18.8M	CN¥12.2M	CN¥47.1M	CN¥21.4M	CN¥0	CN¥0	CN¥0
Deferred income tax	-CN¥1.37M	-CN¥28.9M	CN¥0	-CN¥52.9M	-CN¥4.99M	-CN¥21.9M	-CN¥3.22M	CN¥0	CN¥0	CN¥0
Change in working capital	-CN¥385M	-CN¥344M	-CN¥502M	-CN¥138M	-CN¥20.4M	CN¥317M	CN¥315M	CN¥47.3M	CN¥189M	CN¥322M
Other non-cash items	CN¥22.4M	-CN¥201M	-CN¥107M	CN¥202M	CN¥50.9M	-CN¥185M	-CN¥16M	-CN¥215M	-CN¥260M	-CN¥311M
Operating cash flow	CN¥1.07B	CN¥639M	CN¥735M	CN¥611M	CN¥798M	CN¥836M	CN¥932M	CN¥792M	CN¥869M	CN¥985M
Investing
Capital expenditure	-CN¥1.03B	-CN¥987M	-CN¥1.44B	-CN¥804M	-CN¥415M	-CN¥255M	-CN¥189M	-CN¥86.7M	-CN¥138M	-CN¥164M
Acquisitions	CN¥1.76M	-CN¥1.16B	CN¥8.51M	CN¥643M	CN¥60.7M	CN¥45.5M	CN¥83.9M	CN¥65.7M	CN¥971K	-CN¥84.7M
Purchases of investments	-CN¥9.5B	-CN¥6.59B	-CN¥9.63B	-CN¥13.5B	-CN¥10.2B	-CN¥7.94B	-CN¥10.1B	-CN¥8.82B	-CN¥6.82B	-CN¥6.13B
Sales / maturities of investments	CN¥5.64B	CN¥8.37B	CN¥9.1B	CN¥12.8B	CN¥9.74B	CN¥7.3B	CN¥10.5B	CN¥7.68B	CN¥6.12B	CN¥6.16B
Other investing	-CN¥4.61M	CN¥50.4M	CN¥11.9M	CN¥41.2M	CN¥9.44M	CN¥5.32M	-CN¥72.7M	CN¥202M	CN¥25.4M	CN¥9.81M
Investing cash flow	-CN¥4.89B	-CN¥313M	-CN¥1.95B	-CN¥741M	-CN¥816M	-CN¥839M	CN¥224M	-CN¥1.02B	-CN¥807M	-CN¥215M
Financing
Net debt issued / repaid	-CN¥25.8M	CN¥661M	CN¥699M	CN¥568M	CN¥9.33M	CN¥357M	-CN¥450M	-CN¥26M	CN¥696M	-CN¥411M
Share buybacks	CN¥0	CN¥0	-CN¥4.04M	-CN¥70.7M	-CN¥30.3M	-CN¥25.2M	-CN¥92M	-CN¥475K	-CN¥2.83M	CN¥0
Dividends	-CN¥160M	-CN¥210M	-CN¥119M	-CN¥110M	-CN¥78.3M	-CN¥36.5M	-CN¥84.9M	-CN¥123M	-CN¥610M	-CN¥624M
Other financing (incl. tax on vested shares)	CN¥100M	CN¥40.7M	CN¥131M	CN¥18M	-CN¥4.57M	-CN¥167M	CN¥70.7M	CN¥144M	CN¥181M	CN¥112M
Financing cash flow	CN¥3.58B	CN¥492M	CN¥707M	CN¥406M	-CN¥98.4M	CN¥141M	-CN¥545M	-CN¥3.42M	CN¥264M	-CN¥923M
Summary
FX effect on cash	CN¥23.3M	CN¥1.62M	CN¥39.4M	CN¥3.49M	-CN¥53.4M	-CN¥19.3M	-CN¥7.27M	CN¥21.1M	-CN¥17.1M	-CN¥98.4M
Net change in cash	-CN¥222M	CN¥819M	-CN¥467M	CN¥279M	-CN¥171M	CN¥118M	CN¥604M	-CN¥213M	CN¥309M	-CN¥252M
Free cash flow (OCF - capex)	CN¥42M	-CN¥348M	-CN¥702M	-CN¥193M	CN¥383M	CN¥581M	CN¥743M	CN¥705M	CN¥731M	CN¥821M

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Share count and EPS

quarterly, diluted

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02