Z.AI
$626.50Change from previous close: −2.26%Absolute change: −$14.50
At a glance
- Revenue growth
- +131.85%
- 2025 vs 2024
- Net margin
- -648.6%
- 2024: -946.3%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating cash flow | -2,246 | -2,245 | -648 | -68.2 |
| Depreciation and amortization | 279 | 279 | 68.8 | 20.0 |
| Capital expenditure | -11.5 | -126 | -507 | -31.7 |
| Investing cash flow | -376 | -48.6 | -785 | 32.9 |
| Financing cash flow | 2,614 | 3,312 | 2,463 | 191 |
| Debt issued | 1,389 | 267 | 0.0 | 0.0 |
| Debt repaid | -137 | 0.0 | — | — |
| Effect of exchange rates | -5.3 | 0.4 | 0.2 | 0.0 |
| Net change in cash | -13.2 | 1,019 | 1,030 | 156 |
| Free cash flow | -2,258 | -2,371 | -1,155 | -99.9 |
| Levered free cash flow | 2,492 | 2,167 | 1,784 | — |