Grace Fabric Technology Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,171	833.82	660.4	612.1	808.16
Other Revenue	-	0.82	0.76	-	-
Revenue	1,171	834.63	661.15	612.1	808.16
Revenue Growth (YoY)	40.30%	26.24%	8.02%	-24.26%	30.23%
Cost of Revenue	754.47	688.09	614.12	452.5	533.61
Gross Profit	416.57	146.54	47.03	159.6	274.55
Selling, General & Admin	92.56	69.93	64.08	91.74	86.04
Research & Development	62.92	43.56	34.02	36.12	28.17
Other Operating Expenses	-1.14	3.37	8.3	7.43	6.18
Operating Expenses	154.34	117.54	106.9	134.69	121.01
Operating Income	262.22	29	-59.87	24.91	153.55
Interest Expense	-	-34.85	-31.84	-34.44	-31.55
Interest & Investment Income	3.07	5.9	5.03	9.3	8.7
Currency Exchange Gain (Loss)	-	1.55	-3.83	9.53	0.2
Other Non Operating Income (Expenses)	-34.96	-0.12	0.17	-0.32	-0.28
EBT Excluding Unusual Items	230.33	1.48	-90.33	8.99	130.62
Gain (Loss) on Sale of Investments	-	-	-	0.37	0.24
Gain (Loss) on Sale of Assets	-0.07	0.26	3.04	34.53	-0.16
Asset Writedown	-5.61	-	-	-	-
Other Unusual Items	-	18.08	19.32	13.95	9.71
Pretax Income	224.65	19.81	-67.97	57.84	140.42
Income Tax Expense	22.74	-2.99	-4.87	5.46	16.16
Net Income	201.91	22.8	-63.09	52.37	124.26
Net Income to Common	201.91	22.8	-63.09	52.37	124.26
Net Income Growth	785.55%	-	-	-57.85%	6.13%
Shares Outstanding (Basic)	878	760	901	873	888
Shares Outstanding (Diluted)	878	760	901	873	888
Shares Change (YoY)	15.51%	-15.68%	3.26%	-1.66%	-1.45%
EPS (Basic)	0.23	0.03	-0.07	0.06	0.14
EPS (Diluted)	0.23	0.03	-0.07	0.06	0.14
EPS Growth	666.67%	-	-	-57.14%	7.69%
Free Cash Flow	-522.86	145.61	-278.34	8.16	-443.49
Free Cash Flow Per Share	-0.60	0.19	-0.31	0.01	-0.50
Dividend Per Share	-	-	0.030	0.030	0.098
Dividend Growth	-	-	-	-69.51%	21.48%
Gross Margin	35.57%	17.56%	7.11%	26.07%	33.97%
Operating Margin	22.39%	3.47%	-9.05%	4.07%	19.00%
Profit Margin	17.24%	2.73%	-9.54%	8.56%	15.38%
Free Cash Flow Margin	-44.65%	17.45%	-42.10%	1.33%	-54.88%
EBITDA	368.84	137.27	29.12	90.43	216.01
EBITDA Margin	31.50%	16.45%	4.40%	14.77%	26.73%
D&A For EBITDA	106.61	108.27	88.99	65.51	62.47
EBIT	262.22	29	-59.87	24.91	153.55
EBIT Margin	22.39%	3.47%	-9.05%	4.07%	19.00%
Effective Tax Rate	10.12%	-	-	9.45%	11.51%
Revenue as Reported	-	834.63	661.15	612.1	808.16

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.