Grace Fabric Technology Cash Flow 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
Net Income	201.91	22.8	-63.09	52.37	124.26
Depreciation & Amortization	106.88	108.65	90.12	67.35	63.41
Other Amortization	2.93	3.12	3.13	2.63	1.53
Loss (Gain) From Sale of Assets	0.07	-0.19	-3.56	-34.54	-0.03
Asset Writedown & Restructuring Costs	14.03	-0.07	0.52	0.01	14.08
Loss (Gain) From Sale of Investments	-3.07	-2.22	-0.58	-2.72	-0.65
Provision & Write-off of Bad Debts	-	0.68	0.5	-0.61	0.66
Other Operating Activities	31.5	28.31	35.73	34.15	22.57
Change in Accounts Receivable	-233.62	-61.38	-96.47	97.38	-112.89
Change in Inventory	-24.75	51.06	-61.13	-51.49	-37.74
Change in Accounts Payable	184.34	34.27	6.05	118	28.32
Change in Other Net Operating Assets	4.36	-2.54	-3.98	18.5	14.44
Operating Cash Flow	293.79	179.48	-97.75	294.28	111.46
Operating Cash Flow Growth	63.69%	-	-	164.02%	-25.66%
Capital Expenditures	-816.65	-33.87	-180.59	-286.12	-554.95
Sale of Property, Plant & Equipment	0.07	3.22	5.21	55.56	0.5
Investment in Securities	20	20	127.07	-65.53	-110
Other Investing Activities	5.53	7.06	23.41	47.27	-48.19
Investing Cash Flow	-791.04	-3.59	-24.9	-248.82	-712.64
Short-Term Debt Issued	-	5.47	5.3	-	8.19
Long-Term Debt Issued	673.8	494.24	849.28	554.85	389.9
Total Debt Issued	673.8	499.71	854.58	554.85	398.09
Long-Term Debt Repaid	-544.91	-519.06	-788.55	-420.84	-187.67
Total Debt Repaid	-544.91	-519.06	-788.55	-420.84	-187.67
Net Debt Issued (Repaid)	128.88	-19.36	66.02	134.01	210.42
Issuance of Common Stock	-	-	-	1.56	28.12
Repurchase of Common Stock	-	-12.21	-9.71	-	-
Common Dividends Paid	-27.14	-34.86	-60.13	-122.85	-102.48
Other Financing Activities	323.73	-	-	-	-
Financing Cash Flow	425.47	-66.43	-3.82	12.72	136.06
Foreign Exchange Rate Adjustments	-1.28	0.77	1.35	7.52	-0.5
Net Cash Flow	-73.06	110.24	-125.12	65.7	-465.62
Free Cash Flow	-522.86	145.61	-278.34	8.16	-443.49
Free Cash Flow Margin	-44.65%	17.45%	-42.10%	1.33%	-54.88%
Free Cash Flow Per Share	-0.60	0.19	-0.31	0.01	-0.50
Cash Income Tax Paid	48.21	27.62	32.17	-84.51	67.77
Levered Free Cash Flow	-580.23	71.13	-354.78	-129.84	-584.72
Unlevered Free Cash Flow	-580.23	92.91	-334.88	-108.31	-565
Change in Working Capital	-60.46	18.41	-160.52	175.62	-114.37

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