GrandiT Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	10.02	13.7	10.52	33.32
Depreciation & Amortization	148.85	126.12	95.51	58.85
Other Amortization	4.19	0.84	0.05	4.89
Loss (Gain) From Sale of Assets	-	-0	-0.01	0.03
Asset Writedown & Restructuring Costs	2.95	0.51	1.13	19.75
Loss (Gain) From Sale of Investments	-3.43	-0.53	0.18	-8.16
Provision & Write-off of Bad Debts	2.83	1.49	2.44	-
Other Operating Activities	23.57	40.24	38.52	-0.99
Change in Accounts Receivable	-91.44	80.39	-108.23	-198.6
Change in Inventory	-72.76	-95.5	-114.72	-45.11
Change in Accounts Payable	31.42	-73.5	159.51	159.55
Change in Other Net Operating Assets	2.92	13.25	15.75	12.95
Operating Cash Flow	59.69	101.02	101.59	36.38
Operating Cash Flow Growth	-40.91%	-0.56%	179.27%	-57.04%
Capital Expenditures	-200.59	-386.91	-412.36	-277.7
Sale of Property, Plant & Equipment	0.26	0.26	0.02	-
Investment in Securities	490.46	-998.42	46.75	90.9
Other Investing Activities	31.28	-91.93	-60.94	-19.82
Investing Cash Flow	321.41	-1,477	-426.53	-206.62
Long-Term Debt Issued	127.49	187.68	295.1	55.5
Long-Term Debt Repaid	-86.12	-339.12	-29.88	-55
Net Debt Issued (Repaid)	41.37	-151.43	265.22	0.5
Issuance of Common Stock	-	1,812	-	133.43
Common Dividends Paid	-20.02	-10.13	-19.27	-0.78
Other Financing Activities	-	-	0.01	-1.59
Financing Cash Flow	21.35	1,651	245.97	131.57
Foreign Exchange Rate Adjustments	1.26	0.18	1.97	-1.69
Net Cash Flow	403.71	274.91	-77	-40.36
Free Cash Flow	-140.9	-285.89	-310.77	-241.32
Free Cash Flow Margin	-13.69%	-31.98%	-38.90%	-42.65%
Free Cash Flow Per Share	-0.10	-0.23	-0.29	-0.22
Cash Income Tax Paid	4.95	31.74	-10.88	6.89
Levered Free Cash Flow	-147.74	-292.59	-277.2	-161.67
Unlevered Free Cash Flow	-144.55	-286.71	-274.72	-161.05
Change in Working Capital	-129.28	-81.34	-46.75	-71.32

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