GRG Banking Equipment 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	919.83	976.92	829.32	824.26
Depreciation & Amortization	251.03	207.67	198.27	179.96
Other Amortization	25.49	9.9	18.46	23.12
Loss (Gain) From Sale of Assets	-1.54	-3.33	-1.04	0.25
Asset Writedown & Restructuring Costs	20.19	29.09	53.52	52.1
Loss (Gain) From Sale of Investments	-168.48	-167.23	-127.71	-76.99
Provision & Write-off of Bad Debts	16.32	11.74	44.96	5.93
Other Operating Activities	350.73	362.04	352.78	242.22
Change in Accounts Receivable	637.84	-1,631	-584.85	-57.91
Change in Inventory	439.11	-382.85	-437.64	-78.21
Change in Accounts Payable	-1,289	2,042	1,425	494.39
Change in Other Net Operating Assets	69.69	70.3	-	-
Operating Cash Flow	1,267	1,503	1,738	1,591
Operating Cash Flow Growth	-15.71%	-13.55%	9.24%	30.25%
Capital Expenditures	-143.55	-254.38	-303.48	-262.73
Sale of Property, Plant & Equipment	1.57	0.93	0.66	5.54
Cash Acquisitions	-414.46	-426.39	12.89	-
Divestitures	-	37.07	63.64	-0.11
Investment in Securities	-1,327	258.83	-1,300	-1,500
Other Investing Activities	44.08	73.76	106.78	77.67
Investing Cash Flow	-1,839	-310.19	-1,419	-1,680
Short-Term Debt Issued	-	-	-	13.48
Long-Term Debt Issued	2,821	359.61	544.94	233.14
Total Debt Issued	2,821	359.61	544.94	246.61
Short-Term Debt Repaid	-	-	-	-18.24
Long-Term Debt Repaid	-1,673	-697.7	-322.66	-578.89
Total Debt Repaid	-1,673	-697.7	-322.66	-597.13
Net Debt Issued (Repaid)	1,148	-338.09	222.28	-350.52
Issuance of Common Stock	-	-	-	695.57
Common Dividends Paid	-537.37	-509.15	-388.31	-384.06
Other Financing Activities	-223.53	116.57	908.69	-56.54
Financing Cash Flow	386.86	-730.67	742.66	-95.55
Foreign Exchange Rate Adjustments	-0.34	1.36	-8.7	-26.99
Net Cash Flow	-186.06	463.06	1,053	-211.27
Free Cash Flow	1,123	1,248	1,435	1,328
Free Cash Flow Growth	-10.03%	-12.99%	8.00%	146.40%
Free Cash Flow Margin	10.33%	13.80%	19.06%	19.59%
Free Cash Flow Per Share	0.45	0.50	0.57	0.53
Cash Income Tax Paid	520.32	467.91	313.13	319.89
Levered Free Cash Flow	-2,134	4,490	989.08	981.61
Unlevered Free Cash Flow	-2,092	4,502	1,002	990.03
Change in Working Capital	-146.99	75.76	369.49	340.18

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