Guangzhou Grandbuy 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	-94.04	47.61	36.17	-143.33	260.54
Depreciation & Amortization	393.84	511.44	517.36	524.09	476.53
Other Amortization	36.3	39.58	29.94	25.94	27.06
Loss (Gain) From Sale of Assets	-12.14	-45.82	-15.96	0.93	-1.57
Asset Writedown & Restructuring Costs	17.45	0.19	0.48	0.26	0.28
Loss (Gain) From Sale of Investments	-15.36	-8.35	-7.77	22.34	-94.88
Provision & Write-off of Bad Debts	-	0.29	0.17	0.11	0.99
Other Operating Activities	26.15	50.21	50.28	96.71	56.52
Change in Accounts Receivable	45.06	30.36	30.88	6.3	87.23
Change in Inventory	56.94	33.6	33.59	-25.61	10.75
Change in Accounts Payable	-303.93	29.91	-164.04	-108.83	-287.63
Change in Other Net Operating Assets	-	-	-	-0.89	-0.43
Operating Cash Flow	160.54	655.35	476.17	338.5	522.44
Operating Cash Flow Growth	-75.50%	37.63%	40.67%	-35.21%	239.43%
Capital Expenditures	-52.19	-161.36	-923.03	-74.14	-51.03
Sale of Property, Plant & Equipment	1.45	0.36	0.24	0.08	0.17
Investment in Securities	632.34	166.69	-1,189	-39.77	-322.95
Other Investing Activities	17.79	79.43	58.91	35.2	70.6
Investing Cash Flow	599.39	85.12	-2,053	-78.62	-303.21
Short-Term Debt Issued	-	-	-	700	143.14
Long-Term Debt Issued	611.7	1,442	1,340	-	-
Total Debt Issued	611.7	1,442	1,340	700	143.14
Short-Term Debt Repaid	-	-	-	-300	-143.14
Long-Term Debt Repaid	-1,358	-2,053	-1,008	-449.99	-499.93
Total Debt Repaid	-1,358	-2,053	-1,008	-749.99	-643.08
Net Debt Issued (Repaid)	-746.48	-611.37	331.84	-49.99	-499.93
Issuance of Common Stock	-	-	-	700	-
Common Dividends Paid	-40.09	-63.49	-17.94	-302.58	-19.15
Other Financing Activities	-312.75	-1.45	-2.43	-1,707	-11.24
Financing Cash Flow	-1,099	-676.32	311.47	-1,360	-530.32
Net Cash Flow	-339.39	64.15	-1,265	-1,100	-311.1
Free Cash Flow	108.35	493.98	-446.86	264.36	471.41
Free Cash Flow Growth	-78.06%	-	-	-43.92%	560.65%
Free Cash Flow Margin	3.17%	8.94%	-8.36%	5.40%	7.89%
Free Cash Flow Per Share	0.16	0.73	-0.62	0.39	0.76
Cash Income Tax Paid	168.66	182.81	221.29	210.42	321.5
Levered Free Cash Flow	-	321.18	-477.37	-1,555	2,095
Unlevered Free Cash Flow	-	392.61	-404.74	-1,479	2,130
Change in Working Capital	-191.67	60.2	-134.5	-188.55	-203.03

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