Zhejiang Giuseppe Garment 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	Jan '22 Jan 1, 2022
Net Income	85.42	88.33	203.09	121.46	186.84
Depreciation & Amortization	58.88	63.6	64.68	62.73	60.04
Other Amortization	2.35	1.38	0.82	0.73	0.76
Loss (Gain) From Sale of Assets	0.15	-0.06	0.25	0.32	-0.29
Asset Writedown & Restructuring Costs	0.06	0.98	0	0.19	2.99
Loss (Gain) From Sale of Investments	-5.49	-19.2	-4.63	0.32	0.24
Provision & Write-off of Bad Debts	1.46	4.91	8.21	12.05	0.69
Other Operating Activities	37.93	49.32	38.73	28.35	35.66
Change in Accounts Receivable	39.29	82.66	-3.8	-98.02	-91.99
Change in Inventory	1.67	-50.69	-2.59	-47.18	-23.72
Change in Accounts Payable	6.79	-22.67	128.59	-28.01	106.68
Change in Other Net Operating Assets	0.16	3.1	11.12	2.61	27.97
Operating Cash Flow	227.93	205.01	438.83	66.13	298.05
Operating Cash Flow Growth	11.18%	-53.28%	563.56%	-77.81%	64.42%
Capital Expenditures	-80.94	-61.75	-27.85	-40.44	-75.06
Sale of Property, Plant & Equipment	0.19	0.53	0.73	1.01	2.91
Cash Acquisitions	-	-	-	-7.37	-
Divestitures	0	-	-	-	-
Investment in Securities	-334.45	-143.98	2.12	-1.32	-48.83
Other Investing Activities	4.13	13.47	0.37	1.79	-
Investing Cash Flow	-411.06	-191.73	-24.63	-46.32	-120.98
Short-Term Debt Issued	-	11	-	-	-
Total Debt Issued	-	11	-	-	-
Short-Term Debt Repaid	-	-11	-	-	-
Long-Term Debt Repaid	-7.91	-6.26	-6.1	-5.35	-4.04
Total Debt Repaid	-7.91	-17.26	-6.1	-5.35	-4.04
Net Debt Issued (Repaid)	-7.91	-6.26	-6.1	-5.35	-4.04
Issuance of Common Stock	-	29.53	33.71	3.07	55.28
Repurchase of Common Stock	-	-80.34	-	-	-110
Common Dividends Paid	-	-97.68	-76.13	-70	-66.83
Other Financing Activities	16.51	-19.24	-24.71	-	0.8
Financing Cash Flow	8.6	-173.99	-73.22	-72.29	-124.78
Net Cash Flow	-174.53	-160.71	340.99	-52.47	52.29
Free Cash Flow	147	143.26	410.98	25.7	222.99
Free Cash Flow Growth	2.61%	-65.14%	1499.41%	-88.48%	73.28%
Free Cash Flow Margin	11.67%	11.35%	27.54%	2.01%	17.11%
Free Cash Flow Per Share	0.29	0.29	0.80	0.05	0.45
Cash Income Tax Paid	123.19	125.53	141.91	146.92	164.25
Levered Free Cash Flow	131.76	97.63	310.56	-22.17	204.54
Unlevered Free Cash Flow	132.09	98.09	310.97	-21.98	204.74
Change in Working Capital	47.18	15.75	127.67	-160.03	11.13

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