Acrel Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,083	1,062	1,119	1,011	1,015	716.15
Other Revenue	1.15	1.15	2.66	7.63	1.62	2.6
Revenue	1,085	1,063	1,122	1,019	1,017	718.75
Revenue Growth (YoY)	2.07%	-5.24%	10.17%	0.16%	41.49%	19.75%
Cost of Revenue	587.88	589	605.41	548.65	552.08	383.36
Gross Profit	496.64	474.36	516.75	469.93	464.9	335.39
Selling, General & Admin	212.65	211.4	228.18	204.49	195.73	155.73
Research & Development	107.76	116.36	127.98	121.13	112.45	75.58
Other Operating Expenses	-18.24	-20.91	-26.73	-21.03	-17.65	-13.82
Operating Expenses	304.66	309	331.84	307.51	291.63	220.82
Operating Income	191.98	165.36	184.91	162.42	173.27	114.57
Interest & Investment Income	19.84	15.09	28.41	10.66	8.62	11.09
Currency Exchange Gain (Loss)	0.43	0.43	-0.07	0	-0.03	-0
Other Non Operating Income (Expenses)	0.58	-0.26	-0.09	-0.01	-0.44	-0.4
EBT Excluding Unusual Items	212.84	180.62	213.16	173.06	181.42	125.25
Gain (Loss) on Sale of Investments	2.14	0.54	0.33	-0.42	1.6	-
Gain (Loss) on Sale of Assets	1.97	1.91	-2.06	-0	0.16	0.54
Asset Writedown	0.38	-0.17	-0.06	-0.06	-0.48	-0.04
Other Unusual Items	2.87	2.86	12.01	11.73	7.28	4.14
Pretax Income	220.2	185.75	223.39	184.32	189.98	129.89
Income Tax Expense	16.71	16.08	22.18	13.73	19.92	8.45
Earnings From Continuing Operations	203.48	169.67	201.21	170.59	170.07	121.44
Minority Interest in Earnings	0.12	0.16	0.19	0.02	-	-
Net Income	203.6	169.83	201.4	170.61	170.07	121.44
Net Income to Common	203.6	169.83	201.4	170.61	170.07	121.44
Net Income Growth	9.47%	-15.68%	18.05%	0.32%	40.04%	7.21%
Shares Outstanding (Basic)	229	212	212	208	202	202
Shares Outstanding (Diluted)	229	212	212	211	207	206
Shares Change (YoY)	8.17%	-0.22%	0.65%	1.56%	0.76%	-1.88%
EPS (Basic)	0.89	0.80	0.95	0.82	0.84	0.60
EPS (Diluted)	0.89	0.80	0.95	0.81	0.82	0.59
EPS Growth	0.90%	-15.79%	17.28%	-1.22%	38.98%	9.26%
Free Cash Flow	166.51	228.18	221.94	133.81	83.1	-62.76
Free Cash Flow Per Share	0.73	1.08	1.05	0.64	0.40	-0.30
Dividend Per Share	0.401	0.401	0.300	0.200	0.200	0.200
Dividend Growth	0.23%	33.63%	50.00%	-	-	-
Gross Margin	45.79%	44.61%	46.05%	46.14%	45.71%	46.66%
Operating Margin	17.70%	15.55%	16.48%	15.95%	17.04%	15.94%
Profit Margin	18.77%	15.97%	17.95%	16.75%	16.72%	16.90%
Free Cash Flow Margin	15.35%	21.46%	19.78%	13.14%	8.17%	-8.73%
EBITDA	219.01	193.05	213.48	186.76	195.23	135.12
EBITDA Margin	20.19%	18.15%	19.02%	18.34%	19.20%	18.80%
D&A For EBITDA	27.02	27.69	28.58	24.34	21.96	20.55
EBIT	191.98	165.36	184.91	162.42	173.27	114.57
EBIT Margin	17.70%	15.55%	16.48%	15.95%	17.04%	15.94%
Effective Tax Rate	7.59%	8.66%	9.93%	7.45%	10.48%	6.51%
Revenue as Reported	1,085	1,063	1,122	1,019	1,017	718.75
Advertising Expenses	-	8.77	9.62	9.56	9.5	3.16

Source: S&P Global Market Intelligence. Standard template. Financial Sources.