Acrel Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	1,108	1,092	1,062	1,119	1,011	1,015
Other Revenue	2.39	2.39	1.15	2.66	7.63	1.62
Revenue	1,110	1,094	1,063	1,122	1,019	1,017
Revenue Growth (YoY)	4.29%	2.90%	-5.24%	10.17%	0.16%	41.49%
Cost of Revenue	591.55	586.18	589	605.41	548.65	552.08
Gross Profit	518.84	508.06	474.36	516.75	469.93	464.9
Selling, General & Admin	228.15	218.97	211.4	228.18	204.49	195.73
Research & Development	123.29	118.6	116.36	127.98	121.13	112.45
Other Operating Expenses	-21.55	-17.85	-20.91	-26.73	-21.03	-17.65
Operating Expenses	333.24	323.07	309	331.84	307.51	291.63
Operating Income	185.61	184.99	165.36	184.91	162.42	173.27
Interest & Investment Income	24.81	26.18	15.09	28.41	10.66	8.62
Currency Exchange Gain (Loss)	-0.12	-0.12	0.43	-0.07	0	-0.03
Other Non Operating Income (Expenses)	-1.26	-0.42	-0.26	-0.09	-0.01	-0.44
EBT Excluding Unusual Items	209.04	210.63	180.62	213.16	173.06	181.42
Gain (Loss) on Sale of Investments	3.59	2.34	0.54	0.33	-0.42	1.6
Gain (Loss) on Sale of Assets	-0.06	-0.03	1.91	-2.06	-0	0.16
Asset Writedown	-0.14	-0.11	-0.17	-0.06	-0.06	-0.48
Other Unusual Items	4.77	4.77	2.86	12.01	11.73	7.28
Pretax Income	217.21	217.61	185.75	223.39	184.32	189.98
Income Tax Expense	14.12	12.58	16.08	22.18	13.73	19.92
Earnings From Continuing Operations	203.09	205.03	169.67	201.21	170.59	170.07
Minority Interest in Earnings	0.18	0.14	0.16	0.19	0.02	-
Net Income	203.27	205.17	169.83	201.4	170.61	170.07
Net Income to Common	203.27	205.17	169.83	201.4	170.61	170.07
Net Income Growth	14.99%	20.81%	-15.68%	18.05%	0.32%	40.04%
Shares Outstanding (Basic)	249	238	212	212	208	202
Shares Outstanding (Diluted)	249	238	212	212	211	207
Shares Change (YoY)	18.15%	12.19%	0.14%	0.65%	1.56%	0.76%
EPS (Basic)	0.82	0.86	0.80	0.95	0.82	0.84
EPS (Diluted)	0.82	0.86	0.80	0.95	0.81	0.82
EPS Growth	-2.84%	7.50%	-15.79%	17.28%	-1.22%	38.98%
Free Cash Flow	98.85	152.08	228.18	221.94	133.81	83.1
Free Cash Flow Per Share	0.40	0.64	1.07	1.05	0.64	0.40
Dividend Per Share	0.450	0.450	0.400	0.300	0.200	0.200
Dividend Growth	12.50%	12.50%	33.33%	50.00%	-	-
Gross Margin	46.73%	46.43%	44.61%	46.05%	46.14%	45.71%
Operating Margin	16.71%	16.91%	15.55%	16.48%	15.95%	17.04%
Profit Margin	18.31%	18.75%	15.97%	17.95%	16.75%	16.72%
Free Cash Flow Margin	8.90%	13.90%	21.46%	19.78%	13.14%	8.17%
EBITDA	211.14	211.31	194.82	213.48	186.76	195.23
EBITDA Margin	19.02%	19.31%	18.32%	19.02%	18.34%	19.20%
D&A For EBITDA	25.54	26.32	29.46	28.58	24.34	21.96
EBIT	185.61	184.99	165.36	184.91	162.42	173.27
EBIT Margin	16.71%	16.91%	15.55%	16.48%	15.95%	17.04%
Effective Tax Rate	6.50%	5.78%	8.66%	9.93%	7.45%	10.48%
Revenue as Reported	1,094	1,094	1,063	1,122	1,019	1,017
Advertising Expenses	-	7.29	8.77	9.62	9.56	9.5

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