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