Acrel Balance Sheet

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
Cash & Equivalents	522.03	644.91	429.91	347.14	162.3	115.24
Trading Asset Securities	1,181	1,024	417.05	356.51	283.18	214.6
Cash & Short-Term Investments	1,703	1,669	846.96	703.65	445.48	329.84
Cash Growth	1.78%	97.09%	20.37%	57.95%	35.06%	6.64%
Accounts Receivable	357.97	394.07	399.11	404.27	501.3	418.9
Other Receivables	5.61	2.35	7.06	16.66	5.01	4.97
Receivables	363.58	396.42	406.17	420.93	506.32	423.87
Inventory	146.61	133.4	145.31	171.81	217.66	248.72
Other Current Assets	36.09	30.52	24.18	24.31	15.02	18.3
Total Current Assets	2,250	2,230	1,423	1,321	1,184	1,021
Property, Plant & Equipment	380.99	331.14	253.32	220.77	227.99	209.42
Long-Term Investments	37.07	36.99	49.96	62.76	104.51	123.48
Other Intangible Assets	85.56	86.45	89.62	92.73	31.83	33.69
Long-Term Deferred Tax Assets	3.69	7.51	6.65	6.08	7.93	8.34
Long-Term Deferred Charges	5.27	6.01	7.46	10.74	13.23	12.21
Other Long-Term Assets	6.64	6.29	4.19	21.24	6.7	7.43
Total Assets	2,769	2,704	1,834	1,735	1,577	1,415
Accounts Payable	329.93	343.34	320.27	301.11	290.83	304.98
Accrued Expenses	9.74	49.47	46.12	43.32	44.66	27.37
Current Income Taxes Payable	12.37	9.7	9.23	9.08	0.03	2.75
Current Unearned Revenue	39.85	40.08	30.36	31.45	40.13	44.78
Other Current Liabilities	70.59	15.61	45.22	40.19	51.88	51.4
Total Current Liabilities	462.48	458.21	451.21	425.15	427.54	431.29
Long-Term Unearned Revenue	1.33	1.41	1.51	1.53	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	2.07	4.64
Total Liabilities	463.81	459.62	452.72	426.68	429.6	435.93
Common Stock	250.78	250.78	214.72	214.72	214.72	214.8
Additional Paid-In Capital	878.78	896.87	122.79	133.31	132.83	125.13
Retained Earnings	1,228	1,178	1,073	988.66	830.2	701.92
Treasury Stock	-56.07	-84.2	-31.73	-31.73	-42.48	-88.8
Comprehensive Income & Other	2.45	2.14	2.1	3.1	11.8	26.31
Total Common Equity	2,304	2,243	1,380	1,308	1,147	979.36
Minority Interest	0.93	0.99	0.63	0.29	-0.02	-
Shareholders' Equity	2,305	2,244	1,381	1,308	1,147	979.36
Total Liabilities & Equity	2,769	2,704	1,834	1,735	1,577	1,415
Net Cash (Debt)	1,703	1,669	846.96	703.65	445.48	329.84
Net Cash Growth	1.78%	97.09%	20.37%	57.95%	35.06%	6.64%
Net Cash Per Share	6.85	7.01	3.99	3.32	2.12	1.59
Filing Date Shares Outstanding	251.37	247	211.54	211.88	211.99	211.63
Total Common Shares Outstanding	251.37	247	211.54	211.88	211.99	211.63
Working Capital	1,787	1,771	971.42	895.55	756.94	589.44
Book Value Per Share	9.17	9.08	6.53	6.17	5.41	4.63
Tangible Book Value	2,218	2,157	1,291	1,215	1,115	945.67
Tangible Book Value Per Share	8.83	8.73	6.10	5.74	5.26	4.47
Buildings	-	215.93	213.37	214.49	209.34	177.5
Machinery	-	179.92	173.38	162.41	154.39	134.74
Construction In Progress	-	144.17	52.85	5.84	6.01	17.91

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