Acrel Balance Sheet

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