First Service Holding Limited (HKG:2107)

First Service Holding Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	413.37	437.17	439.02	509.83	396.07	495.83
Short-Term Investments	15.56	14.43	14.33	9.3	34.81	34.9
Trading Asset Securities	273.19	267.47	299.06	56.07	107.62	97.59
Cash & Short-Term Investments	702.11	719.07	752.41	575.19	538.5	628.31
Cash Growth	-1.04%	-4.43%	30.81%	6.81%	-14.29%	-25.43%
Accounts Receivable	419.41	393.33	401.78	441.46	434.94	365.97
Other Receivables	72.07	65.57	46.1	33.07	33.93	22.25
Receivables	491.48	458.9	447.88	474.52	468.87	388.22
Inventory	1.28	1.22	1.65	1.61	0.81	0.81
Restricted Cash	17.39	19.76	14.97	24.61	24.28	21.87
Other Current Assets	89.03	91.64	92.63	90.45	37.36	30.24
Total Current Assets	1,301	1,291	1,310	1,166	1,070	1,069
Property, Plant & Equipment	37.12	43.79	41.23	18.78	14.95	11.62
Long-Term Investments	32.27	22.87	25.85	8.74	8.81	5.54
Goodwill	91.6	91.6	179.84	179.84	181.7	181.7
Other Intangible Assets	27.94	30.54	33.44	36.22	39.66	40.51
Long-Term Deferred Tax Assets	88.63	81.62	73.79	44.73	38.81	34.2
Other Long-Term Assets	10.78	16.87	20.76	17.24	15.56	14.87
Total Assets	1,590	1,578	1,684	1,472	1,369	1,358

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	185.13	170.17	181.75	156.45	143.89	118.8
Accrued Expenses	58.6	72.57	75.64	78.23	69.25	62.11
Short-Term Debt	0.2	0.48	-	-	-	20.51
Current Portion of Leases	0.38	0.37	0.31	-	-	-
Current Income Taxes Payable	9.94	7.3	12.76	11.11	7.05	16.96
Current Unearned Revenue	299.34	320.87	327.96	302.98	279.65	274.86
Other Current Liabilities	414.2	400.41	405.78	200.46	166.86	148.57
Total Current Liabilities	967.78	972.17	1,004	749.22	666.69	641.81
Long-Term Leases	1.89	1.98	2.35	-	-	-
Long-Term Deferred Tax Liabilities	3.98	5.21	6.56	8.85	7.56	8.84
Other Long-Term Liabilities	-	-	-	-	20.66	33.7
Total Liabilities	973.65	979.36	1,013	758.07	694.9	684.35

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	-	420.05	443.64	471.49	498.29	589.13
Retained Earnings	-	200.78	253.19	265.26	208.13	133.6
Comprehensive Income & Other	552.72	-83.45	-77.62	-79.26	-77.14	-85.26
Total Common Equity	552.73	537.39	619.21	657.49	629.28	637.48
Minority Interest	63.25	61.13	52.12	56.38	45.13	36.04
Shareholders' Equity	615.97	598.51	671.33	713.87	674.41	673.52
Total Liabilities & Equity	1,590	1,578	1,684	1,472	1,369	1,358

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2.47	2.83	2.66	-	-	20.51
Net Cash (Debt)	699.65	716.24	749.75	575.19	538.5	607.8
Net Cash Growth	-1.00%	-4.47%	30.35%	6.81%	-11.40%	-27.86%
Net Cash Per Share	0.74	0.75	0.61	0.59	0.54	0.61
Filing Date Shares Outstanding	1,264	1,264	1,264	1,000	1,000	1,000
Total Common Shares Outstanding	1,264	1,264	1,264	1,000	1,000	1,000
Working Capital	333.51	318.41	305.32	417.17	403.14	427.64
Book Value Per Share	0.44	0.43	0.49	0.66	0.63	0.64
Tangible Book Value	433.18	415.24	405.93	441.43	407.92	415.28
Tangible Book Value Per Share	0.34	0.33	0.32	0.44	0.41	0.42
Buildings	-	4.55	3.51	2.49	-	-
Machinery	-	49.82	42.44	29.6	25.28	21.43
Construction In Progress	-	2.87	2.85	3.95	4.13	1.63

Data Source: S&P Global Market Intelligence Last updated: Aug 26, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 11, 2026

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