Dowell Service Group Co. Limited (HKG:2352)

Dowell Service Group Co. Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	146.2	261.7	256.6	221.74	249.16	233.95
Short-Term Investments	31.04	26.89	22.26	15.17	9.39	9.58
Cash & Short-Term Investments	177.24	288.59	278.86	236.91	258.55	243.53
Cash Growth	12.57%	3.49%	17.71%	-8.37%	6.17%	24.69%
Accounts Receivable	608.84	595	638.24	567.43	394.18	254.29
Other Receivables	28.64	26.13	30.37	15.36	18.16	22.47
Receivables	637.48	621.13	668.61	582.79	412.33	276.76
Inventory	39.83	37.8	43.28	40.03	51.82	53.53
Restricted Cash	3.98	2.81	0.35	0.67	-	0.2
Other Current Assets	61.32	49.86	43.03	38.49	53.08	19.61
Total Current Assets	919.85	1,000	1,034	898.89	775.79	593.64
Property, Plant & Equipment	141.98	124.72	136.71	42.46	30.25	32.11
Long-Term Investments	27.98	24.64	20.71	19.77	24.12	22.64
Goodwill	212.07	212.07	212.07	188.91	76.73	76.73
Other Intangible Assets	70.07	75.58	86.02	91.57	37.47	41.38
Long-Term Deferred Tax Assets	24.39	23.99	20.5	13.14	8.44	10.43
Long-Term Deferred Charges	12.31	13.34	13.98	11.82	8.65	4.95
Other Long-Term Assets	2.86	9.73	4.32	4.22	2.56	3.23
Total Assets	1,412	1,484	1,528	1,271	964.01	785.1
Accounts Payable	324.67	317.9	300.13	258.89	180.79	134.63
Accrued Expenses	130.23	130.63	149.22	126.27	110.6	94.22
Short-Term Debt	-	-	9.26	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	11
Current Portion of Leases	9.4	11.82	16.76	4.15	3.85	6.66
Current Income Taxes Payable	2.75	4.38	4.65	8.16	5.21	9.03
Current Unearned Revenue	271.39	337.56	296.48	228.6	194.63	118.01
Other Current Liabilities	195.25	174.04	145.64	139.82	191.31	218.56
Total Current Liabilities	933.69	976.33	922.15	765.9	686.39	592.11
Long-Term Leases	27.76	79.19	74.57	4.03	6.52	11.46
Long-Term Unearned Revenue	8.44	8.36	6.86	-	-	-
Long-Term Deferred Tax Liabilities	10.49	11.17	17	15.19	9.04	10.04
Other Long-Term Liabilities	-	-	1	2	4	6
Total Liabilities	980.38	1,075	1,022	787.11	705.96	619.6
Common Stock	66.99	66.99	66.99	66.99	50	50
Additional Paid-In Capital	107.85	107.85	107.85	107.85	-	-
Retained Earnings	149.92	126.17	197.48	228.61	146.14	57.42
Comprehensive Income & Other	82.22	82.22	110.22	59.09	53.08	51.41
Total Common Equity	406.99	383.24	482.54	462.54	249.22	158.84
Minority Interest	24.15	25.97	24.33	21.12	8.83	6.67
Shareholders' Equity	431.14	409.2	506.87	483.66	258.05	165.5
Total Liabilities & Equity	1,412	1,484	1,528	1,271	964.01	785.1
Total Debt	37.16	91.01	100.59	8.18	10.37	29.12
Net Cash (Debt)	140.08	197.58	178.27	228.74	248.18	214.42
Net Cash Growth	138.14%	10.83%	-22.06%	-7.83%	15.75%	13.36%
Net Cash Per Share	2.09	2.95	2.66	3.72	4.96	4.29
Filing Date Shares Outstanding	66.99	66.99	66.99	66.99	50	50
Total Common Shares Outstanding	66.99	66.99	66.99	66.99	50	50
Working Capital	-13.83	23.85	111.99	133	89.4	1.53
Book Value Per Share	6.08	5.72	7.20	6.90	4.98	3.18
Tangible Book Value	124.85	95.59	184.45	182.07	135.02	40.73
Tangible Book Value Per Share	1.86	1.43	2.75	2.72	2.70	0.81
Buildings	-	0.64	0.64	0.64	0.64	0.64
Machinery	-	56.33	55.86	40.92	32.69	31.59
Leasehold Improvements	-	64.27	57.93	24.22	6.33	1.76

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