Dowell Service Group Co. 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	299.07	261.7	256.6	221.74	249.16
Short-Term Investments	-	26.89	22.26	15.17	9.39
Cash & Short-Term Investments	299.07	288.59	278.86	236.91	258.55
Cash Growth	3.63%	3.49%	17.71%	-8.37%	6.17%
Accounts Receivable	648.6	595	638.24	567.43	394.18
Other Receivables	11.6	26.13	30.37	15.36	18.16
Receivables	660.2	621.13	668.61	582.79	412.33
Inventory	41.29	37.8	43.28	40.03	51.82
Restricted Cash	6.27	2.81	0.35	0.67	-
Other Current Assets	27.63	49.86	43.03	38.49	53.08
Total Current Assets	1,034	1,000	1,034	898.89	775.79
Property, Plant & Equipment	147.79	124.72	136.71	42.46	30.25
Long-Term Investments	19.7	24.64	20.71	19.77	24.12
Goodwill	-	212.07	212.07	188.91	76.73
Other Intangible Assets	278.66	75.58	86.02	91.57	37.47
Long-Term Deferred Tax Assets	25.32	23.99	20.5	13.14	8.44
Long-Term Deferred Charges	12.29	13.34	13.98	11.82	8.65
Other Long-Term Assets	2.52	9.73	4.32	4.22	2.56
Total Assets	1,521	1,484	1,528	1,271	964.01
Accounts Payable	395.91	317.9	300.13	258.89	180.79
Accrued Expenses	301.4	130.63	149.22	126.27	110.6
Short-Term Debt	-	-	9.26	-	-
Current Portion of Leases	9.43	11.82	16.76	4.15	3.85
Current Income Taxes Payable	9.27	4.38	4.65	8.16	5.21
Current Unearned Revenue	317.48	337.56	296.48	228.6	194.63
Other Current Liabilities	-	174.04	145.64	139.82	191.31
Total Current Liabilities	1,033	976.33	922.15	765.9	686.39
Long-Term Leases	33.52	79.19	74.57	4.03	6.52
Long-Term Unearned Revenue	7.83	8.36	6.86	-	-
Long-Term Deferred Tax Liabilities	9.02	11.17	17	15.19	9.04
Other Long-Term Liabilities	-	-	1	2	4
Total Liabilities	1,084	1,075	1,022	787.11	705.96
Common Stock	66.99	66.99	66.99	66.99	50
Additional Paid-In Capital	-	107.85	107.85	107.85	-
Retained Earnings	80.7	126.17	197.48	228.61	146.14
Comprehensive Income & Other	265.28	82.22	110.22	59.09	53.08
Total Common Equity	412.97	383.24	482.54	462.54	249.22
Minority Interest	23.91	25.97	24.33	21.12	8.83
Shareholders' Equity	436.88	409.2	506.87	483.66	258.05
Total Liabilities & Equity	1,521	1,484	1,528	1,271	964.01
Total Debt	42.95	91.01	100.59	8.18	10.37
Net Cash (Debt)	256.12	197.58	178.27	228.74	248.18
Net Cash Growth	29.63%	10.83%	-22.06%	-7.83%	15.75%
Net Cash Per Share	3.82	2.95	2.66	3.72	4.96
Filing Date Shares Outstanding	67.07	66.99	66.99	66.99	50
Total Common Shares Outstanding	67.07	66.99	66.99	66.99	50
Working Capital	0.96	23.85	111.99	133	89.4
Book Value Per Share	6.16	5.72	7.20	6.90	4.98
Tangible Book Value	134.31	95.59	184.45	182.07	135.02
Tangible Book Value Per Share	2.00	1.43	2.75	2.72	2.70
Buildings	-	0.64	0.64	0.64	0.64
Machinery	-	56.33	55.86	40.92	32.69
Leasehold Improvements	-	64.27	57.93	24.22	6.33

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