Dowway Holdings 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	17.09	6.21	12.44	4.25	6.61
Short-Term Investments	17.46	-	-	-	3.2
Cash & Short-Term Investments	34.55	6.21	12.44	4.25	9.82
Cash Growth	456.24%	-50.07%	192.61%	-56.69%	-46.98%
Accounts Receivable	67.64	103.23	74.53	113.09	102.53
Receivables	67.64	103.82	75	113.78	102.79
Inventory	-	3.23	2.21	2.59	1.31
Restricted Cash	-	1	1	-	-
Other Current Assets	-	15.24	14.7	8.58	23.29
Total Current Assets	102.19	129.51	105.35	129.2	137.2
Property, Plant & Equipment	2.94	1.61	3.24	7.33	11.11
Goodwill	7.65	-	-	-	-
Other Intangible Assets	2.09	-	-	-	-
Other Long-Term Assets	-	-	0.34	0.55	0.55
Total Assets	114.86	131.12	108.93	137.07	148.86
Accounts Payable	49.17	73.69	64.25	77.19	57.2
Accrued Expenses	16.51	12.42	9.68	10.95	5.65
Short-Term Debt	-	17.31	17.98	10	9
Current Portion of Long-Term Debt	29	9.25	-	-	-
Current Portion of Leases	0.17	1.33	1.19	2.03	2.79
Current Income Taxes Payable	3.8	3.83	3.8	3.8	3.82
Current Unearned Revenue	1.04	2.1	4.84	4.63	12.77
Other Current Liabilities	-	5.16	1.66	1.88	1.16
Total Current Liabilities	99.68	125.09	103.4	110.48	92.39
Long-Term Debt	2	2	-	-	-
Long-Term Leases	0.23	-	1.33	4.47	6.51
Long-Term Deferred Tax Liabilities	0.21	0.34	0.62	1.62	-
Total Liabilities	102.13	127.43	105.35	116.58	98.9
Common Stock	2.02	1.63	1.53	1.53	1.28
Additional Paid-In Capital	117.15	91.15	84.81	84.81	76.15
Retained Earnings	-105.51	-88.52	-82.77	-65.85	-30.26
Comprehensive Income & Other	-	-	-	-	2.79
Total Common Equity	13.67	4.27	3.58	20.49	49.96
Minority Interest	-0.93	-0.58	-	-	-
Shareholders' Equity	12.74	3.69	3.58	20.49	49.96
Total Liabilities & Equity	114.86	131.12	108.93	137.07	148.86
Total Debt	31.4	29.9	20.5	16.51	18.3
Net Cash (Debt)	3.15	-23.68	-8.06	-12.25	-8.48
Net Cash Per Share	0.02	-0.19	-0.07	-0.11	-0.08
Filing Date Shares Outstanding	136.86	127	120	120	100
Total Common Shares Outstanding	136.86	127	120	120	100
Working Capital	2.51	4.42	1.95	18.72	44.81
Book Value Per Share	0.10	0.03	0.03	0.17	0.50
Tangible Book Value	3.94	4.27	3.58	20.49	49.96
Tangible Book Value Per Share	0.03	0.03	0.03	0.17	0.50
Machinery	-	6.63	7.47	7.75	7.74

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