DOWELL SERVICE GROUP CO. LIMITED Class H

DOWELL SERVICE GROUP CO. LIMITED Class H

HHKEX:2352
3.89
HKD
+0.01
(+0.26%)
402.89MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.39
11.5
14.32
21.95
22.81
22.84
22.76
- -
Basic EPS, GAAP
0.39
1.27
1.54
1.44
0.04
-1
0.42
- -
Free Cash Flow per Basic Share
3.41
4.42
1.44
-0.03
0.85
1.06
1.55
- -
Dividend per Share
1.2
0.71
0.04
0.74
0.14
0.07
0.03
- -
Book Value per Share
1.88
2.38
3.74
6.9
7.2
5.72
6.16
6.16
Tangible Book Value per Share
1.85
0.61
2.03
2.72
2.75
1.43
1.65
1.65
Basic Weighted Avg Shares
67
67
83
61
67
67
67
67
Sales/Revenue/Turnover
559
767
1,193
1,349
1,528
1,530
1,525
- -
Operating Margin (%)
4.03
12.37
12.69
8.61
0.99
0.77
1.64
- -
Depreciation Expense
4
7
17
27
48
49
47
- -
Net Income, GAAP
26
85
129
89
3
-67
28
- -
Effective Tax Rate (%)
18.77
14.41
15.35
14.86
51.49
- -
21.82
- -
Profit Margin (%)
4.59
11.05
10.79
6.56
0.17
-4.37
1.82
- -
Working Capital
109
2
89
133
112
24
1
1
LT Debt
4
11
7
4
75
79
34
34
Total Equity
126
166
258
484
507
409
437
437
Return on Invested Capital (%)
- -
45.06
49.79
22.22
0.53
- -
7.77
- -
Return on Capital (%)
- -
52.4
55.25
22.5
0.93
- -
4.51
- -
Return on Common Equity (%)
- -
59.6
63.09
24.87
0.54
-15.45
6.99
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
12
9
9
LT Borrowings
- -
- -
- -
LT Finance Leases
79
28
34
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
67
67
67
Market Capitalization
422
428
362

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,000
920
1,034
Cash, Cash Equivalents & STI
262
146
299
Accounts Receivable, Net
595
608
587
Inventories
38
40
41
Total Current Liabilities
976
934
1,033
Payables & Accruals
- -
- -
- -
ST Debt
12
9
9
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
27.13%
6.76%
Free Cash Flow
- -
-682.75%
45.92%
Net Income, GAAP
- -
-592.52%
-141.59%
Sales/Revenue/Turnover
- -
16.35%
-0.34%
Total Cash Common Dividend
- -
199.64%
-54.54%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,528
2024
- -
- -
1,530
2025
- -
- -
1,525

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
-1
2025
- -
- -
0.42

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.14
2024
- -
- -
0.07
2025
- -
- -
0.03

Company Description

CEO
Lin Yi
Full Time Employees
5,652
Sector
Finance
Industry
Financial conglomerates
Address
Commercial Building B1/F Chongqing SH China 400000
IPO Date
Apr 29, 2022
Business
Dowell Service Group Co. Limited operates as a diversified property and lifestyle services provider, specializing in comprehensive facility and community management, foreign-related and medical services, and integrated digital solutions. The company focuses on city operations services, delivering full-cycle property management, asset care, and operational support across multiple property types, including commercial, residential, and institutional facilities. Its lifestyle services arm encompasses community events planning, management and agency services (including car parking management and property leasing and sales support), utility maintenance, renovation management and decoration, and hospitality-related offerings. A further segment, FATH and Other Comprehensive Services, provides foreign-related services, medical-related services, sales assistance (cleaning, security, maintenance of display units, visitor management, hospitality services), pre-delivery planning and delivery support, digital and intelligent technology services, maintenance and rectification, elderly care services, and other bespoke offerings. Headquartered in Hong Kong with operations primarily focused on the domestic Chinese market, Dowell Service Group Co. Limited maintains a broad geographic footprint across mainland China, targeting property developers, facility owners, embassies and foreign entities, international schools, hospitals and medical facilities, governmental and public institutions, and multinational corporations seeking integrated property and lifestyle service solutions. The company traces its founding to 2006 and has established subsidiaries and affiliated entities to support specialized service lines, including customer management platforms, security and maintenance teams, and technical service units that enable integrated service delivery for complex, multi-site portfolios. Latest major company changes include strategic partnerships and alliances to expand service capabilities in property operations and digital solutions, acquisitions or stakes in ancillary service providers to broaden capability sets, and the introduction of new service offerings such as enhanced digital infrastructure, smart building maintenance, and expanded foreign-related and medical support services. The company has pursued organizational refinements and branding adjustments to reflect expanded service scope and regional growth, alongside operational enhancements to scale field operations, strengthen cross-border service capabilities, and improve client onboarding and delivery efficiency. Recent financial and corporate developments reportedly include capital-raising activities and market-driven adjustments in response to evolving demand in property management and lifestyle services, as well as ongoing governance and disclosure updates typical of a listed entity on the Hong Kong Stock Exchange. Industry and segments emphasize property management, lifestyle services, and comprehensive support for foreign-owned enterprises and international facilities, with target markets comprising real estate developers, corporate tenants, embassies and international institutions, educational and medical facilities, and multinational clients requiring integrated operations support. The firm positions itself as a one-stop partner for end-to-end property and community service needs, leveraging its diversified service portfolio to deliver coordinated solutions across site operations, guest and visitor management, safety and security, maintenance, and digital-enabled service delivery.