Shanghai Shentong Metro Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	257.77	358.08	266.49	554.7	736.4	167.79
Short-Term Investments	-	153.49	10.98	-	-	-
Trading Asset Securities	553	50	-	-	-	-
Cash & Short-Term Investments	810.77	561.57	277.47	554.7	736.4	167.79
Cash Growth	205.38%	102.39%	-49.98%	-24.67%	338.89%	-47.21%
Accounts Receivable	183.43	161.15	269.76	695.13	542.82	134.86
Other Receivables	8.11	17.2	7.27	7.25	11.31	2.82
Receivables	191.53	178.34	277.03	702.38	554.13	137.68
Inventory	16.87	16.14	36.72	22.52	16.98	12.04
Other Current Assets	80.89	1.24	1.46	0.34	0.16	4.96
Total Current Assets	1,100	757.29	592.68	1,280	1,308	322.46
Property, Plant & Equipment	373.71	232.67	185.07	150.82	130.05	59.47
Long-Term Investments	106	551.19	511.11	680.68	863.75	857.51
Other Intangible Assets	0.72	1.1	1.54	0.11	0.18	-
Long-Term Accounts Receivable	-	693	1,364	494.06	638.85	1,600
Long-Term Deferred Tax Assets	9.68	11.1	10.62	7.71	2.57	2.21
Long-Term Deferred Charges	3.44	3.85	0.3	-	2.17	3.55
Other Long-Term Assets	488.27	11.89	0.15	0.21	0.21	0.23
Total Assets	2,082	2,262	2,665	2,614	2,945	2,845
Accounts Payable	122.1	43.5	41.66	37.82	33.3	23.3
Accrued Expenses	21.31	27.67	30.01	16.94	17.76	15.31
Short-Term Debt	10	10.01	383	608.35	553.46	150.14
Current Portion of Long-Term Debt	9.69	15	11.21	0.12	488.33	-
Current Portion of Leases	-	6.62	4.4	3.27	1.13	-
Current Income Taxes Payable	10.98	3.51	15.35	8.19	19.2	20.13
Current Unearned Revenue	0.08	0.08	2.86	0.12	-	10.33
Other Current Liabilities	32	236.33	256.88	185.45	162.65	437.6
Total Current Liabilities	206.16	342.72	745.37	860.27	1,276	656.8
Long-Term Debt	45.01	106.54	73.44	71.07	45.78	634.93
Long-Term Leases	13.97	18.87	16.51	17.32	20.88	-
Long-Term Unearned Revenue	4.37	4.37	3.42	2.52	1.77	1.86
Long-Term Deferred Tax Liabilities	5.85	6.27	3.78	4.3	1.4	1.77
Other Long-Term Liabilities	0.99	0.99	0.67	0.67	-	-
Total Liabilities	276.36	479.76	843.18	956.14	1,346	1,295
Common Stock	477.38	477.38	477.38	477.38	477.38	477.38
Additional Paid-In Capital	-	-	60.18	27.9	27.9	27.9
Retained Earnings	1,235	1,218	1,200	1,128	1,076	1,027
Comprehensive Income & Other	1.69	1.54	1.32	1.48	1.93	2.15
Total Common Equity	1,715	1,697	1,739	1,634	1,584	1,534
Minority Interest	91	85.73	83.66	23.08	16.09	15.7
Shareholders' Equity	1,806	1,782	1,822	1,657	1,600	1,550
Total Liabilities & Equity	2,082	2,262	2,665	2,614	2,945	2,845
Total Debt	78.67	157.04	488.55	700.13	1,110	785.07
Net Cash (Debt)	732.09	404.52	-211.08	-145.43	-373.18	-617.29
Net Cash Per Share	1.45	0.85	-0.44	-0.30	-0.78	-1.29
Filing Date Shares Outstanding	477.38	477.38	477.38	477.38	477.38	477.38
Total Common Shares Outstanding	477.38	477.38	477.38	477.38	477.38	477.38
Working Capital	893.89	414.57	-152.69	419.68	31.85	-334.34
Book Value Per Share	3.59	3.55	3.64	3.42	3.32	3.21
Tangible Book Value	1,714	1,695	1,737	1,634	1,584	1,534
Tangible Book Value Per Share	3.59	3.55	3.64	3.42	3.32	3.21
Buildings	-	0.55	1.27	0.98	0.98	0.98
Machinery	-	246.23	195.05	148.37	118.66	65.41

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.