Shanghai Shentong Metro Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	321.07	154.61	358.08	266.49	554.7	736.4
Short-Term Investments	-	159.4	153.49	10.98	-	-
Trading Asset Securities	715	649.42	50	-	-	-
Cash & Short-Term Investments	1,036	963.42	561.57	277.47	554.7	736.4
Cash Growth	205.10%	71.56%	102.39%	-49.98%	-24.67%	338.89%
Accounts Receivable	172.79	358.98	161.15	269.76	695.13	542.82
Other Receivables	12.37	11.52	17.2	7.27	7.25	11.31
Receivables	185.15	370.5	178.34	277.03	702.38	554.13
Inventory	14.01	12.2	16.14	36.72	22.52	16.98
Other Current Assets	619.39	265.73	1.24	1.46	0.34	0.16
Total Current Assets	1,855	1,612	757.29	592.68	1,280	1,308
Property, Plant & Equipment	235.69	240.04	232.67	185.07	150.82	130.05
Long-Term Investments	105.84	222.61	551.19	511.11	680.68	863.75
Other Intangible Assets	0.46	0.59	1.1	1.54	0.11	0.18
Long-Term Accounts Receivable	-	-	693	1,364	494.06	638.85
Long-Term Deferred Tax Assets	7.94	8.12	11.1	10.62	7.71	2.57
Long-Term Deferred Charges	3.14	3.41	3.85	0.3	-	2.17
Other Long-Term Assets	118.76	4.92	11.89	0.15	0.21	0.21
Total Assets	2,326	2,092	2,262	2,665	2,614	2,945

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Accounts Payable	113.99	39.27	43.5	41.66	37.82	33.3
Accrued Expenses	23.66	20.97	27.67	30.01	16.94	17.76
Short-Term Debt	10.01	10.01	10.01	383	608.35	553.46
Current Portion of Long-Term Debt	5.99	0.03	15	11.21	0.12	488.33
Current Portion of Leases	-	6.21	6.62	4.4	3.27	1.13
Current Income Taxes Payable	3.83	3.73	3.51	15.35	8.19	19.2
Current Unearned Revenue	0.04	0.04	0.08	2.86	0.12	-
Other Current Liabilities	259.71	108.02	236.33	256.88	185.45	162.65
Total Current Liabilities	417.23	188.29	342.72	745.37	860.27	1,276
Long-Term Debt	45.01	45.01	106.54	73.44	71.07	45.78
Long-Term Leases	13.05	13.5	18.87	16.51	17.32	20.88
Long-Term Unearned Revenue	5.06	4.98	4.37	3.42	2.52	1.77
Long-Term Deferred Tax Liabilities	3.92	4.06	6.27	3.78	4.3	1.4
Other Long-Term Liabilities	0.99	0.99	0.99	0.67	0.67	-
Total Liabilities	485.27	256.83	479.76	843.18	956.14	1,346

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Common Stock	477.38	477.38	477.38	477.38	477.38	477.38
Additional Paid-In Capital	-	-	-	60.18	27.9	27.9
Retained Earnings	1,263	1,259	1,218	1,200	1,128	1,076
Comprehensive Income & Other	2.2	2.13	1.54	1.32	1.48	1.93
Total Common Equity	1,743	1,739	1,697	1,739	1,634	1,584
Minority Interest	98.35	96	85.73	83.66	23.08	16.09
Shareholders' Equity	1,841	1,835	1,782	1,822	1,657	1,600
Total Liabilities & Equity	2,326	2,092	2,262	2,665	2,614	2,945

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Total Debt	74.06	74.77	157.04	488.55	700.13	1,110
Net Cash (Debt)	962.01	888.65	404.52	-211.08	-145.43	-373.18
Net Cash Growth	468.91%	119.68%	-	-	-	-
Net Cash Per Share	2.02	1.86	0.85	-0.44	-0.30	-0.78
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	1,437	1,424	414.57	-152.69	419.68	31.85
Book Value Per Share	3.65	3.64	3.55	3.64	3.42	3.32
Tangible Book Value	1,742	1,738	1,695	1,737	1,634	1,584
Tangible Book Value Per Share	3.65	3.64	3.55	3.64	3.42	3.32
Buildings	-	0.55	0.55	1.27	0.98	0.98
Machinery	-	270.38	246.23	195.05	148.37	118.66
Construction In Progress	-	0.83	-	-	-	-