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	Jun '26 Jun 30, 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	402.51	154.61	358.08	266.49	554.7	736.4
Short-Term Investments	-	159.4	153.49	10.98	-	-
Trading Asset Securities	675	649.42	50	-	-	-
Cash & Short-Term Investments	1,078	963.42	561.57	277.47	554.7	736.4
Cash Growth	95.00%	71.56%	102.39%	-49.98%	-24.67%	338.89%
Accounts Receivable	289.76	358.98	161.15	269.76	695.13	542.82
Other Receivables	4.47	11.52	17.2	7.27	7.25	11.31
Receivables	294.23	370.5	178.34	277.03	702.38	554.13
Inventory	149.21	12.2	16.14	36.72	22.52	16.98
Other Current Assets	370.45	265.73	1.24	1.46	0.34	0.16
Total Current Assets	1,891	1,612	757.29	592.68	1,280	1,308
Property, Plant & Equipment	237.41	240.04	232.67	185.07	150.82	130.05
Long-Term Investments	32.65	222.61	551.19	511.11	680.68	863.75
Other Intangible Assets	61.12	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	9.98	8.12	11.1	10.62	7.71	2.57
Long-Term Deferred Charges	7.89	3.41	3.85	0.3	-	2.17
Other Long-Term Assets	120.71	4.92	11.89	0.15	0.21	0.21
Total Assets	2,394	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	Jun '26 Jun 30, 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	229.49	39.27	43.5	41.66	37.82	33.3
Accrued Expenses	30.73	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	15.6	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	10.47	3.73	3.51	15.35	8.19	19.2
Current Unearned Revenue	111.06	0.04	0.08	2.86	0.12	-
Other Current Liabilities	23.97	108.02	236.33	256.88	185.45	162.65
Total Current Liabilities	431.32	188.29	342.72	745.37	860.27	1,276
Long-Term Debt	32.05	45.01	106.54	73.44	71.07	45.78
Long-Term Leases	14.63	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	13.38	4.06	6.27	3.78	4.3	1.4
Other Long-Term Liabilities	-	0.99	0.99	0.67	0.67	-
Total Liabilities	496.43	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	Jun '26 Jun 30, 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	1,274	1,259	1,218	1,200	1,128	1,076
Comprehensive Income & Other	2.14	2.13	1.54	1.32	1.48	1.93
Total Common Equity	1,753	1,739	1,697	1,739	1,634	1,584
Minority Interest	143.96	96	85.73	83.66	23.08	16.09
Shareholders' Equity	1,897	1,835	1,782	1,822	1,657	1,600
Total Liabilities & Equity	2,394	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	Jun '26 Jun 30, 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	72.28	74.77	157.04	488.55	700.13	1,110
Net Cash (Debt)	1,005	888.65	404.52	-211.08	-145.43	-373.18
Net Cash Growth	150.68%	119.68%	-	-	-	-
Net Cash Per Share	2.11	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	1,460	1,424	414.57	-152.69	419.68	31.85
Book Value Per Share	3.67	3.64	3.55	3.64	3.42	3.32
Tangible Book Value	1,660	1,738	1,695	1,737	1,634	1,584
Tangible Book Value Per Share	3.48	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	-	-	-	-