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	Sep '26 Sep 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	513.05	154.61	358.08	266.49	554.7	736.4
Short-Term Investments	-	159.4	153.49	10.98	-	-
Trading Asset Securities	565	649.42	50	-	-	-
Cash & Short-Term Investments	1,078	963.42	561.57	277.47	554.7	736.4
Cash Growth	32.97%	71.56%	102.39%	-49.98%	-24.67%	338.89%
Accounts Receivable	277.09	358.98	161.15	269.76	695.13	542.82
Other Receivables	13.9	11.52	17.2	7.27	7.25	11.31
Receivables	290.99	370.5	178.34	277.03	702.38	554.13
Inventory	178.21	12.2	16.14	36.72	22.52	16.98
Other Current Assets	483.96	265.73	1.24	1.46	0.34	0.16
Total Current Assets	2,031	1,612	757.29	592.68	1,280	1,308
Property, Plant & Equipment	240.75	240.04	232.67	185.07	150.82	130.05
Long-Term Investments	87.29	222.61	551.19	511.11	680.68	863.75
Other Intangible Assets	59.78	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	9.86	8.12	11.1	10.62	7.71	2.57
Long-Term Deferred Charges	7.2	3.41	3.85	0.3	-	2.17
Other Long-Term Assets	4.8	4.92	11.89	0.15	0.21	0.21
Total Assets	2,473	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	Sep '26 Sep 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	265.98	39.27	43.5	41.66	37.82	33.3
Accrued Expenses	28.9	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	5.37	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	8.76	3.73	3.51	15.35	8.19	19.2
Current Unearned Revenue	154.28	0.04	0.08	2.86	0.12	-
Other Current Liabilities	21.05	108.02	236.33	256.88	185.45	162.65
Total Current Liabilities	494.35	188.29	342.72	745.37	860.27	1,276
Long-Term Debt	41.05	45.01	106.54	73.44	71.07	45.78
Long-Term Leases	15.19	13.5	18.87	16.51	17.32	20.88
Long-Term Unearned Revenue	5.23	4.98	4.37	3.42	2.52	1.77
Long-Term Deferred Tax Liabilities	13.17	4.06	6.27	3.78	4.3	1.4
Other Long-Term Liabilities	-	0.99	0.99	0.67	0.67	-
Total Liabilities	568.99	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	Sep '26 Sep 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	1,282	1,259	1,218	1,200	1,128	1,076
Comprehensive Income & Other	1.94	2.13	1.54	1.32	1.48	1.93
Total Common Equity	1,762	1,739	1,697	1,739	1,634	1,584
Minority Interest	142.77	96	85.73	83.66	23.08	16.09
Shareholders' Equity	1,904	1,835	1,782	1,822	1,657	1,600
Total Liabilities & Equity	2,473	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	Sep '26 Sep 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	71.62	74.77	157.04	488.55	700.13	1,110
Net Cash (Debt)	1,006	888.65	404.52	-211.08	-145.43	-373.18
Net Cash Growth	37.47%	119.68%	-	-	-	-
Net Cash Per Share	2.21	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	1,537	1,424	414.57	-152.69	419.68	31.85
Book Value Per Share	3.69	3.64	3.55	3.64	3.42	3.32
Tangible Book Value	1,669	1,738	1,695	1,737	1,634	1,584
Tangible Book Value Per Share	3.50	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	-	-	-	-