Daqin Railway Co.,Ltd.’s Net Profit Dropped 17.8% in First Quarter of 2022

Daqin Railway Co.,Ltd. (大秦铁路股份有限公司) (601006.SH) reported a net profit of 3.3 billion yuan in the first quarter of 2022, down 17.8% year-on-year.

Meanwhile, the company posted 18.3 billion yuan in revenue, down 5.9% year-on-year.

At the end of the reporting period, it had 200.4 billion yuan in total assets and 61.5 billion yuan in total liabilities, with a liability-to-asset ratio of 30.7%.