Beijing-Shanghai High Speed Railway Co.,Ltd.’s Net Profit Dropped 63.7% in First Quarter of 2022

Beijing-Shanghai High Speed Railway Co.,Ltd. (京沪高速铁路股份有限公司) (601816.SH) reported a net profit of 45.8 million yuan in the first quarter of 2022, down 63.7% year-on-year.

Meanwhile, the company posted 5.7 billion yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 293.5 billion yuan in total assets and 82.3 billion yuan in total liabilities, with a liability-to-asset ratio of 28%.