May 06, 2022 08:00 AM

China Railway Group Limited’s Net Profit Rose 18.3% in First Quarter of 2022

By Caixin Automation

China Railway Group Limited (中国中铁股份有限公司) (601390.SH) reported a net profit of 8.3 billion yuan in the first quarter of 2022, up 18.3% year-on-year.

Meanwhile, the company posted 266.5 billion yuan in revenue, up 12.7% year-on-year.

At the end of the reporting period, it had 1.4 trillion yuan in total assets and 1 trillion yuan in total liabilities, with a liability-to-asset ratio of 73.7%.

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