Caixin
Jul 15, 2022 04:20 AM
BUSINESS

Beijing-Shanghai High-Speed Railway to Post First Quarterly Loss Since IPO

The 1,318 kilometer Beijing-Shanghai high-speed railway is one of the busiest in the world.
The 1,318 kilometer Beijing-Shanghai high-speed railway is one of the busiest in the world.

Beijing-Shanghai High Speed Railway Co. Ltd. (601816.SH) expects to report its first quarterly loss since the railway operator went public in 2020 as train travel shrinks amid strict pandemic control measures in China, the company said Thursday.

The bottom line swung to a net loss of 1.55 billion to 1.03 billion yuan ($230 million to $153 million) for the first half, the railway said.

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