Beijing-Shanghai High Speed Railway Co.,Ltd. Posted 1.6 Billion Yuan Net Loss in First Half 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 loss of 1.6 billion yuan in the first half of 2022, reversing a net profit of 2.4 billion yuan for the same period in the previous year.

Meanwhile, the company posted 7.9 billion yuan in revenue, down 47.5% year-on-year.

At the end of the reporting period, it had 291.3 billion yuan in total assets and 83.9 billion yuan in total liabilities, with a liability-to-asset ratio of 28.8%.