Beijing-Shanghai High Speed Railway Co.,Ltd. Posted 517.8 Million Yuan Net Loss in First Three Quarters 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 517.8 million yuan in the first three quarters of 2022, reversing a net profit of 3.9 billion yuan for the same period in the previous year.

Meanwhile, the company posted 15.2 billion yuan in revenue, down 33.9% year-on-year.

At the end of the reporting period, it had 289.9 billion yuan in total assets and 81.4 billion yuan in total liabilities, with a liability-to-asset ratio of 28.1%.