Guangshen Railway Co.,Ltd. Posted 405.5 Million Yuan Net Profit in First Quarter of 2023

Guangshen Railway Co.,Ltd. (广深铁路股份有限公司) (601333.SH) reported a net profit of 405.5 million yuan in the first quarter of 2023, reversing a net loss of 398.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.1 billion yuan in revenue, up 23% year-on-year.

At the end of the reporting period, it had 37.2 billion yuan in total assets and 11.5 billion yuan in total liabilities, with a liability-to-asset ratio of 31%.