Beijing-Shanghai High Speed Railway Co.,Ltd. Posted 1.6 Billion Yuan Net Loss in 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 2022, reversing a net profit of 4.2 billion yuan for the previous year.

Meanwhile, the company posted 19.3 billion yuan in revenue, down 34% year-on-year.

At the end of the reporting period, it had 288.5 billion yuan in total assets and 81.3 billion yuan in total liabilities, with a liability-to-asset ratio of 28.2%.