Beijing-Shanghai High Speed Railway Co.,Ltd.’s Net Profit Rose 4619.1% in First Quarter of 2023

Beijing-Shanghai High Speed Railway Co.,Ltd. (京沪高速铁路股份有限公司) (601816.SH) reported a net profit of 2.1 billion yuan in the first quarter of 2023, up 4619.1% year-on-year.

Meanwhile, the company posted 8.9 billion yuan in revenue, up 57.4% year-on-year.

At the end of the reporting period, it had 291 billion yuan in total assets and 81.5 billion yuan in total liabilities, with a liability-to-asset ratio of 28%.