Beijing-Shanghai High Speed Railway Swings to Profit in First Half

What’s new: Beijing-Shanghai High Speed Railway Co. Ltd. swung to a profit in the first half of 2023 thanks to surging post-Covid travel demand.

The railway operator reported revenue of 19.3 billion yuan ($2.65 billion), a 143% increase from the same period a year earlier, and a profit of 5.1 billion yuan following a net loss of 1 billion yuan in the 2022 periods. The half-year profit was in line with full-year earnings in 2019 before the pandemic.