Beijing-Shanghai High Speed Railway Co.,Ltd. Posted 4.9 Billion Yuan Net Profit in First Half 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 4.9 billion yuan in the first half of 2023, reversing a net loss of 1.6 billion yuan for the same period in the previous year.

Meanwhile, the company posted 19.3 billion yuan in revenue, up 143.2% year-on-year.

At the end of the reporting period, it had 294.9 billion yuan in total assets and 83.2 billion yuan in total liabilities, with a liability-to-asset ratio of 28.2%.