China Railway Group Limited’s Net Profit Rose 8.7% in First Half of 2023

China Railway Group Limited (中国中铁股份有限公司) (601390.SH) reported a net profit of 18.3 billion yuan in the first half of 2023, up 8.7% year-on-year.

Meanwhile, the company posted 589.5 billion yuan in revenue, up 5.4% year-on-year.

At the end of the reporting period, it had 1.7 trillion yuan in total assets and 1.3 trillion yuan in total liabilities, with a liability-to-asset ratio of 74.7%.