Beijing-Shanghai High Speed Railway Co.,Ltd. Posted 8.7 Billion Yuan Net Profit in First Three Quarters 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 8.7 billion yuan in the first three quarters of 2023, reversing a net loss of 518 million yuan for the same period in the previous year.

Meanwhile, the company posted 30.9 billion yuan in revenue, up 102.8% year-on-year.

At the end of the reporting period, it had 292.4 billion yuan in total assets and 76.9 billion yuan in total liabilities, with a liability-to-asset ratio of 26.3%.