Beijing-Shanghai High-Speed Railway (601816) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 reached RMB 20.86 billion, up 8.21% year-over-year, with net profit attributable to shareholders at RMB 6.36 billion, up 23.77% year-over-year.

• Passenger volume on mainline trains was 24.71 million, down 1.1% year-over-year, while cross-line train mileage increased 7.9% and subsidiary lines' mileage rose 10.5%.

• The company maintained stable operations, improved service quality, and advanced technological innovation, with a focus on safety and efficiency.

Financial highlights

• Operating income: RMB 20.86 billion (up 8.21% year-over-year).

• Net profit attributable to shareholders: RMB 6.36 billion (up 23.77% year-over-year).

• Basic and diluted EPS: RMB 0.1295 (up 23.80% year-over-year).

• Net cash from operating activities: RMB 10.32 billion (up 9.30% year-over-year).

• Total assets: RMB 283.86 billion (down 2.86% from year-end 2023).

Outlook and guidance

• The company aims to further enhance service quality, optimize train operations, and continue technological upgrades, with a focus on safety and high-quality growth.

• Plans include a RMB 1 billion share repurchase to support shareholder value.