Beijing-Shanghai High-Speed Railway (601816) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached RMB 10.22 billion, up 1.16% year-over-year; net profit attributable to shareholders was RMB 2.96 billion, nearly flat from last year.

• Operating cash flow increased 6.27% year-over-year to RMB 4.82 billion.

• Total assets at quarter-end were RMB 286.84 billion, up 0.77% from year-end 2024.

Financial highlights

• Operating income: RMB 10.22 billion, up 1.16% year-over-year.

• Net profit attributable to shareholders: RMB 2.96 billion, up 0.03% year-over-year.

• Basic and diluted EPS: RMB 0.0604, up 0.17% year-over-year.

• Operating cash flow: RMB 4.82 billion, up 6.27% year-over-year.

• Total equity attributable to shareholders: RMB 204.56 billion, up 1.06% from year-end.

Key financial ratios and metrics

• Weighted average ROE: 1.45%, down 0.06 percentage points year-over-year.

• Gross margin and operating margin remained stable, with operating results nearly unchanged from the prior year.