Beijing-Shanghai High-Speed Railway (601816) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached ¥11.79 billion, up 2.60% year-over-year; year-to-date revenue was ¥32.80 billion, up 1.39% year-over-year.

• Net profit attributable to shareholders for Q3 was ¥3.99 billion, up 8.96% year-over-year; year-to-date net profit was ¥10.30 billion, up 2.87% year-over-year.

• Operating cash flow for Q3 was ¥6.06 billion, up 11.87% year-over-year; year-to-date operating cash flow was ¥16.33 billion, up 3.74% year-over-year.

Financial highlights

• Gross margin for the first nine months was 47.9%, with operating costs at ¥17.07 billion against revenue of ¥32.80 billion.

• Basic and diluted EPS for Q3 were both ¥0.0814; year-to-date EPS was ¥0.2103.

• Total assets at quarter-end were ¥287.86 billion, up 1.12% from year-end 2024.

• Shareholders’ equity attributable to listed company shareholders was ¥204.44 billion, up 1.01% from year-end 2024.

Outlook and guidance

• Management did not provide explicit forward-looking guidance in this report.