Beijing-Shanghai High-Speed Railway earns RMB 6.6 billion net profit in 2015
Beijing-Shanghai High-Speed Railway earned 23.4 billion yuan (US$3.5 billion) last year, with a net profit of nearly RMB 6.6 billion.
Beijing-Shanghai High-Speed Railway earned RMB 23.4 billion (USD 3.5 billion) last year, with a net profit of nearly RMB 6.6 billion, the National Business Daily reported on Tuesday.
Net assets of the company's subsidiary that runs the route reached RMB 131.2 billion by the end of 2015, and the debt-to-assets ratio stood at 27.7%, according to a report released by one of its shareholders.
Although Beijing-Shanghai High-Speed Railway Co. Ltd. has been vague about its financial performance, industry insiders say it's the only bullet train route in China that made money in the past five years.
The railway carried more than 24 million passengers in just half a year after it started operation in June 2011. In 2015 alone, the number reached nearly 130 million, according to official statistics.
That means each passenger contributed about 50 yuan to its profit last year.
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