Beijing-Shanghai railway achieves profitability and sets expansion plans

Beijing-Shanghai High Speed Railway (SSE:601816) reported fiscal year 2024 financials showing significant year-over-year gains alongside a number of planned future company initiatives. The company achieved total operating revenue of CNY42.16B, up 3.62% from 2023, and net profit attributable to shareholders of CNY12.77B, a 10.59% increase. The positive results were attributed to a strong post-pandemic recovery in passenger traffic and effective cost management.