Beijing-Shanghai High-Speed Railway (601816) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 10.56 billion, up 3.29% year-over-year, with net profit attributable to shareholders rising 6.03% to RMB 3.14 billion.

• Total assets increased 1.00% from year-end 2025 to RMB 290.81 billion, and shareholders’ equity rose 1.59% to RMB 210.40 billion.

Financial highlights

• Operating income for Q1 2026 was RMB 10.56 billion, compared to RMB 10.22 billion in Q1 2025.

• Total profit grew 6.11% year-over-year to RMB 4.25 billion.

• Net cash flow from operating activities was RMB 4.42 billion, down 8.15% year-over-year.

• Basic and diluted EPS were both RMB 0.0642, up from RMB 0.0604 in Q1 2025.

Key financial ratios and metrics

• Weighted average return on equity was 1.51%, up 0.05 percentage points year-over-year.

• Gross margin improved as operating costs increased at a slower pace than revenue.