BEIJING-SHANGHAI HIGH SPEED RAI

BEIJING-SHANGHAI HIGH SPEED RAI — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016
+Revenue	42.2B	40.7B	19.3B	29.3B	25.2B	34.9B	31.2B	29.6B	26.3B
Revenue Growth %	3.6%	110.4%	-34.0%	16.1%	-27.6%	11.9%	5.4%	12.6%	--
Total Revenue	42.2B	40.7B	19.3B	29.3B	25.2B	34.9B	31.2B	29.6B	26.3B
Cost Of Revenue	22.2B	22.1B	16.7B	18.8B	17.3B	18.2B	16.3B	15.9B	15.1B
+Gross Profit	20.0B	18.6B	2.6B	10.5B	7.9B	16.7B	14.9B	13.6B	11.1B
Gross Margin %	47.4%	45.8%	13.5%	35.9%	31.3%	47.9%	47.7%	46.1%	42.3%
Total Operating Cost	25.1B	25.4B	20.4B	23.1B	21.2B	20.3B	17.5B	17.5B	17.2B
Admin Expenses	844.0M	802.0M	791.0M	802.0M	796.0M	299.0M	68.1M	63.5M	67.3M
Rd Expenses	10.9M	11.2M	4.6M	12.4M	11.9M	17.7M	8.4M	7.2M	6.8M
Finance Expenses	1.8B	2.4B	2.9B	3.3B	2.9B	1.8B	1.2B	1.2B	1.9B
+Operating Income	17.1B	15.3B	-1.0B	6.2B	4.0B	14.6B	13.7B	12.1B	9.0B
Operating Margin %	40.6%	37.6%	-5.4%	21.3%	16.0%	41.8%	43.9%	40.8%	34.4%
Non Operating Income	9.1M	30,600	4.0M	5.2M	69,900	753,700	1.0M	152,800	224,700
Non Operating Expenses	2.6M	4.8M	2.0M	1.6M	252,200	934,000	14,800	50,000	265,900
Asset Disposal Income	23,700	--	--	--	3.2M	--	--	--	--
Asset Impairment Loss	--	--	--	--	--	--	-68.3M	115.0M	28.7M
Other Income	140,500	209,800	37.9M	944,900	581,300	387,800	60,900	46,800	50,600
Income Before Tax	17.1B	15.3B	-1.0B	6.2B	4.0B	14.6B	13.7B	12.1B	9.0B
Income Tax	4.4B	4.1B	507.0M	2.0B	1.5B	4.0B	3.4B	3.0B	1.1B
+Net Income	12.7B	11.2B	-1.6B	4.2B	2.5B	10.6B	10.2B	9.1B	7.9B
Net Margin %	30.1%	27.5%	-8.0%	14.4%	9.9%	30.4%	32.9%	30.6%	30.1%
Net Income Attributable	12.8B	11.5B	-576.0M	4.8B	3.2B	11.1B	10.2B	9.1B	7.9B
Minority Interest	-96.9M	-338.0M	-976.0M	-600.0M	-728.0M	-466.0M	--	--	--
Eps Basic	0.26	0.24	-0.01	0.10	0.07	0.27	0.26	0.23	0.20
Eps Diluted	0.26	0.24	-0.01	0.10	0.07	0.27	0.26	0.23	0.20

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016
Cash And Equivalents	10.2B	12.9B	5.3B	8.9B	8.0B	10.1B	9.8B	9.2B	4.3B
Accounts Receivable	1.2B	982.0M	249.0M	231.0M	957.0M	1.3B	1.2B	1.2B	1.2B
Notes And Accounts Receivable	1.2B	982.0M	249.0M	231.0M	957.0M	1.3B	1.2B	1.2B	1.2B
Prepayments	983,400	306,500	23,900	67,700	335,600	--	70,000	74,100	--
Total Current Assets	12.0B	14.4B	6.0B	9.3B	10.3B	13.6B	11.5B	11.1B	6.4B
Fixed Assets	--	218.8B	223.8B	226.7B	230.5B	213.5B	132.8B	135.3B	137.8B
Fixed Assets Total	214.4B	218.8B	223.8B	226.7B	230.5B	213.5B	132.8B	135.3B	137.8B
Construction In Progress	--	172.0M	85.9M	79.3M	110.0M	25.6B	96.1M	186.0M	209.0M
Construction In Progress Total	215.0M	172.0M	85.9M	79.3M	110.0M	25.6B	96.1M	186.0M	209.0M
Intangible Assets	57.6B	58.4B	57.9B	58.4B	59.0B	59.6B	30.0B	29.9B	29.9B
Total Non Current Assets	272.7B	277.8B	282.5B	286.0B	290.6B	301.4B	164.2B	166.6B	173.7B
Total Assets	284.7B	292.2B	288.5B	295.3B	300.9B	315.0B	175.7B	177.7B	180.1B
Short Term Borrowings	--	--	--	2.0B	6.0B	--	--	3.5B	3.8B
Accounts Payable	1.1B	1.6B	799.0M	807.0M	802.0M	666.0M	741.0M	1.1B	959.0M
Advance Receipts	23.0M	22.9M	22.9M	22.9M	--	324.0M	175.0M	109.0M	246.0M
Contract Liabilities	391.0M	340.0M	140.0M	229.0M	150.0M	--	--	--	--
Total Current Liabilities	8.2B	14.7B	9.3B	9.0B	14.3B	12.9B	5.1B	8.9B	8.2B
Long Term Borrowings	50.6B	58.9B	71.3B	74.5B	77.5B	64.7B	21.7B	23.8B	27.0B
Total Non Current Liabilities	51.2B	59.6B	72.0B	75.2B	78.1B	72.4B	22.4B	24.5B	32.4B
Total Liabilities	59.4B	74.3B	81.3B	84.1B	92.4B	85.3B	27.5B	33.3B	40.6B
Paid In Capital	49.1B	49.1B	49.1B	49.1B	49.1B	42.8B	40.0B	130.6B	130.6B
Capital Reserve	122.6B	122.6B	122.6B	122.6B	122.6B	150.0B	90.6B	20.6M	20.6M
Surplus Reserve	7.9B	6.6B	5.4B	5.3B	4.7B	4.2B	3.0B	2.0B	1.1B
Retained Earnings	22.5B	16.5B	6.8B	9.9B	7.3B	7.1B	14.5B	11.8B	7.8B
Minority Equity	22.8B	22.9B	23.3B	24.3B	24.9B	25.5B	--	--	--
Equity Attributable	202.4B	195.0B	184.0B	186.8B	183.6B	204.1B	148.2B	144.4B	139.6B
Total Equity	225.2B	217.9B	207.3B	211.1B	208.5B	229.7B	148.2B	144.4B	139.6B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016
Cash From Sales	38.2B	36.1B	15.7B	26.7B	21.8B	30.7B	31.7B	30.5B	27.6B
Tax Refunds Received	--	--	37.8M	--	--	--	--	--	--
Total Operating Cash Inflow	38.3B	36.3B	16.0B	27.0B	22.3B	31.1B	32.5B	31.3B	27.7B
Cash Paid For Goods	11.5B	10.2B	8.5B	8.0B	6.9B	7.6B	12.6B	12.4B	12.2B
Cash Paid To Employees	53.5M	52.4M	44.3M	40.2M	43.1M	68.8M	35.2M	36.0M	35.4M
Taxes Paid	6.6B	4.9B	551.0M	3.4B	2.7B	5.2B	4.7B	4.0B	1.1B
Total Operating Cash Outflow	18.3B	15.3B	9.2B	11.5B	9.7B	13.1B	18.8B	16.4B	13.3B
Operating Cash Flow	20.1B	21.1B	6.8B	15.5B	12.6B	18.1B	13.8B	14.9B	14.4B
Total Investing Cash Inflow	11.8M	378.0M	2,476	97.0M	520.0M	1.7B	150.0M	101.0M	152.0M
Total Investing Cash Outflow	1.2B	1.5B	1.1B	3.7B	5.5B	15.2B	678.0M	678.0M	386.0M
Investing Cash Flow	-1.2B	-1.1B	-1.1B	-3.6B	-5.0B	-13.6B	-527.0M	-577.0M	-234.0M
Cash From Borrowings	13.0B	16.9B	4.7B	7.9B	28.9B	8.9B	2.5B	3.5B	3.8B
Dividends And Interest Paid	7.6B	3.3B	5.6B	5.2B	6.2B	16.9B	7.6B	5.9B	2.8B
Debt Repayments	27.0B	26.0B	8.4B	13.6B	11.3B	2.4B	7.5B	7.0B	17.3B
Total Financing Cash Inflow	13.0B	16.9B	4.7B	7.9B	60.6B	13.6B	2.5B	3.5B	3.8B
Total Financing Cash Outflow	34.6B	29.3B	13.9B	18.8B	70.3B	19.3B	15.1B	12.8B	20.1B
Financing Cash Flow	-21.6B	-12.4B	-9.3B	-10.9B	-9.7B	-5.7B	-12.6B	-9.3B	-16.3B
Net Change In Cash	-2.7B	7.6B	-3.6B	968.0M	-2.1B	-1.2B	619.0M	5.0B	-2.1B
Ending Cash Balance	10.2B	12.9B	5.3B	8.9B	8.0B	10.1B	9.8B	9.2B	4.3B
Capex	1.2B	1.5B	1.1B	3.5B	5.0B	14.4B	657.0M	655.0M	327.0M