SHANGHAI -- The state-owned operator of a high-speed passenger train between Beijing and Shanghai has turned an annual net profit for the first time since service began in 2011, a document from a shareholder reveals.
Beijing-Shanghai High-Speed Railway Co. does not release earnings. But the document, disclosed for a bond issuance, shows a roughly 6.6 billion yuan ($985 million) profit in 2015. Sales came to 23.4 billion yuan.
