Monthly Archives: July 2016

$1B profit from China’s most profitable HSR

According to the debt prospectus issued by Tianjin Railway Construction Investment Group, Beijing-Shanghai high-speed railway (HSR), being China’s most profitable HSR , recorded a 2015 net profit of RMB6.6bn (5.0% ROE) or USD1b. Revenue and profit before tax in 2015 were Rmb23.4bn and Rmb6.7bn in 2015, respectively. Total liabilities/total asset was 27.74% as of end-15.… Read More »