China Railway Group’s total revenue in 2023 will be 1.25 trillion yuan, and its net profit will be 3.3 billion yuan, both breaking historical records

The State Railway Group Co., Ltd. of the People's Republic of China announced its operating results in 2023. This is also the best year in the history of the State Railway Group, with both total revenue and net profit breaking historical records. .

According to the data provided, China Railway Group’s total revenue increased by 10.62% in 2023, and its net profit turned from negative to positive and exceeded 3 billion yuan for the first time, reaching 3.304 billion yuan. Both data exceeded the best performance in 2019, in which total revenue increased by 10.62% and profit increased by 25.24%. Compared with 2019, they increased by 10.62% and 30.90% respectively in 2023.

The State Railway Group announced that the fares of four high-speed railways including Wuhan-Guangzhou High-speed Railway, Shanghai-Hangzhou Passenger Railway, Shanghai-Kunming Passenger Railway, and Hangzhou-Ningbo Passenger Railway will start to increase in June, and the fare window will increase by 19%-20 %about. This site has previously reported that the China Railway Group also announced that the fares for four high-speed rail lines, including Wuhan-Guangzhou High-speed Railway, Shanghai-Hangzhou Passenger Railway, Shanghai-Kunming Passenger Railway, and Hangzhou-Ningbo Passenger Railway, have been increased starting from April 19. This time The upward adjustment will further

In 2023, China Railway Group's total transportation revenue will be 964.1 billion yuan, a year-on-year increase of 39%, exceeding the established target of 817.5 billion yuan. In 2023, the China Railway Group completed cargo shipments of 3.91 billion tons, a year-on-year increase of 0.26%, setting a historical record.

In 2023, the China Railway Group completed 3.68 billion passenger shipments, a year-on-year increase of 128.57%, and the peak daily shipment volume exceeded 20 million passengers. Passenger traffic reached record highs throughout the year and on peak days. At the beginning of 2023, the China Railway Group set a target of only 2.69 billion passengers, and the actual completion exceeded the target by 36.80%.

By 2023, fixed asset investment in railways across the country will reach 764.5 billion yuan, a year-on-year increase of 7.5%, becoming the largest railway investment since the "14th Five-Year Plan"; 3,637 kilometers of new lines will be put into operation, including 2,776 kilometers of high-speed railways kilometers. By the end of 2023, the national railway operating mileage will reach 159,000 kilometers, including 45,000 kilometers of high-speed rail.

Related reading:

• ## "The fares of four railways including Wuhan-Guangzhou High-speed Railway and Shanghai-Hangzhou Passenger Railway will start to increase on June 15, and the increase will be 19-20%》

• 《my country will open 2,776 kilometers of new high-speed railways and 7,000 kilometers of newly renovated and expanded highways in 2023》

• 《2024 Latest The latest version of the national railway route map was released, with 45,000 kilometers of high-speed rail reaching all directions"

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