Chinanews.com client Beijing, April 30. Today, the China Railway Group disclosed financial information for 2019. In 2019, China Railway Group achieved revenue of 1.134 trillion yuan, an increase of 39.3 billion yuan or 3.6% year-on-year; net profit was 2.52 billion yuan, an increase of 480 million yuan year-on-year. At the end of 2019, total assets were 8311.5 billion yuan, an increase of 312.6 billion yuan, an increase of 3.9%, total liabilities of 5.4859 trillion yuan, and an asset-liability ratio of 65.98%.

Data map: The train enters the station. Zhang Yuanshe

  According to the person in charge of the Finance Department of the National Railway Group, in 2019, the National Railway Group launched an in-depth battle of "guaranteeing safety, stability, opening, increasing traffic, increasing revenue, and increasing efficiency". The volume was 3.58 billion people, an increase of 260 million people, an increase of 7.9%; the total freight volume was 3.44 billion tons, an increase of 250 million tons, an increase of 7.8%. Driven by the substantial growth in passenger and freight traffic, total railway transportation revenue was 816.8 billion yuan, an increase of 51 billion yuan or 6.7% year-on-year, and achieved good operating results.

  At the same time, strengthen the reform and innovation of the railway system and mechanism, actively promote the reform of the joint stock system of the national railway enterprise, comprehensively deepen the reform of the corporate system, accelerate the establishment of a modern enterprise system, optimize and improve the management system and operating mechanism of the national railway enterprise, the national railway group is established, and the railway bureau group company The corporate governance structure was further improved; the mixed ownership reform was actively and steadily promoted. The reform of the high-quality asset shares of the national railway enterprises went smoothly. The Beijing-Shanghai high-speed railway successfully landed on the A shares, which increased the level of railway asset capitalization and equity securitization; actively deepened the reform of the railway investment and financing system To promote market-oriented debt-to-equity swaps and effectively prevent debt risks, the national railway enterprise governance system and governance capabilities have been significantly improved.

  The person in charge said that the asset-liability ratio of the China Railway Group increased slightly, mainly due to the implementation of the "six stability" requirements, speeding up railway construction, maintaining a large-scale fixed asset investment, and a large number of new lines such as the Beijing-Zhangzhou high-speed railway were completed and put into production by the end of 2019. The operating mileage of railways has reached more than 139,000 kilometers; it has actively promoted the capitalization and equity of assets, promoted the reorganization and integration of joint venture companies, and the changes in asset relations. National Railway Group raises funds through various methods such as issuing bonds, bills, and bank loans, scientifically and effectively allocates funds, continuously reduces financing costs, has a reasonable debt structure, and is generally under control. Railway liabilities are mainly construction investment liabilities, which are fundamentally different from operating liabilities that maintain simple reproduction, and correspond to high-quality assets. Railway passenger and freight transportation and diversified operations continue to improve, with stable operating cash flow and good solvency. The optimization and adjustment of the railway asset structure is conducive to further improving the operating quality of national railway enterprises, and is conducive to promoting the better development of the railway industry.

  The person in charge pointed out that in 2020, the China Railway Group will seriously implement the decision-making and deployment of the Party Central Committee and the State Council to promote the prevention and control of the epidemic and economic and social development, actively respond to the impact of the epidemic, continue to maintain the scale of fixed asset investment, and implement in-depth freight increment actions , Accurately increase the effective supply of passenger transport, expand the railway industry chain, strive to open up new economic growth points, further strengthen comprehensive budget management, maximize cost savings, strive to achieve good operating benefits, and promote high-quality railway development.