Zhongxin Finance, April 30. On April 29, China National Railway Group Co., Ltd. (hereinafter referred to as the National Railway Group) disclosed the final financial information for 2021 and the first quarter of 2022.
In the first quarter of 2022, while supporting the overall situation of epidemic prevention and control and reducing the number of passenger trains, the China Railway Group achieved revenue of 230.1 billion yuan, a year-on-year increase of 1.4%.
In 2021, the National Railway Group will realize a revenue of 1,131.3 billion yuan, an increase of 64.6 billion yuan or 6.1% year-on-year; a net profit loss of 49.85 billion yuan, a year-on-year decrease of 5.6 billion yuan; the national railway will send 2.53 billion passengers, a year-on-year increase of 16.9%, and goods. 3.72 billion tons, an increase of 4.0% year-on-year, and the operating results were better than expected.
In the first quarter of 2022, while supporting the overall situation of epidemic prevention and control and reducing the number of passenger trains, the China Railway Group achieved revenue of 230.1 billion yuan, a year-on-year increase of 1.4%.
According to the person in charge of the Finance Department of China National Railway Group, since 2021, the volume of railway freight shipments has continued to grow.
The National Railway Group adheres to the strategy of replenishing passengers with goods, and implements freight increment actions to ensure the transportation of key materials for the national economy and people's livelihood such as coal, fertilizer, grain, and epidemic prevention. Three years to maintain growth.
In the first quarter of 2022, railway freight continued to maintain its growth momentum. The national railway completed 949 million tons of freight, a year-on-year increase of 2.8%.
While strongly supporting the prevention and control of the epidemic, railway passenger transport achieved an annual recovery growth.
The precise implementation of "one picture a day", dynamic optimization of passenger supply, and continuous improvement of railway passenger service quality. In 2021, the national railway will send 2.53 billion passengers, a year-on-year increase of 16.9%, achieving an annual recovery growth.
Entering the first quarter of 2022, in order to minimize the risk of the epidemic spilling over through railways and to reduce the number of passenger trains in a timely manner, the national railways completed 450 million passenger trips, a year-on-year decrease of 14.2%.
The person in charge emphasized that in 2021, China National Railway Group will achieve a year-on-year reduction of 5.6 billion yuan in net profit.
The main reason for the loss of net profit is that due to the impact of the epidemic, passenger flow is generally operating at a low level, and passenger revenue and diversified operating income such as hotels and tourism have decreased significantly compared with those before the epidemic.
In response to the severe and complex business situation, China National Railway Group will stick to the bottom line goal of profit and loss, firmly establish the idea of "tight days", and insist on two-way efforts to increase revenue and reduce expenditure. Profits were 4.5 billion yuan; comprehensive budget management was strengthened, expenditures were determined strictly based on revenue and expenditures were linked, and the total amount of costs and expenditures was controlled by every possible means.
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