China Railway Group's net profit to be 1.7 billion in first half of 2024 - Chinese report

China's state-owned railway company, China State Railway Corporation (hereinafter referred to as SRC), announced its financial results for the first half of 2024. According to the announcement, SRC's total operating income for the first half of this year was 579
The company's operating profit reached 400 million former (approximately 11.7 trillion yen), and net profit reached 1.7 billion former (approximately 34.4 billion yen). Both the quality and profit of railway management are steadily improving.
By item, the figures are fixed asset investment, passenger traffic, and China-Europe freight trains (scheduled freight trains connecting China and Europe).
The performance of the National Railway Group is improving steadily. Total transportation revenue for the first half of the year increased 4.7% year-on-year to 484.1 billion yen (about 9.5 billion yen).
The asset-liability ratio was 64.55%, down 0.99 percentage points from the end of the previous year.