CHINA China Railway revenue up 3.6 pct in 2019

CHINA

China Railway revenue up 3.6 pct in 2019

Xinhua

11:20, May 04, 2020

BEIJING, May 4 (Xinhua) -- China State Railway Group Co., Ltd. saw its revenue in 2019 rise 3.6 percent year on year to 1.13 trillion yuan (about 160 billion U.S. dollars), the company said in its annual report.

During the period, net profits totaled 2.52 billion yuan, up 480 million yuan from the previous year, it said.

The firm's total assets stood at 8.32 trillion yuan by the end of 2019, rising 3.9 percent from a year earlier.

Meanwhile, its total liabilities stood at 5.49 trillion yuan with debt-to-asset ratio at 65.98 percent by the end of 2019, the company said.

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(Photo: Agencies)

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