China State Railway Group Co., Ltd. reported on Saturday that operations had been steady during the first half of the year, with net profit and total operating revenue coming in at 1.7 billion yuan and 579.4 billion yuan (roughly $81.46 billion) respectively.
The country’s railway operator was quoted by the Xinhua news agency as saying that during the period, China’s railway passenger trips reached a record high of nearly 2.1 billion, up 18.4% year-over-year.
The company reported that in the first half of the year, 10,256 passenger trains were operated on average per day, a 9.4% increase from the previous year. The first half of the year saw the railroads move more than 1.92 billion tonnes of cargo.
According to the company, fixed-asset investment in the railway industry reached 337.3 billion yuan during the period, rising by 10.6% on an annual basis and reaching a record high.
China-Europe goods trains moved over 1.04 million 20-foot equivalent units of cargo in the first half of the year, an increase of 11% over the same period last year.As reported by the Xinhua news agency, China’s railway operator reported that passenger trips reached a record high of nearly 2.1 billion during the period, up 18.4% year-over-year.
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