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Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

author:Yun Yu is not surnamed Wen

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All of the information stated in this article has been obtained from reliable sources, and the specific information is detailed in the article

Preface

Everyone knows that "if you want to get rich, you must first build roads", so the mainland puffed up to build roads regardless of the cost for the sake of the people's money bags, after all, it is China's railways that silently bear losses, but in 2023, China's railways will change from the usual state.

How exactly does China's railways do it?

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

Finally profitable

China Railway, also known as China State Railway Corporation Corporation, has a registered capital of 1,739.5 billion yuan, and it can be listed among the world's top 500 companies by its strength, but it is not among the world's top 500 companies.

Because China Railway Group is mainly responsible for the construction of railways in the mainland, and railway construction is an infrastructure project related to people's livelihood, it has always been concerned by the mainland.

In order to open roads to remote areas and send people and agricultural products from these areas, the mainland has built many railways, such as in 2023, ending the history of 22 counties without railways.

Source: China.com2024-04-30 China Railway Group Announces Financial Accounts for 2023 and the First Quarter of 2024
Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

After the construction of these railways, 210 million people and 770 million tons of goods from poor areas can be sent out to communicate with different regions.

In response to the call of the mainland, China Railway Group also insisted on opening a public welfare "slow train", so that people with limited economic conditions can also take the train to work in the city and send their children to school.

In order to help the population in poor areas to get rid of poverty and become rich, China Railway Group has also set up special trains for agricultural products, which can ensure that agricultural products are placed in a safe position to a certain extent, and reduce the possibility of accumulation and extrusion and deformation.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

At the beginning of these activities, China Railway Group did not consider the question of whether to make money, but after it was officially restructured into China Railway Group Co., Ltd. in 2018, it had to consider the issue of making money.

In order to get rid of the dilemma, the China Railway Group chose to lay off some employees to improve the operational efficiency of various departments while reducing costs such as wages.

China Railway Group is also working with companies such as Alibaba to discuss how to make railway operations profitable.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

For example, after allowing salespeople to sell goods on the railway, providing passengers with humanized services such as picking up and unloading luggage, and bringing passengers a good experience, they will naturally choose to take the train.

After unremitting efforts, in 2018, China Railway Group achieved a total revenue of 498.831 billion yuan, and the after-tax loss was reduced by more than eighty percent.

In 2023, the total revenue of passenger and freight transportation of China Railway Group will reach 964 billion yuan, and the group's operating income will reach 1,245.4 billion yuan, which is a significant increase in earning power compared with 2018.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

Behind the significant improvement of China Railway Group's earning capacity, it is inseparable from improving service quality and continuing to improve passenger and freight transportation capacity.

For example, in 2023, the National Railway Group will send more than 20 million passengers on peak days, and they will achieve an annual net profit of 3.3 billion yuan by transporting these passengers and a large number of goods.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

In the first quarter of this year, in the face of harsh natural conditions such as low temperature, rain, snow and freezing, China Railway Group was still able to complete the task excellently, delivering passengers and goods to the designated places, and achieving an operating income of 283.3 billion yuan.

China Railway Group has not only transported passengers and goods, but also assumed the responsibility of transporting key materials such as coal, grain, fertilizer, etc., whether these materials can be safely delivered to the local area, depends on whether their railway transportation capacity is good, and it has been proved that they have done it.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

Imperial Railroad vanguard

China Railway Group has sent a total of 742 million tons of goods with its strength, many of which are coal, grain, fertilizer and other materials, and the train power system and staff play a very important role in this link.

The power system of the train is directly related to the question of whether the train can deliver the goods to the place on time, so in the first quarter of this year, the National Railway Group studied the research on the speed of the starting car.

In addition to trains with a speed of 891 kilometers per hour, the National Railway Group is also preparing to study railway facilities with a speed of 400 kilometers per hour, so that passengers with different needs for railway speeds have more options.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

Because they have participated in the construction projects of the Indonesian Railway and the Hungarian-Serbian Railway, they also have to consider studying the issue of train EMUs and sending suitable train EMUs to other countries.

The quality of these train EMUs is closely related to the image of the mainland's "infrastructure madness", and once there is a quality problem, it will also have an impact on the mainland's external construction.

China Railway Group continues to carry out CR450 EMU prototype research, according to the temperature and humidity in different regions, as well as the local railway infrastructure and other conditions, to build suitable EMUs.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

For example, after the Jakarta-Bandung high-speed railway was officially put into operation, it was deeply loved by local people and foreign tourists because of its excellent quality, and the number of passengers sent has achieved steady growth.

While the work results of China Railway Group have gone abroad, the importance of local railway services has also increased.

For example, pregnant women can receive more attention from the staff as long as they register their information before taking the train, and the staff will also remind them of the time to take the train to ensure that they can arrive at their destination smoothly.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

Even for transportation projects such as the Spring Festival with a large passenger flow, China Railway Group can do its best to take care of the feelings of every passenger.

For example, if there are children in the carriage, they prepare some board games for the children to play to help distract them, so that they can less disturb the normal rest of other passengers.

There is also a Wi-Fi service on the train, which helps passengers who take the train to watch movies and play games on the train, and have more good experiences.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

The key is that while the train improves the quality of service, the price adjustment is also within a reasonable range, and the fares for passengers who take second-class seats are still within a reasonable range, and the more expensive ones are still first-class fares.

Compared with the first-class ticket price from Shanghai Hongqiao Airport to Beijing South, the first-class ticket price is 130% more expensive than the second-class ticket price, and it takes more than 1,000 yuan to complete the discount, while the second-class ticket price is much cheaper.

Source: Guangming Daily2024-06-14 ""Preferred First Class" ticket prices are released! A number of Beijing-Shanghai high-speed rail trains have been sold out》
Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

Even passengers whose destination is within 500 kilometers basically do not need to consider the way of travel by plane, and it is more cost-effective to blindly choose to take high-speed rail.

The vast land area of the mainland also determines that as long as the total length of the high-speed rail is long enough, the people of the mainland can reach the place they want to go by only taking the high-speed rail.

By the end of 2023, the total length of high-speed railways in mainland China has reached 45,000 kilometers, and the slower high-speed railways can also reach a speed of 200 kilometers per hour, and the faster ones can reach a speed of 250 kilometers per hour.

Finally profitable! China Railway's revenue in 2023 will be 1.24 trillion yuan, and the net profit will be 3.3 billion!

In addition, after the continuous improvement of high-speed rail technology in the mainland, the work of speeding up and improving the quality of China's high-speed rail is also in progress, just to bring a better travel experience to the people of the mainland and promote the rapid development of the mainland's economy like the high-speed rail.

Passenger and freight transportation is a topic that is difficult to avoid in our lives, and the companies that are quietly responsible for the related work behind it need to pay a lot, and we can choose and support these companies more to help them thrive.

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