The most profitable high -speed rail has also lost money.

The financial accounts of the first half of 2022 disclosed by the National Railway Group recently showed that the total operating income achieved 485.7 billion yuan in the first half of the year, a year -on -year decrease of 27.1 billion yuan, and a net profit loss of 80.4 billion yuan, an increase of 58.5% from the losses of 50.7 billion yuan in the same period last year last year, 58.5% Essence

As of the first half of 2022, the total liabilities of the National Railway Group had a total liabilities of 6 million yuan, an increase of 3.45%over the same period last year. At the end of the second quarter, the debt ratio of the National Railway Group was 66.81%, an increase of 0.48%over the end of last year.

"The main reason is that the investment of railway fixed assets in the first half of the year remains high, and the total liabilities have increased." The relevant person in charge of the National Railway Group said that railway liabilities are mainly the construction of investment liabilities. It corresponds to high -quality assets. Railway passenger and cargo transportation and multiple operations have stable cash flow, have good debt repayment, and have a stable and controllable debt risk.

Passenger transportation decline, freight growth

The new crown epidemic has continued to impact on the operating performance of the National Railway Group. In the first half of the year, the National Railway Group achieved total operating income of 485.7 billion yuan, a year -on -year decrease of 27.1 billion yuan, and a net profit loss of 80.4 billion yuan, of which the loss in the second quarter was 34.3 billion yuan, which narrowed 11.8 billion yuan from the first quarter.

The National Railway Group stated that the main reason for the loss of net profit is to send out the epidemic, which has a greater impact on railway transportation operations, and passenger transport and diversified operations are particularly serious.

The total revenue of the National Railway Group is mainly composed of passenger revenue and freight revenue. In the first half of the year, the National Railway Group realized freight revenue of 234.4 billion yuan, an increase of 9.6%year -on -year, and the passenger revenue declined significantly. Essence

Among the passenger routes, the Beijing -Shanghai high -speed rail (601816.SH), known as "China's Most Money High Speed ​​Railway", lost 1.028 billion yuan in net profit in the first half of the year, a year -on -year decrease of 137%. Among them, the second quarter of this year was the first quarterly loss since the company was listed in January 2020. In the first half of the year, the transportation passengers of the Beijing -Shanghai high -speed rail trains decreased by 66.7%year -on -year, and the mileage of cross -line train operations decreased by 41.5%year -on -year.

The Beijing -Shanghai high -speed rail said that in the first half of the year, many regions along the Beijing -Shanghai high -speed railway, especially Shanghai, Beijing and other special cities, there were many clustered new crown epidemics, and the duration was longer. Greatly influenced that the willingness of passenger travel has declined, bringing unprecedented, serious, and persistent impact to the company's operating performance.

Unlike the sharp decline in passenger transport, railway freight has increased. A number of indicators such as single -day cargo sending, freight turnover, number of vehicles, and unloading vehicles have been repeatedly refreshing historical records. The National Railway Group held a full -road TV conference on May 30 to increase the national railway freight target of 100 million tons to about 3.9 billion tons throughout the year, a year -on -year increase of nearly 3 percentage points to about 5%.

Data show that in the first half of the year, the National Railway Group railway sent 1.946 billion tons of goods, an increase of 5.5%year -on -year. The monthly cargo sending volume hit a record high, achieving cargo revenue of 234.4 billion yuan, an increase of 9.6%year -on -year. China -EU trains run 7,514 columns and send 724,000 citizens, a year -on -year increase of 2%and 3%respectively; the Western Luhai New Channel trains sent 379,000 standards, an increase of 33%year -on -year.

In the second half of the year, the climax of the investment construction of the railway

In terms of railway investment, in the first half of this year, the National Railway Group gave full play to the role of railway construction investment in stabilizing the economic market, and fully played a good battle for the construction of the construction position of the Sichuan -Tibet Railway. The iron -related projects in 102 key projects have increased construction projects to re -work to achieve production. The national railway completes a fixed asset investment of 285.3 billion yuan. kilometer.

In the first half of the year, Hangzhou to Taizhou high -speed rail, Huanggang to Huangmei high -speed rail, Zhengzhou to Chongqing high -speed rail Xiangyang to Wanzhou section, Jinan to Zhengzhou high -speed rail Puyang to Zhengzhou section, Hetian to Ruoqiang railway, Aksu to Alar Railway, Beijing Fengtai Station, Zhengzhou Aviation Port Station When a number of key projects have opened high quality, the Sichuan -Tibet Railway, Chengdu to Lanzhou Railway, Dali to Ruili Railway, Lijiang to Shangri -La Railway have made positive progress.

At present, railway investment is still lower. Since the beginning of this year, the investment in railway fixed assets has been reduced for three consecutive months, and the cumulative value of 5 months in the first half of the year has decreased by 5 months. Although the investment in the railway fixed assets in June still decreased, the decrease in the decrease has narrowed significantly, only 2.41%in June, and the month -on -month increase was as high as 167.24%.

Institutions estimate that according to the scale of the national railway completing a scale of 748.9 billion yuan in fixed asset investment in 2021, railway investment in the second half of the year will still have about 500 billion yuan in space. It is expected that the construction climax may be opened in the second half of the year.

The National Railway Group previously stated that the investment in construction investment and new lines of the new line, giving full play to the role of railway construction investment, focusing on networking, supplementary networks, and strong chains, highlighting shortcomings, strong weaknesses, and re -supporting facilities. Construction and construction, strengthen construction organizations, stabilize the scale of railway investment, ensure the completion of the planned investment progress requirements in the first half of the year, ensure that the annual railway fixed asset investment plan and the corresponding physical workload are completed, and the new line 3300 is opened in accordance with the law and regulations. Around kilometers.

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