# 5 years new high! China Irons total profit of 1 billion 800 million last year

2018-05-04 01:20:22
category:Global

China Railway Corporation (hereinafter referred to as China Railway total) 2017 annual report and the first quarter of 2018 earnings report recently released. It is worth noting that the total profit after tax in 2017 was the highest in nearly 5 years. In contrast, in 2016, the total pre tax profit of China Railway was -11.73 billion yuan, and the income tax was -22.49 billion yuan, so the profit after tax turned to profit and realized 1 billion 76 million yuan. In 2017, the total pre tax profit and income tax were positive, the pre tax profit reached 12 billion 468 million yuan, the income tax was 10 billion 650 million yuan, and the profit of 1 billion 819 million yuan after tax was the highest in nearly 5 years. In the last quarter of 2018, the total transport income of China Railway was 178 billion 672 million yuan, an increase of 5.73% in the first quarter of 2018. Among them, freight revenue was 70 billion 753 million yuan, an increase of 8.57% over the same period, and passenger revenue was 82 billion 767 million yuan, an increase of 8.93% over the same period last year. Freight growth is almost flat with passenger growth, and passenger revenue growth is catching up. In addition, in 2017, China Railway completed 801 billion 43 million yuan in fixed assets investment in the national railway, a decrease of 0.059% compared with the same period last year. In contrast, in 2018, China Railway needs to implement the 732 billion fixed assets investment target, and the investment in fixed assets fell to less than 800 billion yuan in the last three years (2015 to 2018). Interpretation of 2017 annual report: profit after tax has been the highest in nearly 5 years. In 2017, the total net profit of China Railway was 1 billion 819 million yuan, which increased by 7 billion 430 million yuan from the same period of last year by 7 billion 430 million yuan, a significant increase of 69.05%, and the income was 1 trillion yuan, up 11.9% from the same period last year. By the end of 2017, the total debt of China Railway was 4 trillion and 990 billion yuan, up 5.8% from 4 trillion and 720 billion yuan in the same period last year, and the debt rate was 65.21%, which was slightly higher than the debt rate of 65.03% in the same period last year. It is worth noting that in 2016, the total pre tax profit of China Railway was -11.73 billion yuan, and the income tax was -22.49 billion yuan, so the profit after tax turned to profit and realized 1 billion 76 million yuan. In contrast, the total pre tax profit and income tax in 2017 were positive, the pre tax profit reached 12 billion 468 million yuan, the income tax was 10 billion 650 million yuan, and the profit of 1 billion 819 million yuan after tax was the highest in nearly 5 years. In addition, in the past three years, the total debt growth of China Railway has been fluctuating: in 2015, the debt increased by 419 billion 600 million yuan, in 2016, by 620 billion yuan, and by 272 billion 500 million yuan in 2017. The total transport revenue data of China Railway showed a growth trend. In 2017, China Railway total transport revenue totaled 694 billion 254 million yuan, an increase of 17.11% over the same period last year, and realized a breakthrough of 600 billion yuan since 2013. Among them, freight revenue was 266 billion 223 million yuan, an increase of 23.59% over the same period, and passenger revenue was 319 billion 746 million yuan, an increase of 13.49% over the same period last year. Thus, the railway transport situation in 2017 continued to grow, and freight growth continued to lead. According to the data released by the China Railway General Development Reform Department, 3 billion 83 million 790 thousand passengers were sent in 2017, up 9.6% from the same year, the turnover of passengers reached 1 trillion and 345 billion 692 million km, up 7%, the total freight transport volume reached 36.8865 billion tons, up 10.7% from the same period, and the total freight turnover reached 26962.20 million tons, up 13.3% over the same period. Among them, in passenger transport, the EMU sent 1 billion 713 million people, up 18.7%, accounting for 56.4%. EMU became the main carrying tool for Chinese passenger transport; the delivery of goods was 29.18 million tons, 10.1% increased over the same period, and 3600 of the Middle European classes were opened. In addition, in 2017, China Railway completed 801 billion 43 million yuan in fixed assets investment in the national railway, a decrease of 0.059% compared with the same period last year. In contrast, in 2018, China Railway needs to implement the 732 billion fixed assets investment target, and the investment in fixed assets fell to less than 800 billion yuan in the last three years (2015 to 2018). In the first quarter of 2018, the total net profit of China Railway was -3.76 billion yuan, the net profit of last year was -58.36 billion yuan, a significant narrowing of 93.56%, and the income was 245 billion 645 million yuan, up 9.4% from the same period last year. By the end of March 2018, the total liabilities of China Railway reached 5 trillion and 40 billion yuan, 5 trillion for the first time, 5.8% from 4 trillion and 720 billion yuan in the same period last year, 65.27% in debt, and a slight increase compared with the debt rate of 64.93% in the same period last year. The total transport revenue data of China Railway still showed a growth trend. In the first quarter of 2018, China Railway total transport revenue totaled 178 billion 672 million yuan, an increase of 5.73% over the same period last year. Among them, freight revenue was 70 billion 753 million yuan, an increase of 8.57% over the same period, and passenger revenue was 82 billion 767 million yuan, an increase of 8.93% over the same period last year. The growth of freight transport is almost equal to the growth of passenger transport. According to the data released by the China Railway General Development Reform Department, the number of passengers sent from 1 to March 2018 reached 769 million 700 thousand, up 7.1%, the turnover of passengers reached 349 billion 839 million km, up 2.6%, the total freight transport volume reached 7.7701 billion tons, up 7.3%, the total freight turnover reached 6180.26 million tons, up 3.6% from the same period. In terms of passenger transport, EMU sends 440 million passengers, an increase of 14.3% over the same period. From the view of the whole road, there are 16 Railway Bureau Group companies to achieve year-on-year growth, of which, Lanzhou, Xian bureau group company growth is the largest, respectively 38.4% and 24.4%. In the freight transport, there are 12 Railway Bureau groups to achieve year-on-year growth, of which Hohhot bureau group company increased to 32.8% from the same period, and Urumqi, Xian, Taiyuan and Beijing group companies also increased by 10%. In addition, in the first quarter of 2018, the traffic volume of the Daqin line increased by 9.8% year on year, the volume of the Japanese line increased 3.2 times over the same period, the volume of the Tang call line increased by 2.4 times over the same period, and the total increment of the three lines accounted for 30.1% of the total increment of the total freight transport, which became a big spot for the first quarter railway freight. In addition, in the first quarter of 2018, China Railway has completed 91 billion 972 million yuan in fixed assets investment in the whole country, a decrease of 4.75% compared with the same period last year. In contrast, this year, China Railway needs to implement 732 billion fixed asset investment target, and has completed 12.56%. The source of this article: surging news editor: Ji Xue Ying _NN6784 In the freight transport, there are 12 Railway Bureau groups to achieve year-on-year growth, of which Hohhot bureau group company increased to 32.8% from the same period, and Urumqi, Xian, Taiyuan and Beijing group companies also increased by 10%. In addition, in the first quarter of 2018, the traffic volume of the Daqin line increased by 9.8% year on year, the volume of the Japanese line increased 3.2 times over the same period, the volume of the Tang call line increased by 2.4 times over the same period, and the total increment of the three lines accounted for 30.1% of the total increment of the total freight transport, which became a big spot for the first quarter railway freight. In addition, in the first quarter of 2018, China Railway has completed 91 billion 972 million yuan in fixed assets investment in the whole country, a decrease of 4.75% compared with the same period last year. In contrast, this year, China Railway needs to implement 732 billion fixed asset investment target, and has completed 12.56%.