The China National Railway Group Co., Ltd. released its 2025 half-year report on August 29th, showing a 10.77% year-on-year decrease in net profit, reflecting the challenges faced by the railway transportation industry in the current complex economic environment.
According to the semi-annual report, the National Railway Group achieved a total operating income of 586.022 billion yuan in the first half of the year, a 1.13% increase compared to the previous year, with a net profit of 1.553 billion yuan, a decrease of 10.77% year-on-year. The pattern of slight revenue growth and declining profits highlights the pressure that companies face in cost control and profitability.
In sharp contrast to the decline in net profit, the National Railway Group made progress in debt management. The total debt reached 61.9 trillion yuan in the first half of the year, a 0.32% decrease from the same period last year.
Data shows that in the first half of 2013, the predecessor of the National Railway Group, the China Railway Corporation, had a debt ratio of 62.66%. Since then, the debt ratio has been climbing, maintaining around 65% from 2015 to 2019, and exceeding 66% in the early stages of the epidemic in 2020.
In terms of international business performance, the China-Europe and China-Asia freight trains operated a total of 17,000 trains, transporting 1.53 million standard containers; the Western Land-Sea New Channel trains transported 746,000 standard containers, a significant increase of 77% year-on-year. Among them, the international business performance with Russia has been particularly outstanding.