BEIJING — China State Railway Group Co Ltd (China Railway) has seen a stable recovery from the pandemic in the first half of the year, data from China Railway showed.
The company's revenue expanded by 98.2 billion yuan (about $15.2 billion) from the same period last year to 512.8 billion yuan in the January-June period, said China Railway.
But it reported 50.7 billion yuan in losses, 44.8 billion yuan less than the same period last year.
A total of 298.9 billion yuan was invested in railway fixed assets, while 1,138 km of new railway lines, including 505 km of high-speed railway, were put into operation in the first half of the year.
The railways transported nearly 1.33 billion passengers, up 64.5 percent year-on-year in the first six months. Passenger transport revenue reached 156.23 billion yuan, up 66.8 percent year-on-year.
The railway freight volume went up 8.9 percent year-on-year to 1.85 billion tons with the revenue up 13.9 percent to 213.77 billion yuan in the first half of the year.