Beijing: Revenue from China's railways is poised for significant growth, with projections indicating it will exceed 1 trillion yuan by 2025.
According to Thai News Agency, China Railway Corporation Limited anticipates its annual transportation revenue will reach 1.02 trillion yuan in 2025. This marks the first occasion that revenue will surpass the 1 trillion yuan threshold, reflecting a 3.1 percent increase compared to the previous year.
These financial projections are a result of tighter budget controls and enhanced cost management strategies, which have led to savings of 19.7 billion yuan. Moreover, the company has bolstered its financial standing by lowering its debt-to-asset ratio by 1 basis point, bringing it to 62.5 percent by the conclusion of 2025.
Looking ahead to 2026, the company plans to continue operating in alignment with market mechanisms while adhering to legal principles. It will focus on critical areas, including the transition and development of non-transportation businesses and the rigorous control of unproductive costs.