China Railway Group Posts H1 Revenue of RMB589 billion, Net Profit RMB1.85 billion

On August 31, China State Railway Group disclosed its financial results for the first half of 2026. During the period, the group achieved total operating revenue of RMB589 billion and a net profit of RMB1.85 billion. Its asset-liability ratio stood at 61.83%, down 0.15 percentage points from the end of 2025. Several transport indicators hit record highs for the corresponding period.

In passenger transport, the national railway carried a total of 2.348 billion passenger trips in the first half, up 5% year on year, setting a new record for the period. On May 1, it carried 24.484 million passenger trips, a record single-day high. In freight transport, the national railway completed 2.015 billion tonnes of cargo in the first half, up 1.8% year on year. Total contracted logistics volume reached 1.194 billion tonnes, with 35,800 cross-bureau freight trains operated. Rail-water intermodal transport volume reached 9.12 million TEUs, up 11% year on year, while full-process logistics volume primarily using rail trunk lines reached 243 million tonnes, up 87.9%.

In the first half, fixed-asset investment in the national railway totaled RMB363.2 billion, up 2.1% year on year, with 355.2 km of new lines put into operation. On the technology front, a committee was established under the railway science and technology innovation alliance to advance international standards, promoting innovation in mobile equipment and track engineering. The CR450 high-speed train has progressed smoothly in operational assessment; since the prototype rolled off the production line at the end of 2024, it has achieved a speed of 450 km/h with all indicators passing, but it must accumulate 600,000 km of testing before carrying passengers.