China Railway achieved a new contract value of 1078.5 billion yuan in the first half of 2024, a year-on-year decrease of 15.3%. Among them, the new contract value of domestic business was 996.12 billion yuan, a year-on-year decrease of 16.2%; the new contract value of overseas business was 82.38 billion yuan, a year-on-year decrease of 2.3%. The unfinished contract value was 6222.87 billion yuan, an increase of 5.9% compared to the end of 2023. In the first half of 2024, the company's revenue was 544.522 billion yuan, a decrease of 7.8% compared to the same period of 2023. The gross margin was 8.6%, basically flat year-on-year. Net profit was 14.279 billion yuan, a decrease of 12.1% year-on-year. Basic earnings per share were 0.532 yuan. The asset-liability...Show More

China Railway achieved a new contract value of 1078.5 billion yuan in the first half of 2024, a year-on-year decrease of 15.3%. Among them, the new contract value of domestic business was 996.12 billion yuan, a year-on-year decrease of 16.2%; the new contract value of overseas business was 82.38 billion yuan, a year-on-year decrease of 2.3%. The unfinished contract value was 6222.87 billion yuan, an increase of 5.9% compared to the end of 2023. In the first half of 2024, the company's revenue was 544.522 billion yuan, a decrease of 7.8% compared to the same period of 2023. The gross margin was 8.6%, basically flat year-on-year. Net profit was 14.279 billion yuan, a decrease of 12.1% year-on-year. Basic earnings per share were 0.532 yuan. The asset-liability ratio was 76.5%, an increase of 1.6 percentage points from the beginning of the year. The company issued four batches of technology innovation renewable corporate bonds totaling 10 billion yuan from July to August 2024. In addition, on August 30, 2024, the company decided to repurchase and cancel 7.384576 million shares of restricted stocks under the 2021 Restricted Stock Incentive Plan.