China Railway Corporation 2018 net profit reaches new high

BEIJING, May 2 (Xinhua) -- China Railway Corporation (CRC), the country's top railway operator, saw its net profit reach a record high last year, the company said in a report.

Net profit of the railway operator grew 12.42 percent year on year to reach 2.045 billion yuan (about 304 million U.S. dollars) in 2018.

The CRC took in a total of nearly 765.9 billion yuan in transport revenue last year, up 10.31 percent year on year, with 297.9 billion yuan from freight transport and 357 billion yuan from passenger transport.

Last year, the fixed-asset investment on railways stood at 802.8 billion yuan with more than 4,600 km of new railways launched, official data showed.