Recently, China National Railway Group released the financial report for the third quarter of 2022. The company’s net profit in the first three quarters of this year lost over $13 billion (94.7 billion yuan).

In the first three quarters, China National Railway Group had 1.33 billion passengers, down 33.3% over the same period last year.

The company said that the they lost money because of the more-than-expected spread of the pandemic.

Since the beginning of this year, China National Railway Group has implemented the Chinese government’s essential instructions. Stopped and reduced the number of passenger trains in pandemic-related areas. Restricted the sale of tickets in pandemic-related areas, and controlled the number of passengers on passenger trains.

On August 31, China Railway Group released the 2022 Semi-Annual Report. Total liabilities were $824 billion (6 trillion yuan). The net loss was $11 billion (80.4 billion yuan).

Sign up to receive our latest news!

By submitting this form, I agree to the terms.